TechFlow news — On January 9, according to Jinshi Data, U.S. President Trump said in an exclusive interview with The New York Times that he has decided whom to nominate as the next Federal Reserve chair but did not reveal the name. "I've made up my mind," he said. "But I haven't spoken to anyone about it." When asked about his chief economic adviser Hasset, Trump responded, "I don't want to say," though he noted Hasset is "certainly one of my favorites."
Whoever Trump chooses, the next Fed chair will take the helm at a critical moment, as the central bank sits at the center of an unprecedented and intense pressure campaign by the president to significantly lower interest rates. Prediction market Kalshi shows Kevin Warsh now has a 41% chance of becoming Fed chair, Kevin Hasset 39%, and Christopher Waller 12%.
