US EditionTrump Says Fed Chair Pick Kevin Warsh Could Drive More Than 15% Economic Growth - IBM (NYSE:IBM)
Trump claims nominee Kevin Warsh could drive US economic growth to 15%, despite potential Senate delays and conflicting views on Fed balance sheet reduction.
- On Feb 9, US President Donald Trump said Kevin Warsh could stoke the economy to grow at 15 per cent, and the full Fox Business interview is set to air on Feb 10.
- Trump backed Warsh because he sought a Fed chair who would lower interest rates and said Warsh is preferable to Jerome Powell ahead of midterm elections.
- Policy experts warn Kevin Warsh, nominee for Federal Reserve chair, that reducing the Fed's $6.6 trillion bond portfolio could raise mortgage rates, conflicting with housing goals.
- Senator Thom Tillis pledged to block Warsh's confirmation while the DOJ probe continues, and Mr Trump said `If it happens, it happens`.
- Analysts note that the US economy has only topped a 15 per cent‑plus growth rate a few times since the 1950s, while forecast to expand 2.4 per cent in 2026.
14 Articles
14 Articles
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Trump Says Fed Chair Pick Kevin Warsh Could Drive More Than 15% Economic Growth - IBM (NYSE:IBM)
President Donald Trump expressed confidence in his Federal Reserve chair nominee Kevin Warsh to potentially drive the U.S. economy to greater heights. In an interview with Fox Business on Monday, Trump stated that if Warsh “does the job that he's capable of, then we can grow at 15 per cent, I think more than that.” In the same interview, Trump acknowledged that his 2017 decision to pass over Warsh for Federal Reserve Chair was a "really big mis…
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