Fed's Warsh says inflation risks have decreased while maintaining a 2% target. Rate cut in next three meetings at 0.4% YES.

New Fed Chair Kevin Warsh held rates at 3.5-3.75% while vowing to hit 2% inflation, rattling Bitcoin and equities with hawkish rhetoric.

New Fed Chair Kevin Warsh held rates steady at his first FOMC meeting but signaled a potential hike as inflation hits 4.1%, the highest in three years.