Macro Update (U.S.): Treasury Secretary Scott Bessent has urged that hearings for Kevin Warsh’s Federal Reserve chair nomination move forward, despite delays linked to a DOJ probe involving current Fed Chair Jerome Powell, according to Bloomberg.
The situation highlights ongoing uncertainty around future Fed leadership, a factor closely watched by global markets. Any shift in expectations around monetary policy governance can influence risk sentiment, liquidity outlook, and long-term positioning across assets, including crypto.
This is a procedural development, not a policy decision. Markets will remain focused on clarity around Fed leadership and rate direction rather than headlines alone.