New Delhi, Dec. 16 -- US President Donald Trump is expected to announce his choice for the next Federal Reserve chair in early January, Treasury Secretary Scott Bessent said, with National Economic Director Kevin Hassett and former Fed Governor Kevin Warsh emerging as the top candidates.

Bessent told Fox Business on Tuesday (December 16) that there are "one or two more interviews this week" before a decision is made. "It's at the president's pace," he said. "He has been very, very deliberate," adding that Trump has been "very direct with the candidates in the interviews in terms of asking them their views on Fed policy, Fed structure, the way forward, the economy."

Trump previously indicated in a Wall Street Journal interview that Hasse...