At the U.S. Senate hearing on April 21, current Federal Reserve Chair Jerome Powell was mentioned 10 times.

Walsh holds a strongly critical attitude towards the Federal Reserve under Powell's leadership, believing that its policy path contains serious mistakes. Walsh made it clear: “The Federal Reserve missed the mark, and we are still suffering from the consequences of policy errors in 2021 and 2022.” Walsh advocates that the Federal Reserve needs a “regime change” and to establish a “different and completely new inflation framework,” which is essentially a comprehensive denial of Powell’s current policy framework.ExpandRelated articles:Walsh emphasizes the independence of the Federal Reserve during the hearing, stating he will never become Trump's “puppet” and has never been asked to commit to a rate cut.