President Trump officially appointed Kevin Warsh to succeed Jerome Powell as Chairman of the Fed.
He is a former Fed Governor, Kevin.
Kevin Warsh supports lowering interest rates but is considered cautious and pragmatic, believing in a gradual reduction followed by observation. Regarding crypto, Kevin Warsh has also invested in crypto startups... it remains to be seen whether this is good or bad because if he happens to invest in a scam project, it could be disastrous.
Overall, Kevin Warsh is skeptical about the monetary role of crypto, arguing that crypto should primarily be viewed as a store of value. He supports CBDC for the institutional sector and wants to tighten crypto regulation to protect the position of the USD.
$BTC #MarketCorrection
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Tebomap
He is a former Fed Governor, Kevin.
Kevin Warsh supports lowering interest rates but is considered cautious and pragmatic, believing in a gradual reduction followed by observation. Regarding crypto, Kevin Warsh has also invested in crypto startups... it remains to be seen whether this is good or bad because if he happens to invest in a scam project, it could be disastrous.
Overall, Kevin Warsh is skeptical about the monetary role of crypto, arguing that crypto should primarily be viewed as a store of value. He supports CBDC for the institutional sector and wants to tighten crypto regulation to protect the position of the USD.
$BTC #MarketCorrection
———————————
Tebomap
