Kevin Warsh's prospects of becoming the next chair of the Federal Reserve have significantly increased following President Trump's recent remarks. Trump indicated that his choice for the Fed chair will be a prominent figure within the financial community, suggesting that this individual will not be a shock to those familiar with the landscape. Many speculate it could even be someone who was a viable candidate in prior years.
Former Federal Reserve governor Kevin Warsh's odds of securing this position have surged to 92% on betting platforms like Polymarket and Kalshi, a dramatic rise from just under 40% just a day earlier. This surge in anticipation comes ahead of Trump's anticipated announcement on January 30, 2026, during which he will disclose his nominee. Warsh is competing against three other finalists named by Treasury Secretary Scott Bessent: Christopher Waller, Rick Rieder, and Kevin Hassett.
Current Fed Chair Jerome Powell's term concludes in May 2026. It is worth noting that Trump currently holds three of the board's seven seats, positioning him to influence the decision significantly.