Overview
- President Donald Trump told Kevin Hassett he wants him to stay at the White House, shifting expectations toward other contenders such as former Fed governor Kevin Warsh.
- Treasury Secretary Scott Bessent said interviews are complete and only the president knows his choice, while suggesting a decision could come around the Davos trip timeframe.
- The Justice Department’s criminal investigation into Jerome Powell over testimony on a roughly $2.5 billion headquarters renovation remains active, which Powell has denounced as unprecedented.
- Sen. Thom Tillis vowed to oppose confirming any Federal Reserve nominees until the probe is resolved, signaling tough hearings and added uncertainty for the eventual pick.
- JPMorgan CEO Jamie Dimon said there is no chance he would serve as Fed chair; Trump denied offering him the job and threatened to sue JPMorgan for allegedly debanking him after Jan. 6.