Trump may announce the new Federal Reserve chairman before the end of January, and the United States may not have taken the potential trade war with the European Union seriously BlockBeats News: On January 20th, US Treasury Secretary Vicente expressed skepticism about the EU's ability to quickly respond strongly to Trump's "Greenland tariffs". He predicted that instead of taking swift action, the EU is more likely to establish a so-called 'terrible European working group'. Besent hinted that the decision-making efficiency of this group of 27 member countries is low, which will hinder its organization from effectively counterattacking or quickly using its strongest trade tool - the so-called 'anti coercion tool'. Bessent, who is attending the World Economic Forum in Davos, Switzerland, sarcastically told a small group of journalists, "I think they will first establish that 'terrible European working group', which seems to be their most powerful weapon." This statement indicates that Washington has not taken seriously the possibility of the European Union using its strongest trade weapon, which, once activated, could restrict American companies from entering the EU single market. On other issues, Besant stated that the candidate for the next Federal Reserve Chair is unlikely to be announced during Trump's visit to Switzerland. I think it will be next week, "Besent said, implying that the government plans to announce this decision before the end of January.