Treasury Secretary Scott Bessent, who is leading the search for the next Fed chair, said this week that the president will announce his nomination for the role as soon as next week, after Davos. Up until last week, that choice was widely believed to be Kevin Hassett. Yet, following comments by the president, the market now believes Hassett’s chances have been quashed, and punters have significantly upped the chances for Kevin Warsh being appointed chair. In this Economics Weekly and ahead of what could be next week’s announcement, Richard de Chazal discusses the leading candidates for the role.