If you’ve ever started a new job and immediately caused several trillion dollars’ worth of people to panic, congratulations-you now have something in common with Kevin Warsh. The new Federal Reserve Chair wrapped up his first FOMC meeting without touching interest rates, which is sort of like being handed the thermostat at a dinner party and deciding to leave everyone sweating just to see what happens.
desperately and with poor judgment.
Bitcoin waits for inflation data
The Fed’s decision offered crypto markets all the comfort of a horoscope that simply reads: “Good luck.” Higher rates tend to push investors toward cash and short-term debt, leaving Bitcoin and other risk assets feeling like the last kids picked for dodgeball.
Traders had already braced for no June rate cut, and now all eyes turn to inflation data, labor reports, and whatever Warsh decides to say next. The man has a gift for keeping markets on their toes, even if those toes are trembling.
Trump had previously pushed for lower rates, but Warsh declined to offer any timeline for cuts. Trump responded mildly, which in political terms means he didn’t immediately post in all caps.
As always, please confirm political information with a trusted source.
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2026-06-18 13:35