Trump plans to announce Powell's successor months in advance, and the candidate pool has been narrowed down to five finalists

US President Trump indicated on Monday that he may announce his nominee to succeed Federal Reserve Chairman Jerome Powell before the end of the year. Powell's term ends in May, and the field has narrowed to five finalists. Treasury Secretary Bensoner plans to conduct a second round of interviews with the current slate next month and then submit a narrowed list to the president for his consideration.