What Trump’s Fed Pick Kevin Warsh Means for Crypto
U.S. President Donald Trump nominated financier and former Federal Reserve governor Kevin Warsh to succeed Jerome Powell as Chair of the country’s central bank on Friday, a choice that lands as cryptocurrency markets slide and investors reassess the outlook for interest rates.
Announcing the pick on Truth Social, Trump praised Warsh’s credentials and record, calling him a future “GREAT Fed Chairman” and signaling an end to months of public conflict with Powell. The president has repeatedly criticized the Fed chair over interest-rate policy and the cost of the central bank’s headquarters renovation, even after the Fed delivered a series of rate cuts late last year.
The nomination comes during a turbulent stretch for…
