Trump Hopes Fed Nominee Warsh Can Drive U.S. Growth to 15% Annually: FOMC Outlook

[Para 1: The Lead] President Donald Trump has placed high expectations on Kevin Warsh, his nominee to lead the Federal Reserve, urging him to drive U.S. annual economic growth to 15% or higher. [Para 2: Supporting details & Context] Speaking in a Fox Business interview aired February 10, 2026, Trump said Warsh’s leadership could enable such expansion, citing pressure to lower interest rates and reverse the Federal Open Market Committee’s 2017 approach under Jerome Powell. Most investors anticipate two interest rate cuts this year. In January, Fed policymakers paused further rate cuts, citing a solid labor market and low unemployment, though concerns about persistent inflation and a softening labor market remain. At Amazon, thousands of layoffs continue, reflecting broader macroeconomic uncertainties.