The Wall Street Journal: Trump's early announcement of Powell's successor may backfire.

Gate News bot message, in an article co-authored by Wall Street Journal reporter and “The Federal Reserve (FED) mouthpiece” Nick Timiraos and his colleague Brian Schwartz, it was mentioned that prematurely announcing the Federal Reserve chair nominee could have adverse effects for both Trump and the nominee.

This could put the incoming chair in an awkward position: if they openly criticize future colleagues at the Federal Reserve (whose support is crucial for their Senate confirmation), the market might see them as a mere sycophant catering to the president; whereas if they choose to defend the Federal Reserve’s policies, they could anger Trump and lose the position before officially taking office.