Trump: New Fed Chair to be announced soon, but worried about potential "disloyalty" after taking office.

In his speech at the World Economic Forum in Davos, US President Donald Trump addressed the Federal Reserve. Trump explicitly stated that his nominee for Fed Chair will be a man. This aligns with the currently reported shortlist: White House economic advisor Kevin Hassett, Fed Governor Chris Waller, former Fed official Kevin Warsh, and BlackRock executive Rick Reid. Trump said, “I will announce a new Fed Chair in the near future. He will be a man. I think he will do a very good job and will be a very respected person.” He added, “Every Fed Chair candidate has a great interview. But the problem is that once he takes office as Fed Chair, he changes his stance, which is somewhat disloyal. The changes a person can make once they get the Fed Chair position are astonishing. In short, Fed Chair Powell has been too slow in his actions on interest rates. I hope the new Fed Chair will do a good job.” (Jinshi)