Fed Chair Walsh: Will Promote a Reform-Oriented Central Bank Governance Framework In his inaugural speech, Walsh stated that the United States is at a critical moment. He expressed gratitude to President Trump for his trust and pledged to fulfill his duties with energy and a strong sense of mission. He emphasized that the Federal Reserve will learn from past mistakes and successes to drive a reform-oriented central bank governance framework. Walsh also mentioned that inflation is expected to decline further, the economy will maintain robust growth, and the U.S. is likely to experience 'unparalleled prosperity' in the coming years, though he acknowledged that significant challenges remain.