From Quartz.

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Former President Donald Trump said Federal Reserve nominee Kevin Warsh could help drive U.S. growth to 15% in a Fox Business interview airing Tuesday, highlighting pressure on future interest-rate decisions.

Trump praised Kevin Warsh as “a really high-quality person” and suggested the Federal Reserve could oversee U.S. economic growth far above recent trends, without specifying a timeframe. Investors currently expect two rate cuts this year after policymakers kept rates steady in January.

The Congressional Budget Office projects about 1.9% growth in 2026, with a similar pace expected through the remainder of Trump’s second term. Trump previously clashed with Jerome Powell after appointing him in 2017, criticizing him for preserving the Fed’s independence. The backdrop includes solid growth, low unemployment, lingering inflation concerns, and continued layoffs at companies such as Amazon. #kevinwarsh #usgrowth #federalreserve #trump #interestrates

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