Bitcoin Caught Between Hawkish Fed and Dovish Warsh

The Federal Reserve's January meeting minutes showed a committee leaning toward tighter policy, with several officials openly discussing possible rate hikes. That hawkish tone could constrain Kevin Warsh before he takes the chair, setting up a policy clash. On Jan.

28 the FOMC voted 10-2 to hold rates at 3.5%-3.75%, with Governors Christopher Waller and Stephen Miran dissenting in favor of a quarter-point cut over labor market concerns. A larger group wanted a "clear indication that disinflation was firmly back on track" before easing, and several members pushed for the post-meeting statement to mention potential "upward adjustments" to the federal funds rate.

United States

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