President Donald Trump Signals Imminent Federal Reserve Chair Appointment While Criticizing Jerome Powell

President Donald Trump announced at the World Economic Forum that he will name a new Fed chair soon. He criticized Jerome Powell for slow interest rate cuts.

Insights:
President donald trump announced during the World Economic Forum in Davos, CHCH, on January 21, 2026, that he has interviewed several strong candidates for the leadership of the Federal Reserve and will name a new chairman in the not too distant future. While addressing attendees in Switzerland, donald trump signaled that an appointment is imminent to replace the current chair, jerome powell, whose handling of monetary policy has drawn sharp criticism from the administration. The president noted that he has met with highly qualified individuals, though he also observed that nominees often tend to change their approach once they officially take office and begin their tenure.
U.S. President Donald Trump attends the 56th annual World Economic Forum (WEF) in Davos, Switzerland, on January 21, 2026. REUTERS/Jonathan Ernst
U.S. President Donald Trump attends the 56th annual World Economic Forum (WEF) in Davos, Switzerland, on January 21, 2026. REUTERS/Jonathan Ernst
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