President Trump indicates he has made a decision on the next Fed chair

Watch on YouTube ↗  |  January 21, 2026 at 20:40  |  1:04  |  CNBC
Speakers
Donald Trump — President of the United States
Joe Kernen — Co-Anchor, Squawk Box

Summary

In a Davos interview excerpt with CNBC's Joe Kernen, President Donald Trump discusses the upcoming Federal Reserve chair selection. Trump says the candidate list is down to possibly one in his mind, praises Kevin Hassett and Rick Rieder, and criticizes current Chair Jay Powell as too late. The excerpt contains no explicit investment recommendation or named tradable security.

  • Trump speaks with CNBC's Joe Kernen in Davos about replacing Jay Powell.
  • Trump says he has narrowed the Fed chair decision and may have one candidate in mind.
  • Kevin Hassett is praised, though Trump says he likes keeping him where he is.
  • Rick Rieder is called very impressive and a strong candidate.
  • Trump criticizes Powell as too late on policy and politics.
  • No specific stocks, bonds, commodities, or other tradable instruments are named.
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