Donald Trump indicated Kevin Warsh is now his leading candidate for the next Federal Reserve chair, succeeding Jerome Powell, following a recent interview where he confirmed Warsh as his top pick.This announcement caused shifts in prediction markets, with Warsh's odds surging while Kevin Hassett's, previously a favorite and still considered a strong contender by Trump, dropped.Trump reiterated his desire for a
Fed chair who supports interest rate cuts to manage the
US Treasury's $30 trillion debt, raising concerns about the central bank's independence and emphasizing consultation on rate decisions.