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Kevin Warsh is the favorite to replace Powell if Trump announces next Fed Chair soon

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Polymarket data shows that Kevin Warsh is the favorite to replace Jerome Powell if the president were to announce the next Fed Chair this year .

Warsh currently has a 24% chance of getting the nod if an announcement comes soon.

This is contrary to a Reuters report that the president plans to announce a decision soon.

Trump recently called for a 100 bps rate cut ahead of the June FOMC meeting.