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Trump says he may be down to one candidate to head the Fed

ReutersJan 21, 2026 8:33 PM

- U.S. President Donald Trump on Wednesday indicated he was close to choosing the new chair of the Federal Reserve, adding that he liked the idea of keeping White House economic adviser Kevin Hassett in his current post.

"We're down to three, but we're down to two. And I probably can tell you we're down to maybe one in my mind," he told CNBC in Davos, when asked who would replace current chairman Jerome Powell, who Trump has repeatedly denounced.

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