2WAY Tonight with Mark Halperin Trump Doesn't Call on Kristi Noem at Cabinet Meeting; Minneapolis Mayor Frey Slams Stephen Miller
Jan 29, 2026
David Carlucci, former New York state senator and Democratic politician, offers state and national perspective. Elizabeth Pipko, GOP communications strategist and former Trump adviser, provides Republican commentary. They discuss the Fed shortlist and likely pick. They debate Minnesota protests, ICE language, cabinet meeting surprises, and the president’s reported diplomacy with Russia.
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Fed Search Narrowed To Final Four
- Scott Bessett led a Fed search balancing market credibility and Trump's trust but found no candidate fitting both criteria.
- Mark Halperin reports door number five (Judy Shelton) was considered but the final pick will come from the four finalists.
Evaluate Fed Picks By Two Metrics
- Watch for both market credibility and presidential trust when evaluating Fed nominees.
- Treat opposition research and White House preferences as decisive signals in personnel forecasts.
Warsh Emerges As Leading Contender
- Halperin concluded the search for a surprise fifth candidate is over and the president will likely choose from the four finalists.
- He tentatively favored Kevin Warsh as the most likely pick based on reporting and opposition research dynamics.