{"id":32319,"date":"2026-06-18T10:54:25","date_gmt":"2026-06-18T10:54:25","guid":{"rendered":"https:\/\/bitunikey.com\/news\/kevin-warshs-fed-debut-jolts-crypto-as-rate-cut-hopes-fade\/"},"modified":"2026-06-18T10:54:31","modified_gmt":"2026-06-18T10:54:31","slug":"kevin-warshs-fed-debut-jolts-crypto-as-rate-cut-hopes-fade","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/kevin-warshs-fed-debut-jolts-crypto-as-rate-cut-hopes-fade\/","title":{"rendered":"Kevin Warsh\u2019s Fed debut jolts crypto as rate-cut hopes fade"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">New Federal Reserve Chair Kevin Warsh ended his first FOMC meeting without changing interest rates. <\/p>\n<div id=\"cn-block-summary-block_431c17466e0800c6b255f78af15715ad\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Warsh held rates steady and avoided giving markets a clear timeline for future policy cuts.<\/li>\n<li>Crypto markets watched the press conference as higher-for-longer policy kept pressure on Bitcoin sentiment.<\/li>\n<li>The missing dot plot projection added focus to Warsh\u2019s role in shaping Fed communication style.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20260617a.htm\" target=\"_blank\" rel=\"nofollow\">FOMC statement<\/a> said officials voted 12-0 to keep the federal funds target range at 3.50% to 3.75%.<\/p>\n<p>The Fed said economic activity was expanding at a solid pace, while inflation remained above its 2% target. It also said some price pressure came from supply shocks and energy costs. The statement added that the committee \u201cwill deliver price stability.\u201d<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Tone shifts from Powell era<\/strong><\/h2>\n<p>Warsh\u2019s first press conference drew attention because his style differed from Jerome Powell\u2019s more direct communication approach. According to the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2026\/06\/17\/business\/economy\/warsh-fed-chairman-first-press-conference.html\" target=\"_blank\" rel=\"nofollow\">New York Times report<\/a>, Warsh used phrases such as \u201cfirst principles,\u201d \u201calternative frameworks,\u201d and the Fed\u2019s \u201cremit.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">New Fed Chair Kevin Warsh&#8217;s First FOMC Meeting and Press Conference<\/p>\n<p>According to The New York Times, newly appointed Federal Reserve Chairman Kevin M. Warsh concluded his first policy press conference on Wednesday following his initial FOMC meeting. Warsh exhibited a sharp\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/vLjzxOO9zl\">pic.twitter.com\/vLjzxOO9zl<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/WuBlockchain\/status\/2067544630585946462?ref_src=twsrc%5Etfw\">June 18, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The report also said Warsh confirmed he was the only Fed policymaker who did not submit a projection for the dot plot. That decision put more focus on how he plans to guide markets without giving a clear path for future rate cuts.<\/p>\n<p>In addition, Warsh also used the press conference to announce a broad review of the central bank\u2019s work. A <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/feds-warsh-flags-new-tasks-forces-study-fed-operations-2026-06-17\/\" target=\"_blank\" rel=\"nofollow\">Reuters report<\/a> said he named five task forces covering inflation, communications, economic data, productivity and the labor market.<\/p>\n<p>\u201cI\u2019m appointing a task force in each of five areas that are central to the broad conduct of monetary policy,\u201d Warsh said. He added that the groups may begin work in the coming weeks and provide early views in the fall.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Crypto watches higher-rate risk<\/strong><\/h2>\n<p>As crypto.news reported earlier, Warsh held rates steady as Bitcoin fell to around $65,430 and Ethereum traded near $1,770. That report said Fed projections showed nine officials expected at least one rate hike this year.<\/p>\n<p>According to an earlier crypto.news report, Warsh\u2019s swearing-in had already tested rate-cut hopes before the June meeting. Traders had moved away from quick easing bets as inflation concerns and energy risks stayed in focus.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Bitcoin waits for inflation data<\/strong><\/h2>\n<p>The Fed\u2019s decision gives crypto markets few near-term signs of easier liquidity. Higher rates can keep pressure on Bitcoin and other risk assets because investors often favor cash and short-term debt when yields remain high.<\/p>\n<p>crypto.news previously reported that Bitcoin traders braced for the Fed decision as market odds pointed strongly to no June rate cut. The next market test will come from inflation data, labor reports and Warsh\u2019s future comments on policy.<\/p>\n<p>Trump had pushed for lower rates before Warsh took over, but the new chair did not give a timeline for cuts. Trump reacted mildly to the hold decision while still praising Warsh.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Federal Reserve Chair Kevin Warsh ended his first FOMC meeting without changing interest rates. Summary Warsh held rates steady and avoided giving markets a clear timeline for future policy&hellip;<\/p>\n","protected":false},"author":1,"featured_media":32224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32319","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\/32319","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=32319"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32319\/revisions"}],"predecessor-version":[{"id":32320,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32319\/revisions\/32320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/32224"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=32319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=32319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=32319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}