Hector Fuentes: The Senate Banking Committee has approved, along party lines, the nomination of Kevin Warsh as the next Chair of the Fed
The Senate Banking Committee has approved, along party lines, the nomination of Kevin Warsh as the next Chair of the Federal Reserve. His nomination now moves to a full Senate vote, where he is expected to succeed Jerome Powell.
Warsh has previously described Bitcoin as a “sustainable store of value,” adding: “If you’re under 40, Bitcoin is your new gold.” He also holds personal investments in Bitwise Asset Management and considers Bitcoin “a key asset that can help policymakers assess whether their decisions are right or wrong.”
On monetary policy, Warsh advocates for:
Lower interest rates
A significant reduction in the Fed’s balance sheet
A major overhaul of the current monetary framework, which he has called “broken”
He supports what he describes as a “radical transformation” of the Federal Reserve system.
Hector Fuentes: The Senate Banking Committee has approved, along party lines, the nomination of Kevin Warsh as the next Chair of the Fed
The Senate Banking Committee has approved, along party lines, the nomination of Kevin Warsh as the next Chair of the Federal Reserve. His nomination now moves to a full Senate vote, where he is expected to succeed Jerome Powell. Warsh has previously described Bitcoin as a “sustainable store of value,” adding: “If you’re under 40, Bitcoin is your new gold.” He also holds personal investments in Bitwise Asset Management and considers Bitcoin “a key asset that can help policymakers assess whether their decisions are right or wrong.” On monetary policy, Warsh advocates for: Lower interest rates A significant reduction in the Fed’s balance sheet A major overhaul of the current monetary framework, which he has called “broken” He supports what he describes as a “radical transformation” of the Federal Reserve system.
