Trump to Announce New Fed Chair Friday Morning: Global Markets Brace for Impact
Economy
C
CNBC Awaaz•30-01-2026, 07:25
Trump to Announce New Fed Chair Friday Morning: Global Markets Brace for Impact
- •President Donald Trump confirmed he will name the new Federal Reserve Chairman on Friday morning, ending months of speculation.
- •The announcement was made during the premiere of the film "Melania," based on First Lady Melania Trump.
- •The selection process, which began in September with 11 candidates, has been narrowed down to four strong contenders: Kevin Warsh, Kevin Hassett, Christopher Waller, and Rick Rieder.
- •Prediction markets have shown significant volatility, with Kevin Warsh recently gaining an 80% lead in betting markets.
- •The decision is expected to profoundly influence US monetary policy, interest rates, the dollar, and global financial markets.
Why It Matters: Trump's imminent announcement of the new Fed Chair will significantly impact global financial markets and US monetary policy.
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