Trump names crypto-friendly Kevin Warsh as pick for Fed chair

President Donald Trump officially nominated Kevin Warsh to be the Chairman of the Board of Governors of the Federal Reserve System, confirming market speculation which had seen his odds surge on prediction markets like Polymarket and Kalshi. Warsh, 55, previously served on the Fed's Board of Governors from 2006 to 2011 and is currently a Hoover Institution fellow. He is noted for his nuanced stance on digital assets, having previously stated Bitcoin is not a systemic threat and can act as a "policeman for policy," alongside his involvement as an angel investor in crypto projects like Basis and Bitwise. While viewed as a monetary policy hawk concerned with inflation, Warsh has also advocated for significant structural changes at the Fed and criticized quantitative easing. His nomination ends speculation over candidates like Kevin Hassett, Christopher Waller, and Rick Rieder, but he still requires Senate confirmation to replace Jerome Powell.

(Source：The Block)