Former Fed Governor Kevin Warsh is by far the favorite, according to prediction market Kalshi.

WASHINGTON: President Donald Trump said on Thursday he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, with speculation intensifying that…

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Former Fed Governor Kevin Warsh is by far the favorite, according to prediction market Kalshi.

Trump told reporters he will make the announcement on Friday morning, and said his pick is someone "a lot of people think...that could’ve been there a few years ago.”

I "have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best," Trump wrote on his Truth Social platform.

Warsh on Wednesday was confirmed by the Senate to formally succeed Federal Reserve Chair Jerome Powell, whose term ends May 15. President Donald Trump nominated Warsh to the…

The 55-year-old economist had been considered for Fed chair during Trump's first term.

Investors see the former Fed governor as a credible steward of monetary policy despite expectations he may push for lower rates.

Opinion is divided over whether Warsh will align with the US president's views over how the Federal Reserve should be run.

The U.S. dollar strengthened, signaling the market's approval of Warsh's credibility and perceived autonomy, but safe-haven assets gold and silver plummeted.

The U.S. dollar strengthened, signaling the market's approval of Warsh's credibility and perceived autonomy, but safe-haven assets gold and silver plummeted.