The Federal Reserve’s new boss didn’t cite the specific data he was monitoring, while repeating his objective to return inflation to 2 per cent.

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.

Fed's Warsh signals a potential rate hike in 2026 if inflation stays high. Inflation at 3.8% in June priced at 46.7% YES.