Kevin Warsh was confirmed as Federal Reserve Chair on June 17, 2026. His doctrine consists of letting market signals guide monetary policy rather than relying on the Fed’s traditional interventionist tools. The federal funds rate was held steady at 3.5-3.75%. Warsh held stakes in over a dozen crypto-related organizations, including DeFi protocols and both Layer 1 and Layer 2 networks, before taking office. He described Bitcoin as an important asset that policymakers need to understand, marking a significant tonal shift from the skepticism that characterized previous Fed leadership.
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