New Delhi, June 27 -- US President Donald Trump has said that he will announce a successor to Federal Reserve Chairman Jerome Powell as early as this summer even as the Fed chair's tenure is set to be over next May.

A Wall Street Journal report on Wednesday said that Trump could name the next Fed chair by September or October, or as early as this summer.

With Powell having nearly 11 months left until the end of his term, Trump remains frustrated as he continues to criticise the Fed chair's move of not cutting interest rates despite muted inflation.

However, announcing the name of the next Fed chair this far in advance would be a surprising development in the 111-year history of the US.

At the White House on Wednesday, National Economi...