There is “a very good chance” that President Trump names a replacement for Fed Chair Jerome Powell by Christmas, Treasury Secretary Scott Bessent said Tuesday.

Bessent, who has been leading search efforts for a new Fed leader, told CNBC he still has one interview left and is not ready to speculate on who might succeed Powell, whom Trump has said he’d “love” to fire.

“I think there’s a very good chance that the president will make an announcement before Christmas,” said the Treasury secretary.

“But it’s [Trump’s] prerogative, whether it’s before the Christmas holidays or in the new year. But I think things are moving along very well.”

Finalists for the role reportedly include National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh, current Fed Governors Chris

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