Popular candidate for the new Federal Reserve chairman, Warsh, supports Trump and claims that the central bank has lost credibility by refusing to lower interest rates.

One of the popular candidates to succeed former Federal Reserve Director and Chairman Jerome Powell, Kevin Wash, stated that the central bank's unwillingness to cut interest rates is damaging its credibility, and President Donald Trump's public push for policy relaxation is the right move. Wash also stated that he believes in the independence of the Federal Reserve, but continuity is the last thing the US central bank needs. Wash stated that the Federal Reserve is facing a "credibility crisis," citing DEI and "fully inclusive employment" as key mistakes.