Director of White House International Economic Council: Trump will take "a few more months" to select the new chair of the Federal Reserve.

Kevin Hassett, director of the White House National Economic Council, said that it will take several months for US President Donald Trump to decide who will replace Jerome Powell as chair of the Federal Reserve. "I would think it would be a few months before the president makes a decision," Hassett said in an interview on Monday, noting that Treasury Secretary Steven Mnuchin is "responsible for conducting a thorough search process. He and the president are interviewing many very qualified candidates."