Federal Reserve Chair Walsh: Will Advance a Reform-Oriented Central Bank Governance Framework In his inaugural address, Walsh stated that the United States is at a pivotal moment, expressed gratitude for President Trump’s trust, and pledged to serve with vigor and a strong sense of purpose. He emphasized that the Federal Reserve will draw lessons from past mistakes and successes to advance a reform-oriented central bank governance framework. Walsh also noted that inflation is expected to continue declining, the economy will maintain robust growth, and he anticipates “unparalleled prosperity” for the United States over the coming years, while acknowledging that significant challenges remain.