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#WarshTakesFedChair Kevin Warsh gets his Senate confirmation today. On May 15, he takes over from Powell — the biggest Fed leadership shift in decades 🏛️
Warsh leans hawkish. Markets are already repricing the rate path. April NFP came in at 115K, beating forecasts for the second straight month. ADP also strong 💪. Strategist Ira Jersey put it plainly: "hard to see the Fed cutting here."
Hawkish new chair + resilient jobs data = rate cut expectations nearly wiped out for the year ⚠️
Three questions worth sitting with:
→ Powell's "data-dependent" era is over. With Warsh at the helm, do you see any realistic path to cuts in 2024? 🤔
→ Fed chair transitions have historically moved markets. How does BTC perform around major Fed leadership shifts — hedge or risk-off? 👀
→ NFP beats + hawkish chair = rate cut narrative almost gone. What does that mean for the altcoin bounce thesis? Does liquidity stay locked? 📊
Дисклеймер: контент OKX Orbit предоставляется исключительно в информационных целях. Подробнее
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