WASHINGTON – US President Donald Trump said his pick to lead the Federal Reserve can stoke the economy to grow at a rate of 15 per cent, an exceedingly rosy target that nonetheless underscores the pressure that Mr Kevin Warsh will face if confirmed to the role.
Mr Trump, speaking in an interview with Fox Business, said
Mr Warsh was the “runner-up” in his last search
and that it was a big mistake to pick Fed chair Jerome Powell.
If Mr Warsh “does the job that he’s capable” of, then “we can grow at 15 per cent, I think more than that,” Mr Trump told host Larry Kudlow, who was a senior aide in the president’s first administration, in a clip aired on Feb 9.
“I think he is going to be great, and he’s a really high quality person.”
It was not fully clear if Mr Trump was referring to year-over-year growth or some other metric.
The US economy, which is seen expanding 2.4…
