US President Trump expects Warsh to go down as a great Fed Chair; nobody better to lead the Fed than Warsh
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Warsh has deepest respect for the Fed. Warsh to lead Fed starting today. Want Warsh to be totally independent, and do a great job. Tells Warsh, don't look at me, do your own thing. Warsh spoke about need of restoring Fed integrity. Warsh will restore confidence in the Fed. Fed will make its own decisions. Warsh knows that when economy is booming, that is good. Grow its way out of debt. Want to stop inflation, but not stop greatness. Do not want to stop economic growth. Economic growth doesn't mean inflation. Warsh to bring reform to the Fed and will bring modernisation. Warsh will curtail Fed practice of forward guidance. Warsh to act on forward guidance.
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