Trump Clarifies ‘Mistake’ Comment, Reaffirms Kevin Warsh as ‘Perfect’ Fed Pick
WASHINGTON — President Donald Trump moved to solidify his support for Federal Reserve nominee Kevin Warsh on Tuesday, using a high-profile interview to praise his new pick while directing a viral “mistake” comment squarely at his previous appointment, Jerome Powell.
The clarification comes as social media platforms erupted with speculation following a released clip from a Fox Business interview. In the segment, President Trump was heard saying, “I made a mistake… it was a really big mistake,” a soundbite that quickly circulated with captions suggesting he had already regretted nominating Warsh.
However, the full context of the interview with Larry Kudlow reveals the President was reflecting on his 2017 decision to elevate Jerome Powell to the chairmanship, a move he attributed to pressure from then-Treasury Secretary Steven Mnuchin.
“My Secretary of the Treasury wanted him so badly, so badly,” Trump told Kudlow, referring to Powell. “And I didn’t feel good about him, but sometimes you listen to people, and it was a mistake, it was really a big mistake.”
Far from pulling Warsh’s nomination, the President doubled down on his choice, describing the former Fed Governor as “central casting” and a “high-quality person” capable of driving historic economic expansion. Trump went so far as to suggest that under Warsh’s leadership, the U.S. economy could arguably target a 15 percent growth rate—a figure that significantly exceeds current economic forecasts but underscores the President’s high expectations for his nominee.
“I think he is going to be great,” Trump said of Warsh. “If he does the job that he’s capable of… we can grow at 15 percent, I think more than that.”
The confusion online highlights the intense scrutiny surrounding the Federal Reserve nomination. Warsh, who served on the Fed board from 2006 to 2011, has been a vocal critic of the central bank’s recent policies, aligning him with the President’s desire for a shift in monetary direction. While Trump noted in the interview that he “would not have picked” Warsh if the nominee advocated for raising interest rates, he expressed confidence that Warsh understands the administration’s pro-growth agenda.
Market analysts, who had briefly paused on the rumors of a nomination withdrawal, have since refocused on the confirmation battle ahead. Despite the social media flurry, White House insiders confirm the administration is moving full steam ahead with Warsh, viewing him as the “perfect candidate” to replace Powell when his term expires in May 2026.
For now, the nomination stands firm, with the “mistake” firmly in the past tense.
* foxnews.com
* straitstimes.com
* futunn.com
* mishtalk.com
* washingtonpost.com
* youtube.com
