Trump says 15% growth possible if Warsh becomes Fed Chair

U.S. President Donald Trump said that if his nominee for Federal Reserve Chair, Kevin Warsh, performs his duties well, economic growth could reach 15% or more, Bloomberg reported, citing a Fox Business interview. Trump described his appointment of current Chair Jerome Powell as a "big mistake," which he attributed to accepting a recommendation from Treasury Secretary Steven Mnuchin. However, Warsh's confirmation in the Senate is expected to be challenging. Republican Senator Thom Tillis has vowed to block the nomination as long as the Department of Justice continues its investigation into Powell and the Fed's building remodeling project. Trump appeared unconcerned by the potential hold-up, remarking that if the process is delayed, then it is delayed. The Fed's December 2025 forecast projected one rate cut in 2026, whereas the market expects two cuts this year.