Kevin Warsh, confirmed as Federal Reserve Chair on May 12, 2026 by a narrow 51-45 Senate vote, has spent his first two months refusing to signal his stance on interest rate decisions. At his first FOMC meeting as chair on June 17, 2026, the committee voted unanimously to hold the federal funds rate steady at 3.5%-3.75%. Warsh recently suggested the July meeting would involve a « good family fight, » indicating imminent disagreement among policymakers. Market expectations for July remain genuinely split, with ambiguity creating volatility across asset classes including crypto. While Warsh has dismissed Bitcoin as « software pretending to be money, » he supports a US digital dollar concept and blockchain innovation as a technology.
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