[Walsh Seeks Federal Reserve 'Institutional Reform': Reducing Statements, Introducing New Models] Reported by Golden Finance, on April 30, the day of what might be Jerome Powell's final meeting as Federal Reserve Chair, the focus of 'Trump Economics' shifted from the relatively stable short-term trajectory of interest rates to a more profound issue: under the leadership of Donald Trump's nominated Federal Reserve Chair candidate, Kevin Walsh, where will the Federal Reserve head next? After the government decided to shelve the criminal investigation that had drawn heavy criticism against Powell, Walsh secured support in the Senate Banking Committee's partisan vote with a narrow margin of 13 votes to 11. Krishna Guha of Evercore ISI told Flanders that, based on Walsh's recent confirmation hearing, he is positioning himself as an 'architect of institutional reform,' signaling a break from the eras of Ben Bernanke, Janet Yellen, and Powell. Walsh has sharply criticized the Federal Reserve's inflation response measures during the pandemic, indicating his intent to reevaluate policymakers' modeling of price pressures, rely more on supply-side analysis, and potentially shift toward alternative inflation indicators that downplay tariff-driven inflation surges.