Powell OUT, Warsh IN as Fed Chairman SOON!

[EarnOnVictor]

Kevin Warsh has recently been voted in by U.S. Lawmakers in the Federal Reserve Board Of Governors. In a separate vote, he'll be one of the leading candidates to replace Jerome Powell as the Federal Reserve Chairman.

I believe that Kevin Warsh's investments include a portfolio of different companies in crypto, and perhaps some Bitcoin too. He'll probably be the first Fed Chairman who'll be having a large amount familiarity in Bitcoin if he wins the vote for Chairman.

-Snip-

He'll be a puppet and do what? Pivot to Full Q.E., and expand the money supply? That's probably why all of us PLEBS should own some Bitcoin, no? Let's hedge against the legacy financial system!

If indeed the Federal Reserve actually cared about the value of the fiat money they issue, then that's definitely a situation that makes Bitcoin, Gold and other scarce assets a bad investment.

Lol...this is funny! So you think my statement about being a Trump's puppet is crypto-inclined? Then you must be very wrong. That statement was one out of many, and crypto consideration for being a crypto person can only be the least of it. Perhaps you think this position will influence crypto as such? Then think otherwise, because these guys have bigger fishes to fry than for you to even think towards that angle. And if you must know, FED's absolute independence is my concern, as Trump likes to control everything, directly or indirectly.

[Kelward]

I have read about this man, he has referred to bitcoin as new gold for younger investors and an important asset for policymakers according to where I read about him. I believe United States will continue to be friendly about bitcoin during his time if he become the Fed Chair. Everything he says about bitcoin is just so true, unlike those that will not know about something, but be criticizing the thing.

I wasn't familiar with the name until recently, I congratulate him for being the new Fed chairman, he was confirmed on the 13th of this may, I hope that his tenure will bring more prosperity to the American people. I agree that his administration will be a plus for the crypto community as he has vested interest in cryptocurrency although it is still quite early to conclude that he will push for more friendlier cryptocurrency.

I'm quite sure that his priority will be to dance to the tunes of his electorates if he wants a smooth sailing for his administration. As a leader if you're bent on having your ways in everything those who made sure that you're in power will try to give you problems unless your aspirations aligns, let us watch and see how he performs and if he integrates more crypto policies.

[Swordsoffreedom]

Donald Trump have been very vocal about Jerome Powell and his policies as the Federal Reserve Chairman, concerning inflation and interest rates which he has always advocated for him to reduce interest rates so the American economy could function better.

However Jerome Powell have refused to listen to Donald Trump, which have always caused both of them to be in loggerheads, I think this was one of the reason why he has to leave the office.

We all know that Kevin Warsh is Donald Trumps Choice, and it’s a good team for Donald Trump himself for someone he can trust and work with and from my knowledge he knows more about cryptocurrency most especially bitcoin and he is an investor in cryptocurrency, its an added advantage to Bitcoin holders.

Having a Fed chairman who is crypto friendly and even invest in crypto is definitely good news. However, it is important to note that Kevin Warsh replacing Powell will not make thing change immediately or easily

Monetary policy cannot be easily changed just because we have a new Fed chairman. Fed operates based on economic data, and its decision are made through voting, not based on the personal views of the chairman.

Like Jerome Powell, Kevin Warsh only has one vote, not absolute power to decide everything at the Fed

Trump's replacement of Powell with a close associate only gives him a slight advantage in the Fed's monetary policy decision, not complete control over the Fed. Therefore, we should not get too excited about this news.

[letteredhub]

I have read about this man, he has referred to bitcoin as new gold for younger investors and an important asset for policymakers according to where I read about him. I believe United States will continue to be friendly about bitcoin during his time if he become the Fed Chair. Everything he says about bitcoin is just so true, unlike those that will not know about something, but be criticizing the thing.

I wasn't familiar with the name until recently, I congratulate him for being the new Fed chairman, he was confirmed on the 13th of this may, I hope that his tenure will bring more prosperity to the American people. I agree that his administration will be a plus for the crypto community as he has vested interest in cryptocurrency although it is still quite early to conclude that he will push for more friendlier cryptocurrency.

I'm quite sure that his priority will be to dance to the tunes of his electorates if he wants a smooth sailing for his administration. As a leader if you're bent on having your ways in everything those who made sure that you're in power will try to give you problems unless your aspirations aligns, let us watch and see how he performs and if he integrates more crypto policies.

Being the Fed Chair is a lot of weight to bear and I should believe that Kevin Warsh has a clear clue of his new position responsibilities and what's expected of him to deliver for the US economy. That said, I don't want to in a haste score him to be someone that would be mostly friendly with cryptocurrency and bitcoin in particular as it's just too early to conclude he's going make decisions that would drive bitcoin up there to the moon. We have had pominents speak with great support about bitcoin but after getting positioned their actions never matched with their previous statements anymore.