Market watchers are keeping close tabs on the Fed chair situation. Word is that a decision could come sooner than expected—either right before Davos or when things wrap up there. That timeline matters because it'll shape how investors position themselves heading into the rest of the year.

Meanwhile, there's been movement behind the scenes. Rick Rieder met with Trump yesterday, which has people speculating about what discussions took place and whether this plays into the Fed chair calculation.

As for the Hasset question—whether he'll end up at the Fed—Trump made it pretty clear this is his call to make. The president holds the authority here, and that's how these things work. His picks, his timeline, his prerogative.