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[Trump Says Kevin Warsh Rises to Top Candidate for Next Fed Chair] U.S. President Trump stated on Friday that Kevin Warsh has risen to the top of his list of candidates for the next Federal Reserve Chair, though other candidates remain in contention. On Wednesday, the Federal Reserve lowered the benchmark federal funds rate to a range of 3.5%-3.75%. Trump believes rates should be lower and noted that Warsh largely agrees with his stance on monetary policy. Kalshi data shows that prediction markets have shifted accordingly, with Hassett's nomination probability dropping from about 71% to 62%, while Warsh's probability stands at 36%. Trump reiterated that the Fed Chair should consult the president on rate decisions, a move that would overturn the tradition of the Federal Reserve maintaining its independence.