Markets are preparing for Federal Reserve Chair Kevin Warsh’s first Federal Open Market Committee (FOMC) meeting since taking office in May.
Traders are searching for any and every clue about the future path of interest rates
But a mysterious Bitcoin (BTC) whale surfaced just days before the meeting scheduled for Tuesday. Kevin Warsh’s first FOMC takes center stage The Federal Reserve is widely expected to leave interest rates unchanged at its June 16-17 meeting, with policymakers scheduled to release their rate decision on June 17 at 2:00 p.m. ET.
This will be followed by Warsh’s first press conference as Fed chair. But investors are focused less on the decision itself and more on what Warsh says afterward. Warsh replaced Jerome Powell as Fed chair in May following Powell’s eight-year tenure.