Coinspeaker
Jan 30, 2026
2 0

BEARISH 📉 : Bitcoin falls as Trump nominates Warsh for Fed Chair

President Donald Trump announced the nomination of Kevin Warsh as Federal Reserve Chairman, replacing Jerome Powell. This decision will undergo a Senate confirmation process amidst market sensitivity to changes in monetary leadership.

  • Warsh served at the Fed from 2006-2011 and has experience in investment banking and policy advisory roles.
  • His nomination has influenced prediction markets, with his odds surpassing those of Rick Rieder from BlackRock.
  • Bitcoin traded lower, falling to $82,700 following the news.

Warsh’s Policy Record

  • Trump praised Warsh's economic judgment, suggesting a move towards restoring discipline at the central bank.
  • Warsh has criticized prolonged ultra-loose monetary policies and advocates for a regime change at the Fed.
  • He supports digital assets like Bitcoin as market discipline tools, focusing on inflation control and fiscal restraint.

Market and Political Implications

  • The dollar strengthened, and Treasury yields rose, with financial markets anticipating Warsh's candidacy.
  • Gold and silver prices fell sharply, though not entirely attributed to the Fed chair pick.
  • The confirmation process is expected to be contentious, potentially impacting the macro environment and Fed policies.