President Donald Trump is setting extremely high expectations for his Federal Reserve nominee, Kevin Warsh. In a recent interview, Trump suggested the U.S. economy could grow as much as 15% if Warsh delivers in the role — a target far above historical norms.
The comments highlight just how much political and market pressure could be placed on the next Fed chair. With growth typically hovering around 2–3% annually, a 15% expansion would be extraordinary and would likely come with serious inflation considerations.
Warsh’s confirmation process may also face political hurdles, adding another layer of uncertainty at a time when investors are already watching interest rate policy closely.
All of this suggests the next chapter for the Federal Reserve could be one of the most politically charged in decades.