Kevin Warsh set to be sworn in as Fed Chair this Friday, replacing Powell.
This matters for crypto:
Warsh has historically been more hawkish on inflation and skeptical of excessive monetary easing. If he tightens policy or maintains higher rates longer, risk assets (including crypto) could face continued pressure.
Watch:
- His first policy signals
- Any stance on digital assets or CBDCs
- Rate trajectory under his leadership
Markets will reprice fast. Position accordingly.