A top economist says Trump’s Fed pick Kevin Warsh could shock markets with massive rate cuts

Economist Robin Brooks expects the Warsh-led Fed to cut rates hard and fast, contradicting fears of slower easing. What to know : Trump's Fed pick Warsh to slash rates by 100 basis points before the mid-term elections, economist Robin Brooks who correctly predicted Japan's fiscal issues said Tuesday. Rapid easy could send the dollar lower and turbocharge the crypto bull market. Bitcoin, gold and silver plunged late last week as fears gripped markets that Warsh will be slow to cut rates.