The Federal Reserve kept rates unchanged but signaled potential rate hikes under new Chair Kevin Warsh as inflation concerns persist, sending Bitcoin and stocks lower.
President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, cleared a key Senate hurdle Tuesday, putting a bitcoin-friendly former Fed governor one vote away from becoming the most powerful central banker in the world.
Bitcoin price jumped above $94,000 after the Federal Reserve cut its benchmark rate 25 basis points to 3.50%–3.75% to support jobs and curb elevated inflation.
The Federal Reserve cuts its benchmark interest rate by 0.25% today to 3.75%-4% The last time the Federal Reserve cut rates was in September 2025. There