Breaking News: US Senate officially confirms Kevin Warsh as Fed Chair!

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The Fed has officially changed! The US Senate finalized the decision today, confirming that "inflation hawk" Kevin Warsh will succeed Jerome Powell as the new Chairman of the Federal Reserve. This veteran financier, who helped navigate the 2008 financial crisis and possesses both Wall Street and White House pedigree, will take control of the money printer at the most critical moment as US inflation resurges. (Previous coverage: Breaking: Warsh clears the Senate! Kevin Warsh officially confirmed to join the Federal Reserve, set to take charge of Fed monetary policy) (Background: Three days left until Powell hands over to Warsh: How do US stocks perform in the short term after a change in Fed Chair?) The scepter of supreme power over global monetary policy has officially completed its historic transition. According to a breaking news alert released today (14th) by the renowned financial information account The Kobeissi Letter, the US Senate has officially voted to confirm Kevin Warsh as the next Chairman of the Federal Reserve, replacing the outgoing incumbent, Jerome Powell. BREAKING: The US Senate has officially confirmed Kevin Warsh as the next Chairman of the Federal Reserve to replace Jerome Powell. pic.twitter.com/EM4p85yJCX — The Kobeissi Letter (@KobeissiLetter) May 13, 2026 A "Financial Prodigy" with Wall Street and White House Pedigree For both the cryptocurrency and traditional financial markets, the name Kevin Warsh is not to be underestimated. He is described by the industry as a "central casting" perfect fit for a central bank governor, possessing both deep market practice and policy experience. Looking at his impressive resume, Warsh graduated from Stanford University and Harvard Law School, and early in his career, he served as a senior executive in the M&A division at Morgan Stanley. Subsequently, he moved into politics, joining the White House National Economic Council during the George W. Bush administration. In 2006, at the age of just 35, he was appointed as a member of the Federal Reserve Board (the youngest in history) and played a key role in responding to the crisis during the 2008 global financial tsunami. Currently, he is not only a distinguished visiting fellow at the Hoover Institution at Stanford University but also serves on the boards of several multinational corporations (and is the son-in-law of the Estée Lauder family). "Inflation Hawk" at the Helm, Door to Rate Cuts Likely Slammed Shut Warsh takes office at a time when the US macroeconomy is at its most sensitive crossroads. In the past 48 hours, the US Bureau of Labor Statistics released April CPI (up 3.8% year-on-year) and PPI (up 6.0% year-on-year) data, both higher than expected, signaling that the inflation monster is clearly rebounding from the production side to the consumer side. What the market fears most is that Warsh has always been known in Wall Street and political circles for his staunch "inflation hawk" stance. Analysts warn that as Warsh takes control of the Fed's money printer, the market's previously anticipated "rate cuts this year" script may be completely torn up. Under the tone of "Higher for Longer," not only will US tech giants face valuation correction pressure, but crypto assets like Bitcoin (BTC), which are highly dependent on liquidity, must also prepare to face the challenges of severe monetary tightening.

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