Summary
- Kevin Warsh's Senate confirmation process to become Fed chair is set to begin in earnest, with a hearing scheduled for next week.
- Rick Scott, a U.S. senator, said Warsh's hearing will be held next week and that he expects the nomination to be confirmed.
- Markets are focused on how a possible change in Fed leadership could affect the direction of monetary policy.
Forecast Trend Report by Period
Kevin Warsh's Senate confirmation process to become Federal Reserve chair is set to move into full gear.
Odaily, a cryptocurrency news outlet, reported on April 14 that Warsh had cleared key hurdles for Senate confirmation and that his hearing is scheduled for next week. Warsh, a former Fed governor, has experience in both financial markets and policymaking.
Senator Rick Scott said the hearing would be held next week and that he expects the nomination to be confirmed.
Markets are watching how a potential change in Fed leadership could affect the direction of monetary policy.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
