Treasury Secretary Scott Bessent expects 'substantial disinflation' under new Fed Chair Kevin Warsh, signaling potential rate cuts that could impact crypto markets.

New Fed chief inherits an institution split over rates, with inflation stuck above the 2% goal and energy costs climbing due to the Iran war

Rate hikes now loom as a possibility for Warsh's Fed, a sharp turn from the rate-cut environment that defined Trump's search for a new chair