Trump’s “Big Mistake” Sparks Viral Confusion—What He Really Meant About Kevin Warsh
Trump's comment about a "big mistake" caused confusion, referring to not nominating Kevin Warsh for Fed Chair in 2017, not a current regret.Summary
President Donald Trump generated viral confusion after stating he made a "big mistake" during a Fox Business interview. In context, Trump was referring to his 2017 decision to choose Jerome Powell over Kevin Warsh as the Federal Reserve Chair runner-up, a choice he now attributes to advice from then-Treasury Secretary Steven Mnuchin. Trump clarified he views Warsh as a "high-quality person" and praised his potential, even claiming Warsh could drive US economic growth to 15% if confirmed. This ambitious projection has led to speculation about the pressure Warsh would face. Analysts interpreted Trump's enthusiasm for Warsh as a signal that the next Fed leadership would favor lower interest rates and stronger liquidity, potentially boosting risk assets like Bitcoin. Despite social media speculation about other nominees, market odds heavily favor Warsh, and fact-checking efforts are clarifying that the "mistake" was historical, not current.
(Source：BeInCrypto)