New Delhi, Nov. 25 -- Days after Donald Trump said that he thinks he already knows his choice for the next Fed chair, Treasury Secretary Scott Bessent said on Tuesday that there was a very good chance that the US President would announce a new chairman of the Federal Reserve before Christmas.

The term of current Fed chair Jerome Powell ends in May.

In an interview with CNBC International, Bessent said, "So we're going to have the last interview in the second round today. We got five very strong candidates."

"But it's his prerogative, whether it's before the Christmas holidays or in the new year. But I think things are moving along very well," added Bessent.

The US Treasury Secretary also envisions a different role for the Fed.

"I thi...