Kevin Warsh Sworn In as New Federal Reserve Chair

Kevin Warsh has been sworn in as the 17th Chair of the Federal Reserve, replacing Jerome Powell after a narrow Senate vote. According to BeInCrypto, Warsh inherits a challenging economic landscape with persistent inflation, a $6.7 trillion balance sheet, and a crypto market sensitive to Fed policies. Known for his hawkish stance, Warsh advocates for a leaner Fed balance sheet and tighter inflation control. His pro-crypto views, including seeing Bitcoin as a 'sustainable store of value,' contrast with his predecessor's approach, creating a complex outlook for traders.