The news this morning says #Trump will announce a new #FED Chair Today.
Odds on polymarket favours Kevin Warsh.
Now who is kevin warsh? And what should you expect??
đ He has some personal relationship to Trump.
đ He served as a Fed governor from 2006 to 2011
đ He calls for regime change from the powel approach to a new one
đ He is more of shrinking FEDs balance sheet which he believes contributes to inflation.
đ He Critics the Fedâs balance-sheet expansion.
đ His stand on BTC says bitcoin can be used as a policemen for policies.
đ His views on gold and the "status quo" are rooted in a critique of monetary policy, specifically the long-term reliance on quantitative easing (QE) and "free money" policies.
đ He currently argues Fed would be able to cut rates more by aggressively downsizing the portfolio BUT was Fed critic, known for âhawkishâ stance.
đ He said inflation is choice
đ He view AI acts as a postive suply shock (disinflationary).
đ He proposed a "digital dollar" backed by Fed in 2018.
Conclusion; i feel his appointment and regime will generally be bullish for bitcoin and the digital market.