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Trump Backs Kevin Warsh as Potential Fed Chair, 'Rate Cuts + Balance Sheet Reduction' May Emerge

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Trump has endorsed Kevin Warsh as a top contender for the next Fed Chair, alongside Kevin Hassett. Deutsche Bank analysts suggest Warsh could push for rate cuts and balance sheet reduction, though regulatory policy changes would be needed to lower bank reserve requirements. Warsh, a former Fed Governor, has long criticized the Fed’s QE, warning of inflation risks. With BTC seen as a hedge against inflation, market eyes are on how Fed policy shifts could impact crypto. His stance remains a mix of dovish and structural views.
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