"Driving the news: Warsh met with Trump at the White House Thursday. Trump said last evening that his pick "won't be surprising to people. ... A lot of people think that this is somebody that coulda been there a few years ago." Warsh's odds surged on prediction markets, running at 95% on Polymarket early Friday (a market with more than $300 million wagered, underlining just how much the pick matters globally)."
"Warsh has expressed confidence that Trump's tax and deregulatory policies are generating a growth surge, and that the Fed should allow it to boom rather than act to restrain it. He wrote in November that "the U.S. is poised to grow faster than any other major economy," and that this is ""thanks in large part to pro-growth policies championed by President Trump." He brings deep relationships in Republican politics and on Wall Street to the job -"
Reports triggered immediate reactions in global financial markets, with the dollar strengthening and precious metals plunging. Kevin Warsh met with President Trump at the White House and is widely reported as the expected Federal Reserve nominee, with prediction-market odds reaching 95% on Polymarket. Warsh credits Trump’s tax and deregulatory policies with a growth surge and argues the Fed should allow the economy to boom rather than restrain it. Warsh served on the Fed Board of Governors from 2006 to 2011, was previously passed over for Fed leadership, and would require Senate confirmation amid independence concerns.
Read at Axios
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