""I am pleased to announce that I am nominating Kevin Warsh to be the CHAIRMAN OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM," Trump wrote in a post on Truth Social, praising Warsh's background in monetary policy, finance, and government service. Trump added that Warsh would go down as "one of the GREAT Fed Chairmen, maybe the best.""
"Currently, Warsh is a Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution and a lecturer at Stanford Graduate School of Business. He is also a partner at Duquesne Family Office, working alongside billionaire investor Stanley Druckenmiller. By the time of the announcement, Polymarket traders priced Warsh's likelihood of being selected at roughly 95% late Thursday, up from about 39% earlier in the day, while Kalshi markets showed similar probabilities after Trump confirmed he would announce his decision Friday morning."
President Donald Trump nominated Kevin Warsh to be chairman of the Federal Reserve Board of Governors. Warsh served on the Fed's Board from 2006 to 2011, becoming the youngest Fed governor at 35 and representing the Fed to the G-20 while overseeing internal operations. He currently holds roles at the Hoover Institution, Stanford Graduate School of Business, and as a partner at Duquesne Family Office with Stanley Druckenmiller. Prediction markets sharply favored Warsh ahead of the announcement, pricing his selection near 95%. If confirmed by the Senate, Warsh would replace Jerome Powell. The nomination has drawn attention from digital asset markets for his relatively crypto-friendly public comments.
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