Overview
- At the World Economic Forum, President Trump said an announcement is coming soon and indicated he may be down to one choice in his mind.
- Treasury Secretary Scott Bessent said the finalists are Kevin Hassett, Christopher Waller, Kevin Warsh and Rick Rieder.
- Trump praised Rieder as impressive, suggested he would prefer to keep Hassett at the National Economic Council, and repeated sharp criticism of Powell.
- The Justice Department subpoenaed Powell over costly Federal Reserve headquarters renovations, a probe Powell has called a pretext for political pressure.
- Sen. Thom Tillis warned he will oppose moving any Fed nominees forward until the subpoena matter is resolved, as prediction markets currently favor Warsh.