US Treasury Secretary Bessent says for Governor Bowman, the best use is her existing job; Rieder was in with Trump yesterday

• Expect the Fed chair decision before Davos or upon return.

The comments from Treasury Secretary Bessent regarding Governor Bowman's role suggest stability in the Fed's leadership, which could be interpreted as a dovish signal if the market had been anticipating a shift. The mention of the Fed chair decision expected before or after Davos implies that key market players should prepare for potential policy developments that may influence trading in USD and interest rates, especially related to ongoing discussions about inflation and growth expectations.