Alex Ossola

For more on where the contest to succeed him stands, I'm joined now by WSJ Chief Economics Correspondent Nick Timoros.

So, Nick, at certain points towards the end of last year, Hassett seemed like maybe the frontrunner.

Today we hear from Trump, maybe that's not true anymore.

Where does that leave the other Kevin in the running, former Fed Governor Kevin Warsh?

And how up in the air is this decision?

Are the other candidates still serious contenders?

There was Fed Governor Christopher Waller and BlackRock Executive Rick Reeder.

You write that the criminal investigation into Powell has thrown a twist into the search for his replacement.

What are the issues that have come up on Capitol Hill?

And how does this jostling over who the Fed chair may be affect perceptions of interest rate decisions?

That was WSJ Chief Economics Correspondent Nick Timoros.

Thanks, Nick.

In other news from the White House today, President Trump will issue a plan next week for letting Americans tap their 401k retirement accounts for a down payment on a home.

That's according to Kevin Hassett, who we were just talking about, who was speaking on Fox Business today.

It's the latest affordability proposal floated by the White House.

Right now, first-time homebuyers who were under age 59 and a half can take up to $10,000 out of their IRAs without a penalty, though there are different rules for other retirement accounts.

It's not clear how Trump's new plan would be different from existing options.

Turning to foreign affairs, President Trump threatened to impose tariffs on countries that oppose his efforts to take control of Greenland.

He discussed it during that same health care event at the White House this morning.

Trump said that owning Greenland is vital for America's national security, and the White House hasn't ruled out using force to take the Danish territory.