Who is Kevin Warsh?

The man who calmed the panic and sank GOLD today 📉🇺🇸 #Fed #TRUMP

🚨 The trigger for today's flash crash of GOLD! Trump nominated Kevin Warsh as the next Chair of the Fed (replacing Powell in May).

Who is he and why did he calm fears of a "captured" Fed?

Former Fed Governor (2006-2011), conservative economist, and fellow at Hoover Institution (Stanford).

Fierce critic of the Fed's excessive balance sheet expansion.

Advocates for a more "institutional" Fed: less "mission creep" (not getting involved in everything beyond inflation and employment), smaller balance sheet, and zero crazy interventionism.

Trump praised him on Truth Social: "He will be one of the GREAT Fed Chairmen, perhaps the best" and "central casting" (perfect for the role).

Unlike other more dovish candidates (who would aggressively cut rates to finance Trump's spending), Warsh is seen as more hawkish → fewer crazy cuts and a defender of the Fed's independence against political pressures.

Markets interpreted that the Fed will NOT lose autonomy nor become ultra-loose. $BTC $XRP $PAXG