Kevin Warsh sworn in as Fed chair, as traders forecast rate hikes in 2026
Cointelegraph
Kevin Warsh has been sworn in as Federal Reserve Chair, with market participants predicting potential interest rate hikes throughout 2026.Summary
Kevin Warsh was officially sworn in as the chairman of the United States Federal Reserve, with President Donald Trump emphasizing the need for economic growth to manage national debt. Despite the leadership change, financial markets show zero probability of interest rate cuts for the remainder of 2026. Data from the CME FedWatch tool suggests an increasing likelihood of rate hikes at upcoming FOMC meetings, with significant expectations for a hike by December. This high-interest-rate environment poses potential challenges for risk-on assets, including Bitcoin and broader cryptocurrency markets, as investors navigate persistent macroeconomic uncertainty.
(Source：Cointelegraph)