Summary
Odds from a bookmaker suggest Kevin Warsh may become the next chair of the Federal Reserve when Jerome Powell's term ends. President Donald Trump is considering Warsh and Kevin Hassett as potential replacements and has said he will announce his decision in the coming weeks. Powell recently faced a Department of Justice investigation related to his Senate testimony on a Fed building project.
Key Facts
- BetOnline gives Kevin Warsh 1/1 odds to become the next Federal Reserve chair.
- Kevin Hassett has 3/2 odds according to BetOnline.
- President Trump's administration has had disagreements with Powell over interest rates.
- Trump's potential nominees include Warsh and Hassett with announcements expected soon.
- Jerome Powell faced DOJ subpoenas about his testimony on a Fed building project.
- Trump denied knowledge of the investigation and has no plans to fire Powell.
- Powell's term is set to end in May, and Trump will announce any replacements in due course.
