President Trump hopes the Fed Chair candidate can boost the US economy growth by 15%

President Donald Trump stated that his candidate for Federal Reserve Chairman, Kevin Warsh, could help the U.S. economy grow at an exceptional rate of up to 15%, reflecting highly ambitious political and economic expectations surrounding this nomination. In an interview with Fox Business’s Larry Kudlow, Trump called Warsh the “second-place candidate” in his previous search for Fed Chair and considered the appointment of incumbent Jerome Powell a mistake.

Trump expressed confidence that, if confirmed by the Senate, Warsh could significantly accelerate growth, though he did not specify whether the 15% figure was annual or based on another metric. Economists note that this increase far exceeds historical norms, as the U.S. economy typically grows around 2–3% per year. Trump’s remarks indicate a priority on promoting growth and maintaining low interest rates at the Fed, amid potential hurdles in the Senate due to political tensions and concerns over inflation and the central bank’s independence.