Macro Update (U.S.)
Treasury Secretary Scott Bessent is pushing to advance hearings for Kevin Warsh’s nomination as Federal Reserve Chair, despite delays tied to a DOJ probe involving current Chair Jerome Powell, per Bloomberg.
This underscores continued uncertainty around future Fed leadership — a variable closely monitored by global markets. Shifts in expectations around monetary policy governance can impact risk appetite, liquidity conditions, and longer-term positioning across asset classes, including crypto.
This remains a procedural headline, not a policy signal. Markets will stay anchored on concrete guidance around Fed leadership clarity and the rate path, rather than short-term news flow.
