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Trump likely to name Fed chair by early November

  • President Donald Trump has a pool of five candidates to choose from for the next chair of the Federal Reserve.
  • He is likely to announce his choice before going to Asia in early November.
  • Trump has an interview scheduled on Thursday with current Fed Chair Janet Yellen.
The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee, June 2, 2016 in Washington, DC.
Brooks Kraft | Getty Images
The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee, June 2, 2016 in Washington, DC.

President Donald Trump has five candidates to make his choice for the next chair of the Federal Reserve and is likely to announce his pick before going to Asia on Nov. 3, CNBC learned on Tuesday.

Trump has an interview scheduled on Thursday with current Fed Chair Janet Yellen, whose term expires in February. She is one of the five candidates, and her interview will be the last Trump conducts before making his decision.

The others include his chief economic adviser, Gary Cohn, along with former Fed Governor Kevin Warsh, Fed Governor Jerome Powell and Stanford University economist John Taylor.

CNBC's Eamon Javers and Reuters contributed to this report.