Trump’s Fed Pick, Kevin Warsh, Warns of Tighter Liquidity: What It Means for Bitcoin

On Tuesday, Kevin Warsh, Donald Trump’s choice to replace Federal Reserve Chair Jerome Powell, testified before the Senate Banking Committee. He promised to be independent from the White House but did not promise to cut rates right away, leaving market watchers to try and figure out what a Warsh-led Fed would mean for liquidity and risk assets like Bitcoin (BTC). A Fed Shift From Rates to Balance Sheet The hear…