Markets are on edge ahead of Trump’s Fed chair announcement, with Kevin Warsh emerging as the frontrunner and betting odds shifting sharply in his favour. SummaryPresident Donald Trump said he will announce his pick for the next Federal Reserve chair on the morning of Friday, January 30. Former Fed governor Kevin Warsh is increasingly seen as the frontrunner following a reported meeting with Trump. The announcement comes amid rising speculation that Kevin Warsh has emerged as the leading candidate. Warsh is a former Fed governor and long-time critic of ultra-loose monetary policy (in his honest, pre suck hole, days).