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Bloomberg News Now

Trump Hesistant on Hassett as Fed Chair, Greenland Tariffs, More

16 Jan 2026

Transcription

Chapter 1: What is the main topic discussed in this episode?

0.031 - 8.024 Karen Moskow

Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed. Hi, I'm Karen Moskow.

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8.204 - 21.465 Nathan Hager

And I'm Nathan Hager. Each morning, we're up early putting together the latest episode of Bloomberg Daybreak U.S. Edition. It's your daily 15-minute podcast on the latest in global news, politics, and international relations.

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21.445 - 27.952 Karen Moskow

Listen to the Bloomberg Daybreak U.S. Edition podcast each morning for the stories that matter with the context you need.

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28.213 - 31.708 Nathan Hager

Find us on Apple, Spotify, or anywhere you listen.

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33.511 - 43.063 Monica Ricks

News when you want it with Bloomberg News Now. I'm Monica Ricks. President Trump expressed some reluctance today in nominating Kevin Hassett as his next Federal Reserve chair.

43.324 - 45.747 Nathan Hager

I actually want to keep you where you are if you want to know the truth.

45.967 - 63.811 Monica Ricks

Trump says if Hassett were to leave his post as director of the National Economic Council, it would deprive the administration of one of its most powerful messengers on the economy. Kevin Hassett is so good. I'm saying, wait a minute. If I move him, these Fed guys, certainly the one we have now, they don't talk much. I would lose you. It's a serious concern to me.

64.051 - 74.346 Monica Ricks

Hassett has been a top contender to succeed Fed Chair Jerome Powell. But Trump's effort to fill Fed vacancies is already facing some roadblocks in the Senate. Bloomberg's Stuart Paul explains why.

74.386 - 93.458 Stuart Paul

Earlier this week, we saw Senator Tom Tillis, one of the members of the Senate Banking Committee. say that he would not consider any nomination to the Fed from the president until the entire DOJ probe of Chairman Powell and the Federal Reserve is brought to a conclusion. Now, Tillis is an important member of the Senate Banking Committee.

Chapter 2: Why is Trump hesitant to nominate Kevin Hassett as Fed Chair?

142.54 - 158.681 Monica Ricks

I may put a tariff on countries if they don't go along with Greenland because we need Greenland for national security. But a bipartisan group of U.S. lawmakers is in Denmark today to reassure Danes that Congress is opposed to Trump's threat to seize the territory. Republican Senator Lisa Murkowski of Alaska is among them.

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158.782 - 181.972 Lisa Murkowski

When it comes to matters of relationships with our friends, with our allies, as we have here in Denmark, as we have... in Greenland, that it is not a subject of Republicans versus Democrats. It is a recognition, again, of a strong and a continuing relationship over decades.

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182.193 - 201.074 Monica Ricks

Murkowski speaking to reporters after meeting with leaders in Copenhagen today. The territory is part of Denmark, which is a NATO ally, and several European countries have already sent military staff to Greenland to defend it. President Trump says he's holding off on attacks in Iran as its most extensive Internet blackout on record continues.

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201.515 - 203.898 Monica Ricks

Bloomberg's Tyler Kendall has more on that from Washington.

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204.118 - 224.286 Unknown

It depends who you talk to on Capitol Hill, but we have definitely heard from some perhaps more hawkish members. Senator Lindsey Graham, who yesterday told reporters that he would prefer a bigger strike compared to targeted strikes and to take this opportunity to capitalize on what has been this perhaps more interventionist sense from the Trump administration on the heels of

224.266 - 231.078 Unknown

of what happened last week in Venezuela with the capture of Nicolas Maduro and also President Trump's ramped up rhetoric when it comes to Greenland.

231.198 - 238.452 Monica Ricks

Bloomberg's Tyler Kendall reports the blackout in Iran has lasted eight days now. About 3,500 people there have reportedly been killed.

241.417 - 241.537 Lisa Murkowski

Shame!

241.557 - 241.898 Monica Ricks

Shame!

Chapter 3: What challenges are Trump’s Fed nominations facing in the Senate?

339.303 - 352.607 Erica Herskowitz

The frenzy? Driven by a large local alumni base and a chance to see Indiana's Heisman Trophy winning quarterback Fernando Mendoza play in front of his hometown crowd. Erica Herskowitz, Bloomberg Radio. That's news when you want it with Bloomberg News Now.

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352.968 - 355.793 Monica Ricks

I'm Monica Ricks and this is Bloomberg.

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358.928 - 380.041 Unknown

At Davos, the world's leaders, thinkers, and innovators come to talk behind closed doors. But at Bloomberg House, they take their message to the world. Our journalists and headline speakers will explore the ideas reshaping our world, from AI's accelerating impact, shifting markets, and the future of work, to sustainability and the transformation's redefining economies. Don't miss it.

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380.382 - 386.151 Unknown

Join us in person or register for the live stream. Visit BloombergLive.com forward slash Davos.

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389.202 - 394.709 Nathan Hager

I'm Carol Masser. And I'm Tim Stenevek, inviting you to join us for the Bloomberg Businessweek Daily Podcast.

394.729 - 399.394 Unknown

Now, every day we are bringing you reporting from the magazine that helps global leaders stay ahead.

399.454 - 403.799 Nathan Hager

We've got insight on the people, the companies and trends that are shaping today's complex economy.

403.9 - 418.517 Unknown

That's right, Tim. We're all over global business, finance, tech news, all as it is happening in real time. And we've got complete coverage of the U.S. market close. Got to say, basically, if it impacts financial markets, if it impacts companies, if it's impacting trends and narratives that are out there, we are on it.

418.497 - 425.972 Nathan Hager

We also have a lot of fun doing it. Bloomberg Businessweek also brings you the analysis behind the headlines through conversations with our expert guests.

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