President Trump is set to announce his pick for Federal Reserve Chair on Friday, with Kevin Warsh and BlackRock's Rick Rieder as the top contenders. Warsh, a former Fed Governor, has seen his odds surge to 81% after meeting with Trump at the White House. Rieder, BlackRock's chief investment officer for global fixed income, had previously been the frontrunner but now trails Warsh. $BULLA

Warsh is seen as a hawkish candidate who supports lower interest rates and a smaller Fed balance sheet, while Rieder is viewed as dovish and prefers rate cuts. The decision comes amid Trump's pressure on the Fed to lower rates. $SENT $STABLE