Trump said that he nominated the new chairman of the Federal Reserve, Powell, could bring the US economic growth rate to 15%.

Trump said that his chosen Federal Reserve Chairman is expected to stimulate economic growth to reach 15%, which is an extremely optimistic target, but also highlights the pressure that Kevin Warsh will face if confirmed. Trump said in an interview with Fox Business Channel that Warsh was his "second choice" when he last selected the Federal Reserve Chairman, and said that choosing Jerome Powell was a huge mistake. "If Warsh can do the job he is capable of, then we can grow by 15%, and I think even higher." Trump said in a video aired on Monday to host Larry Kudlow, "I think he will be outstanding, he is a very excellent person." Larry Kudlow previously served as a senior assistant in Trump's first term.