President Donald Trump is set to replace outgoing Federal Reserve Chairman Jerome Powell when his term ends next year. But that doesn’t mean interest rates will come down right away, as Trump might want.

Bank of America indicated in a note that Powell would be in “no hurry” to cut rates in June, though disagreements among Fed staff “may start a trend of more frequent dissents” and a “more divided Fed may raise risks of a less consensus and more contentious institution.”