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Trump is poised to nominate former Fed governor and Morgan Stanley banker Kevin Warsh as the next Fed chair, raising questions over central bank independence and market reaction.<\/p>\n
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President Donald Trump is poised to put a close ally of Wall Street at the helm of the US Federal Reserve, with advisers saying he is expected to nominate former Fed governor Kevin Warsh as the next chair as soon as Friday.<\/p>\n
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Trump, who has cycled through favored candidates for months, told reporters he had settled on \u201ca really great choice\u201d and promised \u201csomebody that is very respected, somebody that\u2019s known to everybody in the financial world.\u201d Warsh, a former Morgan Stanley banker who served five years on the Fed\u2019s Board after being nominated by President George W. Bush, met Trump at the White House on Thursday in what officials described as the final step before an announcement. \u201cA lot of people think that this is somebody that could have been there a few years ago,\u201d Trump added, in a thinly veiled reference to his 2017 decision to hand the job to Jerome Powell instead.<\/p>\n
Warsh\u2019s emergence caps a process that came down to four contenders: Warsh, National Economic Council director Kevin Hassett, BlackRock executive Rick Rieder, and current Fed governor Christopher Waller. Several aides cautioned that \u201cnothing was final until announced by Trump directly,\u201d noting the president has repeatedly shifted his preference as he weighed loyalty, optics and market reaction. Yet preparations for a White House rollout were underway Thursday night, underscoring how far the Warsh bid has advanced.<\/a>\u200b<\/p>\n The choice lands against a fraught backdrop in Washington. Trump has \u201cattacked and criticized\u201d Powell and the central bank \u201crelentlessly throughout the first year of his second term,\u201d raising fresh questions over how much independence any successor will be allowed to exercise. Warsh, who has long been floated for top roles in both Trump administrations and was even seen as a potential Treasury secretary before Trump tapped Scott Bessent, \u201clooked the part,\u201d the president told associates after their December interview.<\/a>\u200b<\/p>\n This parabolic move comes as digital assets continue to trade as the purest expression of macro risk appetite. Bitcoin (BTC) is hovering around $82,536, with 24\u2011hour moves near -2.2% and roughly $80.7B in trading volumes. Ethereum (ETH) last changed hands close to $2,722, down about 9% over the past day. Solana (SOL) trades around $192 on major USD pairs, with recent 24\u2011hour ranges clustered roughly between $185 and $194. For broader context on how ETF positioning can reshape liquidity, some analysts point to XRP structures, mirroring patterns flagged when\u00a0$1b mark\u00a0was first absorbed by spot ETF inflows, after warnings that ETF demand could\u00a0absorb around 1% of circulating supply, building on December\u2019s milestone when\u00a0XRP ETF assets first surpassed $1b.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Trump is poised to nominate former Fed governor and Morgan Stanley banker Kevin Warsh as the next Fed chair, raising questions over central bank independence and market reaction. Summary Trump…<\/p>\n","protected":false},"author":1,"featured_media":4573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21001"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21001\/revisions"}],"predecessor-version":[{"id":21002,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21001\/revisions\/21002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4573"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}