Foreign media reported that Trump will announce the Fed chair nominee in early January, and the prediction market is optimistic about former economic advisor Kevin Hassett.

According to reports from CNBC and several other media outlets, U.S. President Trump is expected to formally appoint the next Fed chair in the first week of January 2026. This critical personnel decision is closely related to the timeline, as the current chair Powell's term will end in May 2026.

According to informed sources, the timeline for this appointment has been basically confirmed. Currently, the Trump administration has a preliminary outline of the policy preferences for the new Fed chairman. Trump himself has emphasized multiple times that he hopes his successor will support a "growth-friendly" monetary policy to promote economic expansion.

Currently, the prediction platform Polymarket shows that among the many potential candidates, former White House economic advisor and former Coinbase advisor Kevin Hassett has a significantly leading nomination probability, with the market predicting his winning chance to be as high as 61%.

Hassett had previously stated that the Fed "still has a lot of room for interest rate cuts," a dovish stance that is seen as highly aligned with Trump’s desire to implement a "growth-friendly" monetary policy, making him a popular candidate. However, competition remains, and the odds in the prediction market indicate that the combined probability of other potential candidates is nearly 40%.

It is worth noting that there are differing views within the Fed regarding the future path of interest rates. Officials at the Fed believe that after three consecutive rate cuts, future interest rate policy should remain stable in the coming months, pointing out that the main risk remains stubborn inflation. This indicates that regardless of who is ultimately nominated, the new chair will need to balance the two core tasks of "promoting growth" and "controlling inflation."

Overall, the appointment and confirmation of the Fed chairman is one of the most critical events in the U.S. financial system, and the choice will directly influence the direction of global monetary policy, financial market expectations, and economic prospects in the coming years.

Whoever the final candidate is, the nomination of the new chairman will mark the beginning of a critical period, and their policy stance will directly affect the market's expectations for the interest rate path, inflation management, and economic outlook in the coming years. The global financial markets are holding their breath.

#Fed Chair Nominee