Bloomberg News Now January 23, 2026: Major Winter Storm, Rieder’s Market Support for Chair Job, More
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Jan 24, 2026 Craig Allen, a meteorologist who tracks Northeast storms, breaks down timing and snow, sleet and ice risks across the D.C. to Boston corridor. He describes snowfall amounts, sleet threats and travel and power disruption hazards. Short, clear forecasts and timing for when impacts will hit.
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Nationwide Major Winter Storm
- A massive winter storm will span about 1,500 miles and push snow and sub-zero wind chills from the Rockies to the Northeast.
- Meteorologist Craig Allen warns 6–12 inches from D.C. to Boston with heavier totals inland and sleet/ice nearer the coast.
Prepare For Rapid Snow And Disruption
- Expect rapid accumulation overnight with snow starting around midnight in the D.C.-Baltimore area and reaching New York by Sunday morning.
- Prepare for travel disruption and potential power outages as the storm lingers into Monday in many cities.
Rieder Gains Traction For Fed Chair
- Rick Rieder's Wall Street background and openness to Fed changes have strengthened his bid for Fed chair.
- Market participants reacted positively as the administration solicited investor views on the shortlist.