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Trump's early announcement of the Federal Reserve (FED) chair nominee may backfire.
[Coin World][Economist: The sooner Trump announces Powell's successor, the harder it will be for this person to take office] American economist and policy advisor Douglas Rediker commented on the news that Trump is considering appointing the next Federal Reserve Chairman early, stating that the sooner Trump announces his preferred candidate for Fed Chair, the more this person will become a target, and the less likely they are to truly succeed Powell. Since taking office, Trump has repeatedly criticized Powell for being too slow to cut interest rates, calling him "Mr. Too Late."