Even if the new Fed Chair intends to cut interest rates as desired by President Trump, it would still be very difficult to do so in the face of an increasingly hawkish Federal Open Market Committee (FOMC) right now.

Although Kevin Warsh said he supports a different, uncompromising approach, with more room for disagreement, and is willing to surprise financial markets with policy decisions not constrained by the forward guidance typically used in recent years to prepare the public.

However, according to analysts, whether global investors are ready for that approach remains an open question.