New Delhi, Jan. 22 -- US President Donald Trump on Wednesday indicated that he is narrowing down on his choice of the next Chairperson of the Federal Reserve who will replace current Fed Chair Jerome Powell.

In an interview with CNBC on the sidelines of the World Economic Forum 2026, in Davos, Switzerland, Trump hinted that he has a candidate in mind who may succeed Powell.

The search for the next Fed Chair that began in September and included as many as 11 candidates at one point is nearing its end, Trump told the TV channel.

"I'd say we're down to three, but we're down to two. And I probably can tell you, we're down to maybe one, in my mind," Trump told CNBC.

However, he refrained from naming that one candidate who will possibly bec...