President Trump said Monday he is “very, very close” to choosing his nominee for chairman of the Federal Reserve. 
 
Trump responded to a question from a reporter during a meeting with Singapore Prime Minister Lee Hsien Loong in the Oval Office. He did not elaborate on his timeline or discuss whom he will pick to lead the central bank. 

The president said in a recent interview with the Fox Business Network he is considering Federal Reserve Governor Jerome Powell, Stanford University economist John Taylor and Janet Yellen, the current Fed chair. 
 
Yellen’s term expires in February.