The Globe and Mail reports in its Thursday edition that President Donald Trump plans to nominate Jerome Powell's successor soon, despite Mr. Powell's term not ending for nearly a year. A Reuters dispatch to The Globe reports that investors are wary of the potential market risks. Mr. Trump has expressed dissatisfaction with Mr. Powell and the Fed for not lowering interest rates since he began his second term. While he previously hinted at firing Mr. Powell, recent court rulings eased those concerns. A move on the next Fed chair is expected shortly. Such news, well before Mr. Powell's term ends on May, 2026, could cause unease in markets, investors said. The potential for a "shadow" Fed chair who offers potentially clashing views with the sitting central bank leader on monetary policy could sow confusion. Any choice deemed as being under Mr. Trump's thumb would alarm Wall Street, given the broad sentiment that an independent Fed is critical to its ability to function properly. AllianceBernstein economist Eric Winograd says: "Whomever is appointed, the key thing to monitor is whether they are perceived as being a political appointee. And by that, I mean someone whose views change with the whims of the president."