Trump is already setting the tone for the next Fed chair before the job is even settled.
His latest remark was simple: if the new Federal Reserve chairman does not cut interest rates, he will be disappointed.
That matters because it shows the pressure is not only on who leads the Fed next, but also on what kind of policy direction Trump expects from that person. The message is clear — he wants lower rates, and he is not hiding that.
For the market, this keeps the focus on one thing:
the next Fed leadership story is becoming just as political as it is monetary.