Analysis: One of the most likely times for Trump to officially announce Powell's successor is this week's FOMC meeting.

DeepFlowTech · 2026-01-27T09:22:57+00:00

Trump has confirmed the new nominee for Federal Reserve Chair and will announce it at the Davos Forum. Analysts predict that the official announcement may take place during the FOMC meeting on January 31. Market reactions to the candidate vary, with some viewed as dovish and others as hawkish.

DeepFlowTech

2026-01-27 09:22:57

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Deep Tide TechFlow News, January 27th, according to Jinshi Data, reports that U.S. President Trump has announced he has a preferred candidate for the new Federal Reserve Chair and stated at the Davos Forum that he will announce it “in the near future.” U.S. Treasury Secretary Yellen confirmed that Trump indicated the announcement could come “as early as the week of January 26th” (i.e., this week).

Wolfe Research pointed out that a specific time window is particularly prominent. Analyst Stephanie Roth said that the most likely 90-minute window for the official announcement of this candidate is during the Federal Open Market Committee (FOMC) meeting in January. Wolfe Research noted that this timing makes sense, “especially if Trump wants to shift market attention away from the Fed, which has not yet cut rates.” Roth wrote in the report that the announcement “could happen as early as this week or be announced in the coming weeks,” and pointed out that the Federal Reserve Board member Milan’s seat will be filled by January 31st. Wolfe Research believes that logically, Trump’s nominee “will fill this vacancy before the March FOMC meeting—especially considering the risk that Powell might continue to serve on the Fed Board after his term ends.”

The firm also analyzed market reactions to several popular candidates, believing that the market views BlackRock executive Rick Rieder and White House advisor Kevin Hassett as relatively dovish candidates, while Federal Reserve Board member Christopher Waller and former Fed Board member Kevin Warsh are more hawkish.

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