President Trump said Thursday that he will announce his nominee to be the next chair of the Federal Reserve on Friday morning. Polymarket data showed former Fed Governor Kevin Warsh is now the prohibitive favorite to get the nod, with his odds north of 85%. On the president’s short list have been Warsh, Fed governor Chris Waller, BlackRock chief of fixed income Rick Rieder, and National Economic Council Director Kevin Hassett. Former U.S. Federal Reserve Governor Kevin Warsh speaks during a monetary policy conference at Stanford University’s Hoover Institution in Palo Alto, California, U.S. May 9, 2025. President George W. Bush appointed him to serve as Fed governor in 2006, and he served as former Fed Chair Ben Bernanke’s liaison to Wall Street during the 2008 financial crisis.