Tim Doescher of Unleash Prosperity called Kevin Warsh a superb choice for Fed chair.
Doescher also called him battle tested.
"He is proven, he worked at the Fed, he went up against a lot of his colleagues who were saying 'Hey, we need quantitative easing' in 2009, 2010, when we were just printing money left and right. Kevin Warsh stood up and said this is wrong, and here's a very detailed, accurate economic reason for not doing it," said Doescher. "So, if there is one person who is well-suited to sit in front of the senate and be confirmed, it is Kevin Warsh."
Doescher said it has become apparent that current Fed chair Jerome Powell does not get the type of economic policy that President Trump is pushing.
"When President Trump says 'we're going to cut taxes, we're going to do new trade deals, we're going to do all these things,' you have Jerome Powell saying 'Well, you know, we have to be very careful' and 'we can't cut rates this way' or 'we can't do this, we have to wait and see how this works out,'" said Doescher. "The funny thing is he did not say that when President Biden had inflation sky-high in 2022 and 2023. He actually cut the rates in an election year as a way of helping out Biden and Harris."
With Warsh, Doescher said we have someone who "rejects the left-wing Keynesian economic ideas that Powell was espousing" and actually have a partner in President Trump to help grow this economy, help bring more money in people's paychecks, and more prosperity to the American people.”
President Trump nominated Powell in 2017. In recent months, Trump criticized Powell during speeches, interviews, and on social media for not lowering interest rates. Trump also bashed Powell for renovation costs on the Fed building.
