Trump Nears Decision on New Fed Chair, Hints at Preferred Candidate

• President Donald Trump announced his search for a successor to Federal Reserve Chair Jerome Powell is almost complete.
• The announcement was made during a CNBC interview at the World Economic Forum in Davos, Switzerland.
• Trump mentioned being down to 'maybe one' candidate, but refused to identify the individual.
• Finalists were thought to include Kevin Hassett, Kevin Warsh, Christopher Waller, and Rick Rieder, with Trump praising Rieder as 'impressive'.
• The decision comes after a year of significant turmoil for the central bank, with questions remaining about Powell's future role.

Why It Matters: Trump is close to naming a new Federal Reserve Chair, keeping the chosen candidate's identity secret.