🚨 THIS IS BIG FOR MARKETS:
The next Fed Chair could be decided today.
Kevin Warsh is testifying before the Senate as Trump’s pick to replace Jerome Powell.
Here’s what’s at stake:
• Powell’s term ends in 24 days
• Trump wants lower interest rates
• Senate is demanding independence from politics
• Confirmation is facing resistance
Warsh is in a tough spot:
• Must align with Trump’s expectations
• Must convince the Senate he’s independent
• Must avoid looking politically influenced
If not confirmed by May 15, Powell stays temporarily.
🧠 Big picture:
This decision will impact:
• Interest rates
• Liquidity
• Stocks, crypto, and global markets
Markets are watching closely.