Economists: The sooner Trump announces Powell's successor, the harder it will be for this person to take over

ChainCatcher news, according to Jinshi Data, U.S. economist and policy advisor Douglas Rediker commented on the news regarding Trump's consideration of appointing the next Federal Reserve chairman early, stating that the sooner Trump announces his preferred candidate for the Fed chair, the more likely that person will become a target of criticism and the less likely they are to actually succeed Powell. Since taking office, Trump has repeatedly criticized Powell for being too slow to cut rates, calling him "Mr. Too Late."