Trump's next Fed chair pick already comes with a credibility problem

1. Trump considers naming a 'shadow chair' for the Fed, increasing market uncertainty. 2. Investors worry about potential loss of Fed independence affecting monetary policy decisions. 3. Rate cuts of 2% may raise inflation fears, impacting Treasury yields and stocks. 4. Current Fed chair Powell's credibility could be undermined by Trump's influence. 5. Markets await insights from the upcoming FOMC minutes release.