Fed Chair nominee Kevin Warsh's hearing: Conventional, market slightly dovish
On April 21 local time, President Trump's nominee for Fed Chair **Kevin Warsh** attended the Senate Banking Committee confirmation hearing. The overall hearing was conventional, neither sending aggressive hawkish signals nor making a clear commitment to significantly lower interest rates.
Emphasized that "if confirmed, will maintain independent decision-making," denied being a "Trump puppet";
Acknowledged that the Fed's policies in 2021-2022 had "fatal errors," supported reforming the inflation framework, but did not provide a specific timeline;
Supported gradually reducing the Fed's balance sheet (currently about $6.7 trillion) and stated he would cooperate with the Treasury;
Democratic lawmakers questioned his independence, while overall Republican attitude was relatively friendly, but the nomination still faced procedural hurdles.
Warsh's hearing was conventional, and the market is slightly dovish in the short term—statements on independence eased the worst expectations, but the signals on balance sheet reduction and nomination uncertainty remain, with real impacts depending on subsequent voting and actual policy execution. #加密市场反弹 $BTC
On April 21 local time, President Trump's nominee for Fed Chair **Kevin Warsh** attended the Senate Banking Committee confirmation hearing. The overall hearing was conventional, neither sending aggressive hawkish signals nor making a clear commitment to significantly lower interest rates.
Emphasized that "if confirmed, will maintain independent decision-making," denied being a "Trump puppet";
Acknowledged that the Fed's policies in 2021-2022 had "fatal errors," supported reforming the inflation framework, but did not provide a specific timeline;
Supported gradually reducing the Fed's balance sheet (currently about $6.7 trillion) and stated he would cooperate with the Treasury;
Democratic lawmakers questioned his independence, while overall Republican attitude was relatively friendly, but the nomination still faced procedural hurdles.
Warsh's hearing was conventional, and the market is slightly dovish in the short term—statements on independence eased the worst expectations, but the signals on balance sheet reduction and nomination uncertainty remain, with real impacts depending on subsequent voting and actual policy execution. #加密市场反弹 $BTC