Wall Street Journal: If Trump announces Powell's successor ahead of schedule, it may backfire

BlockBeats News: On June 26th, Wall Street Journal reporter and Federal Reserve mouthpiece Nick Timiraos and his colleague Brian Schwartz mentioned in a joint article that early announcement of the Federal Reserve chairman candidate would have adverse effects on both Trump and the nominee. This may put the incoming chairman in an awkward position: if he publicly criticizes colleagues who will work at the Federal Reserve in the future (whose support is crucial for his Senate appointment), the market may see him as a flatterer who blindly caters to the president; If one chooses to defend the policies of the Federal Reserve, it may anger Trump and result in losing the position before officially taking office. (Golden Ten)