US President nominates Kevin Warsh as Federal Reserve Chairman

The President of the United States nominated Kevin Warsh as the new Chairman of the Federal Reserve. Kraken global economist Thomas Perfumo stated that this move may stabilize overall market liquidity, creating a complex macro context for Bitcoin and cryptocurrencies. Nic Puckrin, co-founder of Coin Bureau, believes that Kevin Warsh advocates reducing the Federal Reserve's balance sheet, and market concerns about a low liquidity environment have led to a decline in cryptocurrency, stock, and precious metal markets. According to CME Group data, 85% of market participants expect the March 18th meeting to keep interest rates unchanged.