"Shadow Fed Chair" Walsh: If participating in next week's FOMC vote, will support Fed rate cut
"Shadow Fed Chair" and former Fed governor, popular candidate for the next Fed chair, Walsh: Ready to take office, depending on President Trump. If participating in next week's FOMC vote, will support the Fed rate cut. It must be made clear to the market that we (the Trump administration) are serious about cutting spending. What is needed is not new legislation from Capitol Hill, but a change in the leadership of the Fed.