#WarshLeadsFedChairRace Kevin Warsh as Fed Chair? Crypto markets are already doing the math.
Odds are rising that Kevin Warsh could become the next Chair of the Federal Reserve, with markets expecting rates to stay unchanged in January. On the surface, this feels like a quiet transition. Under the hood, it could matter a lot for crypto.
Warsh is not a dove. He has consistently warned about inflation credibility, excess liquidity, and the long-term costs of easy money. That tells us one thing clearly. If inflation risks reappear, he is unlikely to rush toward rate cuts just to support markets.