Greenland 'Framework' Reached, Trump on Fed Chair Pick, More
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News when you want it with Bloomberg News Now, I'm Doug Krisner. President Trump will refrain from imposing tariffs on goods from those European nations opposed to his effort to take possession of Greenland. Earlier today in a post on Truth Social, Trump cited a framework on a future deal reached with NATO. This followed a meeting with NATO Secretary General Mark Rutte at the World Economic Forum in Davos. Later in the day, Rutte explained the Greenland framework.
What are the details of President Trump's Greenland framework?
On Fox News, Rutte said the talks with Trump did not include Danish control of Greenland.
That issue did not come up anymore in my conversations tonight, Mr. President. He very much focused on what do we need to do to make sure that that huge Arctic region, where change is taking place at the moment, where the Chinese and Russians are more and more active, how we can protect that. That was really the focus of our discussions.
That is NATO Secretary General Mark Rutte speaking earlier on Fox News. President Trump's decision on a candidate to be the next Fed chair is near conclusion. The list includes finalists like BlackRock's Rick Reeder, NEC Director Kevin Hassett, Fed Governor Chris Waller, and former Fed Governor Kevin Warsh. Today, Treasury Secretary Scott Besson said the president would reach a decision next week. Trump talked about his process today with CNBC on the sidelines of the World Economic Forum in Davos.
I'd say 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. But I will say this is very impressive. Yeah, he's been there for a while. The betting markets have wars in the Rick is very good. They're all good. You know, all three are good. All three would be, I think, good.
Trump went on to suggest that Jay Powell would not enjoy his tenure if he did stay on the Fed's Board of Governors. Now, Powell's term as chair expires in May. However, he could remain on the board until January 2028. The Supreme Court seems wary of President Trump's effort to fire Fed Governor Lisa Cook over unproven allegations of mortgage fraud. Today, the high court heard arguments and Trump's own appointees were among the skeptics. Justice Brett Kavanaugh said the president's position would weaken, if not shatter, the independence of the Fed. We got reaction from former Fed vice chair Lael Brainard.
Well, look, I think what Justice Kavanaugh got to in his questioning, which is if a governor can be fired without any hearing, without any due process, without any real establishment of for cause, it really fundamentally means that the American economy is can be in for higher inflation, less credibility on the part of the central bank, because that is what central bank independence is so important.
That is former Fed Vice Chair Lael Brainard. Incidentally, the Supreme Court is set to issue a ruling in this case by July. We go to Texas next, where a jury has acquitted a former Uvalde schools police officer. Adrian Gonzalez had been charged with failing in his duty to confront a gunman during an attack at Robb Elementary in 2022. Here is his defense attorney, Jason Goss, speaking after the verdict.
There was a narrative out there, and frankly, with all due respect, it was a false narrative out there. And so the true monster in the situation was lost, and then it was all directed at Adrian. And so that was an uphill battle from day one.
The verdict came after about seven hours of deliberations following a three-week trial. On Thursday, U.S. Special Envoy Steve Witkoff and Trump's son-in-law Jared Kushner will be traveling to Russia. They are set to talk with President Vladimir Putin on the latest proposals for a peace plan to end the war in Ukraine. And at the same time, President Trump said he's planning to meet with Ukrainian President Volodymyr Zelensky on Thursday in Davos. Trump said he believes Ukraine and Russia are at a point where they can come together and get a deal done. Here is Witkoff speaking earlier to Bloomberg at the World Economic Forum in Davos.
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