Trump Nominates Kevin Warsh as Next Fed Chair; Markets Brace for Policy Pivot

President Donald Trump has selected former Federal Reserve Governor Kevin Warsh to lead the US central bank, signaling a potential shift in global monetary policy and USD trajectory.

A Return to “Sound Money”?

Kevin Warsh is recognized for his skepticism regarding QE. For the US Dollar (USD), his nomination could act as a catalyst for strength against lower-yielding peers like the JPY and EUR.

Risk Assets Take a Hit

The prospect of stricter liquidity sent shockwaves through BTC, which crashed to a low of $81,300, triggering massive liquidations for 273,244 traders.

Data Snapshot

• Nominee: Kevin Warsh (Former Fed Governor)
• Bitcoin (BTC) Reaction: Low of $81,300
• Liquidation Volume: 273,244 traders
• Primary Currency Risk: USD / JPY / EUR

Implications for Forex Traders

• A “Fed” under Warsh may allow long-end Treasury yields to drift higher.
• Policy divergence with the ECB would widen, favoring USD bulls.