At an international monetary policy forum, Federal Reserve Chair Kevin Warsh stressed the necessity of maintaining a 2% inflation target. He notably refrained from giving any forward guidance on interest rates. Warsh's remarks have sparked debate among economists regarding potential future rate increases, as global central banks adopt varying approaches to tackle inflation and uphold the independence of the Federal Reserve.

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.