Greenland, Iran, Fed, credit cards, homes
U.S. President Donald Trump reacts as he leaves the congress centre during the World Economic Forum (WEF) annual meeting in Davos on Jan. 21, 2026.
Fabrice Coffrini | AFP | Getty Images
President Donald Trump on Wednesday gave an interview to CNBC’s Joe Kernen on the sidelines of the World Economic Forum in Davos, Switzerland.
The conversation came hours after Trump addressed foreign leaders and business executives in Davos, and shortly after he made headlines by announcing he had “formed the framework of a future deal with respect to Greenland,” the Danish-owned island that he had insisted must belong to the United States.
Here are the five top five takeaways from Trump’s interview:
1. Greenland deal will last ‘forever’
Trump told CNBC that he struck a “concept of a deal” on Greenland after meeting with North Atlantic Treaty Organization Secretary General Mark Rutte on Wednesday.
Trump, in announcing on Truth Social that a framework was now in place, also said that tariffs he announced last week on imports from European countries that opposed a U.S. takeover of Greenland would not take effect.
President Donald Trump speaks with CNBC’s Joe Kernen at the World Economic Forum in Davos, Switzerland on Jan. 21, 2026.
CNBC
“I think it’s going to be a very good deal for the United States, also for them, and we’re going to work together on something having to do with the Arctic as a whole, but also Greenland, and it has to do with the security … and other things,” Trump said.
“They’re going to be involved in the Golden Dome, and they’re going to be involved in mineral rights, and so are we.”
Trump said the framework around Greenland will last “forever.”
2. The next Fed chair may have already been picked
Trump said he may have made his pick for the next chair of the Federal Reserve — but declined to identify that person.
“I’d say we’re down to three, but we’re down to two,” he said.
“And I probably can tell you, we’re down to maybe one, in my mind,” Trump said.
Former Fed Governor Kevin Warsh, current Governor Christopher Waller, National Economic Council chief Kevin Hassett, and BlackRock fixed income head Rick Rieder are all in the mix for the position.
Current Fed Chair Jerome Powell’s term ends in May. Powell recently revealed he was under investigation by the Justice Department in connection with the costly renovation of the Federal Reserve headquarters in Washington, D.C.
Sen. Thom Tillis, R-N.C., has threatened to block any Fed nominee until Powell’s investigation is over.
“I don’t know about Thom Tillis, but you know, he’s not going to be a senator too much longer,” Trump said. “Whatever, I mean, whatever it is, you know, life, whatever.”
3. Trump loves a strict credit card rate cap
The president doubled down on his proposal to cap credit card interest at 10% for one year, while acknowledging that the idea “sounds like” something proposed by New York Mayor Zohran Mamdani, a self-described democratic socialist.
“I love…
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