Trump Names Bitcoin-Friendly Kevin Warsh as Pick for Federal Reserve Chair
President Trump nominated Kevin Warsh, known for his crypto-friendly views, to be the next Federal Reserve Chair.Summary
President Donald Trump announced the nomination of Kevin Warsh to be the Chairman of the Board of Governors of the Federal Reserve System, confirming earlier speculation. Warsh, 55, previously served on the Fed's Board of Governors from 2006 to 2011 and currently holds positions at the Hoover Institution and Stanford Graduate School of Business, in addition to being a partner at Duquesne Family Office. His nomination is notable in digital asset markets because of his relatively crypto-friendly stance; he views Bitcoin as an important asset that can act as a "policeman for policy" and a generational alternative to gold, though he remains open to central bank digital currencies. Despite his views on crypto, Warsh is widely considered a monetary policy hawk who emphasizes inflation risks, which contrasts with expectations for an 'easy' Fed chair.
(Source：Bitcoin Magazine)