According to reports from the finance center, the question of who will take over as chair of the Federal Reserve remains unanswered. However, regardless of who takes the position, they may face serious doubts of being a 'Trump puppet.' Renowned journalist Nick Timiraos, writing for the Wall Street Journal, points out that Trump’s frequent attacks on current chairman Jerome Powell have severely undermined the Fed's independence. Even if he does not dismiss Powell, if he returns to the White House next year, the nominee for the position will struggle to escape market and public scrutiny, likely becoming the biggest victim in the Trump-Powell conflict.

Several former policy officials and economists assert that Trump’s demands for interest rate cuts and threats to replace the chair have significantly damaged the market's trust in the Fed. Regardless of how professional the future chair may be, they will inevitably face questions about whether they will align their interest rate policies with the whims of the White House. A former aide to the U.S. Treasury Secretary has even suggested that Trump’s tactics have dragged the Fed into a political quagmire, making it a challenging position for anyone taking the role.

While the chair of the Fed holds a significant position, they only possess one vote in the Federal Open Market Committee (FOMC), where reaching consensus with 12 regional presidents and 6 governors is no easy task. If Trump forces an extreme candidate into the position, it could complicate policy operations. Currently, potential candidates include former Fed governor Kevin Warsh and White House economic advisor Kevin Hassett, while current governor Waller has also been mentioned. However, irrespective of who is appointed, the new chair will likely face the unending question on their first day: 'Are you a Trump person?' This will be an enduring dilemma.