Trump may name Jerome Powell’s replacement at Davos: Meet the top 4 candidates for Fed chair

Between the usual panels and buzzier geopolitical debates grabbing headlines, the annual World Economic Forum in Davos, Switzerland, is playing host to a high-stakes drama: Who will emerge as the next chair of the U.S. Federal Reserve, and on what terms?

President Donald Trump is nearing an announcement on who should lead the Federal Reserve once Jerome Powell’s term ends in May, according to Treasury Secretary Scott Bessent, and speculation is growing that Trump could do so during his Davos address on Wednesday.