What Trump’s Fed Pick Kevin Warsh Means for Crypto

U.S. President Donald Trump nominated financier and former Federal Reserve governor Kevin Warsh to succeed Jerome Powell as Chair of the country's central bank on Friday, a choice that lands as cryptocurrency markets slide and investors reassess the outlook for interest rates. Announcing the pick on Truth Social, Trump praised Warsh’s credentials and record, calling him a future “GREAT Fed Chairman” and signaling an end to months of public conflict with Powell. The president has repeatedly criticized the ...