The Wall Street Journal: If Trump announces Powell's successor early, it may backfire.

On June 26, Jin10 reported that Wall Street Journal reporters, “The Federal Reserve (FED) mouthpiece” Nick Timiraos and his colleague Brian Schwartz mentioned in a joint article that the early announcement of the Federal Reserve chair nominee could have adverse effects for both Trump and the nominee. This may place the incoming chair in an awkward position: if they publicly criticize colleagues they will be working with at the Federal Reserve (whose support is crucial for their Senate confirmation), the market might view them as a mere sycophant catering to the president; whereas if they choose to defend the Federal Reserve’s policies, they could irritate Trump and lose the position before officially taking office.