Trump’s Fed chair nominee’s return sparks bitcoin jitters over rates, balance sheet cuts
The market was initially jolted by the sudden news of President Donald Trump naming Kevin Warsh as his choice for the next Federal Reserve chair, ending a month-long saga of guessing game.
The U.S. dollar rallied, bitcoin fell, and the equity market became volatile when the news broke; while the market might have stabilized a bit for now, the uncertainty is still gripping the traders across all asset classes.
So who is Kevin Warsh, and more importantly, how will his leadership shape the future of monetary policy and crypto?
Former Fed governor
Kevin Maxwell Warsh is a former U.S. Federal Reserve governor who served from 2006 to 2011 and played a senior role during the 2008 global financial crisis, including acting as a key liaison between…
