Kellyanne Conway advises Trump to wait until "right after the midterms" if he's going to announce White House bid

Former President Donald Trump is "chomping at the bit" to announce his third presidential bid, his former counselor and campaign manager Kellyanne Conway says. But she has advised him to wait.

"My advice to the president privately is my advice to him publicly, which is, 'If you want to announce, wait until right after the midterms,'" she told CBS News' Catherine Herridge in an interview Friday.   

Asked whether she thought Trump would announce he's running, Conway retorted, "He would like to have done that already." She said she spent time with the former president this week, and she told Herridge that should he run, "I'll be a part of it."