Trump's Fed Candidate Kevin Warsh Could Shock the Markets

Kevin Warsh's Interest Rate Cutting Plans

Kevin Warsh, who was nominated by Donald Trump for the Federal Reserve, may cut interest rates by 100 basis points before the midterm elections. This expectation was expressed by economist Robin Brooks, who previously accurately predicted Japan's financial issues.

Market Implications

Warsh's rate cuts could put pressure on the dollar, which may trigger a significant rally in the cryptocurrency market. In particular, Bitcoin, gold, and silver prices experienced significant declines last week amid concerns that Warsh would move slowly.