šØ BREAKING: WARSH TO BE FED CHAIR šØ
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ā”ļø TRUMP ANNOUNCES TODAY (FRI AM)
šÆ Kevin Warsh CONFIRMED as pick
š Bloomberg, Reuters, FT all report it
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š PREDICTION MARKETS EXPLODED:
Polymarket: 92% ā 95% overnight
Kalshi: 94% certainty
Total volume: $289M traded
This is HAPPENING.
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š„ WHO IS KEVIN WARSH?
ā Former Fed Governor (2006-2011)
ā Almost picked in 2017 (lost to Powell)
ā Trump's economic advisor
ā BITCOIN FRIENDLY š„
ā Historically inflation hawk
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š WHY CRYPTO CARES:
"Bitcoin could provide market
discipline" - Kevin Warsh (2024)
Unlike Powell who dismisses crypto,
Warsh sees BTC as legitimate pressure
on Fed monetary policy.
ā More rate cuts likely
ā Pro-crypto stance
ā Trump-aligned policy
ā Fiscal restraint focus
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ā ļø MARKET REACTION:
USD: +0.26% (strengthening)
BTC: Dipped on uncertainty
Treasuries: Yields rising
Gold: Up on geopolitical risk
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š„ THE CHALLENGE:
Senate confirmation NOT guaranteed
ā” Sen. Tillis threatening to block
ā” Powell DOJ probe complicates things
ā” 39% odds of 52-vote confirmation
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ā° ANNOUNCEMENT: THIS MORNING
š Official Trump statement expected
šÆ Powell's term ends: MAY 2026
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This changes EVERYTHING for:
šø Fed independence
šø Rate policy direction
šø Crypto legitimacy
šø Market volatility
