Kevin Warsh held his first FOMC meeting as Fed chair, keeping rates at 3.5%-3.75% while signaling reduced forward guidance, rattling stocks and Bitcoin.

The Federal Reserve is expected to hold rates at 3.50%-3.75% at its June meeting, with 96% probability. New chair Kevin Warsh faces his first FOMC decision.

US Federal Reserve Chairman Kevin Warsh kicked off his first meeting in charge of the central bank's rate-setting committee on Tuesday, with policymakers largely expected to keep…