Treasury Secretary Scott Bessent: 'Very good chance' Trump names new Fed chair before Christmas

US-China Trade Relations - US President Trump to visit Beijing in April following a phone call with Chinese President Xi [1] - Discussions between the two presidents included China's agreement to purchase US soybeans and the US lowering tariffs on China [1] - China is on schedule to purchase a minimum of 875 million metric tons (875 x 10^6 metric tons) of soybeans over the next three and a half years [3] - The US position on Taiwan remains unchanged [4] - Both US and China agreed to work together on the Ukraine conflict [5] - Four meetings are planned between the leaders during the year, which is expected to give the relationship great stability [7] Federal Reserve Chair Selection - The President is expected to select a new Fed Chair [8] - The Treasury Secretary has conducted a second round of interviews with five strong candidates [9][10] - The criteria for the Fed Chair selection has evolved to include a focus on the interplay between monetary policy, the balance sheet, and regulatory policy [10][11] - The President may make an announcement before Christmas [12]