Trump nominates Kevin Wash as Federal Reserve Chair, stating he has the ability to drive U.S. economic growth to 15%. This goal is seen as overly optimistic and faces political and policy pressures. Trump said that a loose monetary policy is necessary; otherwise, he would not choose Wash. This statement shows his disregard for inflation risks, as economic growth and inflation are usually positively correlated.
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Trump nominates Kevin Wash as Federal Reserve Chair, stating he has the ability to drive U.S. economic growth to 15%. This goal is seen as overly optimistic and faces political and policy pressures. Trump said that a loose monetary policy is necessary; otherwise, he would not choose Wash. This statement shows his disregard for inflation risks, as economic growth and inflation are usually positively correlated.