🇺🇸 BREAKING: U.S. President Donald Trump has selected Kevin Warsh as the next Chair of the Federal Reserve, replacing Jerome Powell. The nomination is expected to be formally announced soon and will still require Senate confirmation.
Warsh is a former Fed governor (2006–2011) and a Hoover Institution fellow at Stanford University. He served as a central banker during the financial crisis era and has long been part of policy discussions on inflation, interest rates, and monetary strategy.
Why markets are watching this:
• His nomination boosted the U.S. dollar and Treasury yields, with traders pricing in a shift toward more conventional monetary policy.
• Gold and Bitcoin pulled back as markets reacted to a potential less-dovish Fed stance.
• Warsh’s track record includes both critique of post-crisis policy and recent views on rate cuts, positioning him as a complex choice during a time of mixed inflation and growth signals.
In simple terms:
The U.S. central bank’s leadership is shifting.
Expect recalibrations in interest-rate and liquidity expectations.
This is a major macro catalyst — not just a headline. Policy direction under the next Fed chair influences everything from bonds to crypto.
