President Donald Trump announced on Thursday evening that he will name his choice for the next Federal Reserve chair on Friday morning. At publication time, prediction sites Polymarket and Kalshi had Kevin Warsh as the frontrunner, putting his odds of being chosen at more than 85%, which sent the 10-year yield higher.

CNBC reported that an administration source told the outlet that Warsh visited the White House on Thursday. However, White House spokesman Kush Desai told CNBC that “President Trump will announce his pick for the Federal Reserve at the appropriate time. Any reporting on the Federal Reserve chairman details ⇒

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