Fed Chair nominee Warsh views bitcoin as “good policeman for policy”

President Donald Trump nominated Kevin Warsh as Chairman of the Federal Reserve on Friday, selecting a candidate who views bitcoin as a strategic tool for central banks rather than a threat to the financial system or a competitor to the dollar. Warsh noted in a Hoover Institution interview last year that price movements can indicate when the Federal Reserve is mismanaging the economy or ignoring inflation signals. “I think it can often be a very good policeman for policy,” Warsh said. Trump announced t ...