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US President Donald Trump is expected to announce Friday his intention to nominate Bitcoin-friendly Kevin Worthy to be the next Federal Reserve Chairman, replacing Jerome Powell, whose term ends in May.
President Trump announced Friday morning that he would nominate a replacement for central bank chairman Jerome Powell, whose term ends in May. bloombergThe Wall Street Journal and the New York Times reported that the president plans to announce Wash as his candidate.
“I think we’re going to announce a really great choice,” Trump said as he arrived at the screening of First Lady Melania Trump’s documentary.
Trump reportedly met with Wash at the White House, Reuters reported. proverb They say he left a deep impression on the president.
As a result, the odds of Wash being nominated as the next Federal Reserve Chairman have increased. rapidly increase Prediction market Polymarket’s odds ranged from 30% to 94%, while former frontrunner BlackRock executive Rick Rieder’s odds came in at 3.4%.
Trump’s Rhetoric Puts Warsh Ahead of the Pack
Kevin Warsh, Director, National Economic Council; BlackRock executive Kevin Hassett; Rick Ryder; and Federal Reserve President Christopher Waller were among the four finalists.
Trump appeared confident in his decision, saying he would “become a very respected person, a person known to everyone in the financial world.”
“I think this would be a very good choice,” Trump added.
Trump has long mentioned Wash as one of his top candidates, and he met with the US president for a formal interview last December.
Wash served as president of the Federal Reserve for five years after being nominated by President George W. Bush. He was also considered by President Trump for the Federal Reserve chairman position in 2017, which ultimately went to Jerome Powell.
“A lot of people think this is a guy who could have been there years ago,” Trump told reporters Thursday night.
Trump: ‘I wouldn’t be too surprised’ by Federal Reserve chairman nomination
“A lot of people think this is someone who could have been a few years ago. He’s going to be a very respected person, someone known to everyone in the financial world.” – @Potters pic.twitter.com/btEb38FDsH
— Real America’s Voice (RAV) (@RealAmVoice) January 30, 2026
Trump continued to attack Chairman Powell, saying the Federal Reserve Chairman should cut the budget. interest rate.
This also benefits cryptocurrencies. That’s because Warsh has a much more favorable view of Bitcoin than Powell, who has consistently dismissed the cryptocurrency’s role in the U.S. economy.
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