According to BlockBeats, on April 27, former Federal Reserve Governor Kevin Walsh criticized the Federal Reserve for its excessive involvement in social issues, failing to hold lawmakers accountable for overspending.
Walsh advocated that the Federal Reserve should maintain a low profile, not frequently explain monetary policy, aligning with Trump's views to avoid leaders frequently sharing their latest thoughts.
Walsh pointed out that the Federal Reserve should not overly rely on economic data, emphasizing that data is lagging and subject to revisions. He believes the Federal Reserve should not disclose future interest rate trends and suggested that the central bank adapt to working in a no-applause environment.
Market speculation suggests that Walsh may be nominated by President Trump to succeed as Chairman of the Federal Reserve, as Powell's term will end next May.