New Fed chairman Kevin Warsh held rates at 3.50%-3.75% at his first FOMC meeting, called inflation 'a choice,' and launched five task forces to reform Fed

Kevin Warsh chairs his first FOMC meeting with rates expected to hold at 3.5%-3.75%. With CPI at 4.2%, markets eye potential hikes and crypto implications.

Warsh takes over the Fed as inflation tops 3%, labor markets strengthen, and officials increasingly consider rate hikes.