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Kevin Warsh Could Become the Most Influential Fed Chair on Bitcoin
Kevin Warsh, the individual proposed by President Trump to be the Federal Reserve Chair (Fed), is expected to become the first Fed Chair to openly hold crypto.
This appointment could bring a deeper understanding of digital currencies within the Fed itself. However, it also carries potential risks with tighter policies, directly impacting the Bitcoin and crypto markets.
In particular, Kevin Warsh is expected to aggressively cut interest rates to stimulate the economy – just as President Trump desires. This is also the reason why Trump has repeatedly threatened and even considered investigating the current Fed Chair Jerome Powell for failing to do so.