Trump Says He Knows Who He Will Pick as Next Fed Chair

THOMSON REUTERS12-01

President Donald Trump said Sunday he knows who he is going to pick as the next chair of the Federal Reserve and will announce his decision soon.

But while speaking to reporters Trump declined to confirm that Jerome Powell's successor would be prediction-markets favorite Kevin Hassett, the current director of the National Economic Council.

Hassett now has a 58% of getting the nomination, according to bets placed on Kalshi. His odds have risen sharply since Tuesday when they were just below 40%. Fed Governor Christopher Waller follows at 17%, with former Fed Governor Kevin Warsh at 12%.

Speaking on the Sunday shows earlier, Hassett said he would be happy to serve as Fed chief if Trump picks him.

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