Major shifts in monetary leadership don’t happen often, but when they do, markets start adjusting well before any policy is actually implemented.

The recent announcement by President Trump naming Kevin Warsh as the next Federal Reserve Chair instantly stirred expectations across global markets. Even without a single rate decision, price action responded fast. Equities turned choppy, crypto volatility picked up, and capital rushed toward traditional hedges like gold ($XAU ) and silver ($XAG ). In just a few sessions, massive amounts of money were repositioned, highlighting how sensitive markets are to macro uncertainty.

Leadership changes at the Fed naturally divide sentiment. Some participants anticipate a potential shift toward a different monetary stance, while others stay defensive, waiting for concrete signals before committing. #WarshFedPolicyOutlook