,President Donald Trump's nominee to succeed Jerome Powell as Chair of the Federal Reserve, testified before the Senate Banking Committee today, April 21, 2026. [1, 2] His testimony focused on defending the central bank's independence while simultaneously addressing the administration's desire for a shift in monetary policy amid a complex economic backdrop featuring high energy prices and technological growth. [3, 4]
* Vow of Independence: Warsh repeatedly underscored that monetary policy independence is "essential" and must be "earned" by staying clear of political distractions. [5, 6] * Shift on Interest Rates: While historically known as an "inflation hawk," Warsh argued that artificial intelligence (AI) is driving productivity gains that could lower inflation, potentially justifying lower interest rates over time. [7, 8] * "Stay in the Lane": He criticized the Fed's recent focus on non-monetary issues like climate change and diversity, vowing to return the institution to its primary mission of price stability. [9, 10] * Supply-Side Outlook: Warsh indicated that the Fed should not ignore supply shocks, such as the current Iran-related energy crisis, but argued that a reform-oriented Fed could foster long-term growth. [3, 4]
#MajorConfirmationHurdles Despite his testimony, Warsh faces a precarious path to confirmation before Jerome Powell’s term expires on May 15, 2026: [5, 6, 11, 12]
* Republican Opposition: Senator Thom Tillis (R-NC) has vowed to block the nomination unless the Department of Justice drops its criminal investigation into current Chair Jerome Powell. [1, 13] * Financial Disclosures: Senate Democrats, led by Elizabeth Warren, pressed Warsh on his $100 million in assets, citing concerns over potential conflicts of interest and lack of transparency in his underlying holdings. [14, 15] * Market Credibility: Analysts from [Deutsche Bank]noted that Warsh must convince both a divided FOMC and the bond market that he will not pursue radical, politically motivated rate cuts. [4, 16, 17]
If Warsh is not confirmed by mid-May, Powell has stated he will remain as a move President Trump has threatened to challenge.
The $13 billion DeFi wir started with KelpDAO Multiple lending and yield protocols are posting double-digit percentage declines in TVL, though token prices are seeing a limited decline. By Sam Reynolds | Edited by Omkar Godbole
Iran is preparing for a possible return to war as the ceasefire nears its end. With U.S. demands and a naval blockade stalling new talks, Tehran expects conflict could resume.
Recent reports say Iran has spent weeks repositioning forces and updating target lists. Officials claim they are ready to launch immediate, intensified strikes against U.S. and Israeli forces if fighting restarts.
Strategic selectivity is paramount in achieving consistent success. Focusing on high-probability opportunities conserves resources and enhances decision-making accuracy. It is not about participating in every market fluctuation. Instead, it involves identifying and capitalizing on the most advantageous moments. This disciplined approach fosters a more robust and sustainable trading strategy. Cultivating patience to wait for the optimal setup is a critical skill. Ultimately, prioritizing quality over quantity in trading decisions leads to superior outcomes. This measured methodology underpins a commitment to excellence.$BTC
76950 entry, stop loss 78450, TP 74500 😉
Trade at your own risk. I'm not your personal advisor.
A millionaire trader once shared some wisdom. He emphasized that when doubt creeps in, protecting your capital should be the top priority. The reasoning is quite simple, really. Opportunities in the market are virtually limitless and constantly appearing. However, your available capital is a finite resource that cannot be easily replenished. Therefore, it's crucial to safeguard it. This approach ensures you're always in a position to seize future chances. It's a smart mindset for anyone navigating the financial world.
Effective trading hinges significantly on mastering exit strategies. The psychology surrounding when to disengage from a trade often outweighs the initial decision to enter. A poorly timed exit can negate the benefits of even the most astute entry point. Developing discipline to adhere to pre-defined exit parameters is paramount for preserving capital. Recognizing and accepting losses is a critical component of this psychological fortitude. Conversely, knowing when to take profits reinforces positive trading habits. The emotional control required for executing exits flawlessly is a hallmark of experienced traders. Ultimately, a robust exit strategy contributes directly to long-term trading success and psychological resilience.
$RAVE Weekly movement is expected. A good time to enter long is when the price crosses the 0.79581 level with a bullish daily closing. On retest, buy as a swing trade at 4.79200 for a safe entry. In the spot market, start buying near 0.19327 for the long term, with a target of 5 dollars.