U.S. President Donald Trump said he will announce his Federal Reserve chair nominee on Friday morning, setting up a leadership change at the central bank.
Multiple reports said Trump is expected to nominate Kevin Warsh, a former Federal Reserve governor, to replace current chair Jerome Powell.
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Powell’s term as chair ends in May 2026, and the next chair will face intense focus on interest rates and inflation policy.
Kevin Warsh Fed chair nomination gains traction after Trump meeting
Kevin Warsh met with Trump at the White House on Thursday, according to Reuters.
One person briefed on the discussion said Warsh impressed the president, Reuters reported.
Warsh served as a Fed governor from 2006 to 2011, a period that included the financial crisis era.
Trump Fed chair pick narrows as other names stay on the list
Trump has publicly pointed to a short list that includes Warsh, Fed Governor Christopher Waller, White House adviser Kevin Hassett, and BlackRock executive Rick Rieder, according to Reuters and the AP.
Trump said his choice will be “very respected” and well known in finance, Reuters reported, while he continues to push for lower interest rates.
Powell’s chair term ends in May 2026, while his term as a Fed governor runs until 2028, the AP reported. That structure could leave Powell on the Board.
Polymarket odds and Kalshi odds swing toward Warsh
Prediction markets moved sharply after Trump said the decision would come Friday morning.
MarketWatch reported that Polymarket and Kalshi both shifted to show Warsh as the leading option, after earlier moves that favored Rieder.
Those odds changed as headlines focused on Trump’s Thursday meeting with Warsh and the reported expectation of a Warsh nomination.
Kevin Warsh Bitcoin remarks highlight “Bitcoin market discipline”
Warsh has spoken about Bitcoin in public interviews and has linked it to “market discipline” for policymakers.
In a July discussion with Stanford’s Hoover Institution, Warsh said: “Bitcoin doesn’t trouble me.”
He added:
“Bitcoin doesn’t trouble me. I think of it as an important asset that can help inform policymakers when they’re doing things right and wrong.”
He also said:
“I think it can often be a very good policeman for policy.”
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: January 30, 2026 • 🕓 Last updated: January 30, 2026
