New Delhi, Jan. 24 -- The search for a new Fed chair is nearing its end, with US President Donald Trump expected to announce a successor of Jerome Powell in the coming weeks.

Powell's term as Federal Reserve chairman will end in May, but he is not obligated to leave the Washington-based Board of Governors until 2028, news agency Reuters reported.

The high-stakes search also comes at a time when the Fed chair is at the center of a criminal investigation related to his June testimony before Congress about the costs of a Federal reserve building renovation - an inquiry that Powell has publicly denounced as politically motivated pressure over the Fed's refusal to cut interest rates.

Whoever Trump ends up choosing, the nominee's name would ...