Fox News senior White House correspondent Jacqui Heinrich has the latest on the economic direction the country is heading in on 'Special Report.'

President Trump hit the bullseye in selecting Kevin Warsh as the next Federal Reserve Board chairman.

In contrast to the failed tenure of Jerome Powell, Warsh is not political, and he is not an inflationist. He has declared many times that "I reject the discredited Phillips Curve notion that growth causes inflation." He believes we can return to a prosperous era of low inflation and high growth, as we saw under Paul Volcker in the 1980s and Alan Greenspan in the 1990s.

Powell never understood that. He believed that growth causes inflation. What we got instead was a near Fed-created stock market crash and slow growth in 2018, followed by four years of Biden-era stagflation, with stagnant real wages AND high prices.

Powell is a lame duck, and a wounded duck he should resign immediately. He won’t, so we have four more months before regime change and the abandonment of his monetary and interest rate mismanagement that gave us 9% inflation.

REPUBLICAN SENATOR VOWS TO BLOCK TRUMP FED NOMINEE OVER POWELL INVESTIGATION

This means Warsh must be ready to reverse monetary course on day one.

First, I agree with former World Bank President........

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