New Federal Reserve Chair Sworn In, but Rate Cut Odds Remain at 0

Cointelegraph Staff

(10:12 PM UTC)

1 min read

Kevin Warsh was sworn in on Friday as the chairman of the United States Federal Reserve, but investors and traders still forecast no interest rate cuts for the rest of 2026.

Speaking at the ceremony, US President Donald Trump said that Warsh will remain “independent” of the Executive Branch regarding interest rate policy, and claimed that employment numbers are at record levels.

“Thankfully…

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