U.S. Treasury yields were lower Monday as market watchers continued to weigh President Donald Trump naming Kevin Warsh as his pick for the next Fed chair.

Trump’s pick follows his attacks on current Fed Chair Jerome Powell, who this week paused cuts to interest rates despite pressure from the president.

Investors see the former Fed governor as a credible steward of monetary policy despite expectations he may push for lower rates.

U.S. Treasury yields were lower Monday as market watchers continued to weigh President Donald Trump naming Kevin Warsh as his pick for the next Fed chair.