Federal Reserve news

US President Trump says in a Fox Business taped interview that the US economy can grow at 15% if Fed nominee Walsh does a job that he's capable of

Newsquawk Staff ·

US President Trump says in a Fox Business taped interview that the US economy can grow at 15% if Fed nominee Walsh does a job that he's capable of.

What it means

Trump's assertion about the potential for 15% economic growth under Fed nominee Walsh suggests a hawkish stance towards monetary policy if confirmed. This optimism may shift market expectations regarding future rate hikes, especially if investors perceive a more aggressive Fed stance enhancing economic momentum. The outlook could affect risk appetite across equities and currency pairs, particularly USD and GBP, as markets digest the implications for growth and inflation.

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