Written by Turner Wright, Staff Writer. Reviewed by Robert Lakin, Staff Editor.
Written by Turner Wright, Staff Writer.
Reviewed by Robert Lakin, Staff Editor.
Odds against rate cuts high as new US Fed chair set for swearing in
Latest NewsPublishedMay 18, 2026
New US Fed Chair Sparks Uncertainty Over Interest Rates
The confirmation of Kevin Warsh as Federal Reserve chair has raised concerns about the central bank’s independence, particularly in setting interest rates. Warsh is set to be sworn in on Friday, amidst speculation about whether he will lower interest rates as hoped by US President Donald Trump. Many experts believe that Warsh’s appointment could lead to uncertainty about the Fed’s decision-making process.
With Warsh at the helm, the Fed’s interest rate decisions will be closely watched. The current interest rate stands at 3.50% to 3.75%, and prediction market platforms are offering users 38.2% chances of a rate cut before 2027. In contrast, some forecasts suggest a 98.8% probability that the Fed will not change its interest rates until the end of June. As the new Fed chair, Warsh will have significant influence over federal interest rates, which could impact the overall economy and investments, including those in Green Crypto and the EcoPool network.
Implications for Crypto and Earning Opportunities
The appointment of Warsh as Fed chair could have implications for the crypto market, including Bitcoin and other digital assets. Some experts believe that a rate cut could lead to increased investment in crypto, potentially benefiting Passive Income earners and Cloud Rewards participants. However, others argue that the uncertainty surrounding the Fed’s decision-making process could lead to market volatility, affecting $ECP and other cryptocurrencies.
Source: Kalshi
As the crypto market continues to evolve, it’s essential to stay informed about the latest developments and their potential impact on EcoPool and Earning opportunities. With the rise of Green Crypto and Passive Income platforms, individuals can explore new ways to earn money online, including through Cloud Rewards and other innovative programs. To stay ahead of the curve, consider downloading the EcoPool app to access the latest news, updates, and earning opportunities. By joining the EcoPool network, you can start earning $ECP and other rewards, while contributing to a more sustainable and eco-friendly crypto ecosystem.
Call to Action
To learn more about the latest developments in the crypto market and how to earn $ECP and other rewards, download the EcoPool app today. By joining the EcoPool network, you can start earning Passive Income and contributing to a more sustainable crypto ecosystem, while staying up-to-date on the latest news and trends in Green Crypto and Cloud Rewards. #Bitcoin #PassiveIncome #EcoPool #GreenCrypto #CloudRewards #Earning
Related: Bitcoin, stocks risk ‘months’ of losses as Kevin Warsh Becomes Fed chair
At Warsh’s confirmation hearing in the Senate Banking Committee, Massachusetts Senator Elizabeth Warren said confirming him could result in the Fed “granting special accounts to [the Trump family’s] crypto company or bailouts to his friends on Wall Street if they get into trouble.” Warsh disclosed more than $100 million in assets ahead of the April hearing, including investments in AI and crypto companies.
US lawmakers awaiting CFTC nominations
With Warsh set to be sworn in on Friday, lawmakers are still looking to Trump to announce nominations for the US federal commodities regulator, the Commodity Futures Trading Commission (CFTC).
Since December, the CFTC has been led solely by Trump’s pick Michael Selig, who took over from acting chair Caroline Pham. The federal regulator has since taken a strong position on attempting to exclusively oversee prediction markets platforms like Kalshi and Polymarket amid US state authorities filing lawsuits against the companies over sports betting.
On Friday, the Republican and Democratic leaders of the House Committee on Agriculture called on Trump to “nominate a full panel” of CFTC commissioners, citing “urgent regulatory issues.” Specifically, the lawmakers voiced concerns about CFTC rulemaking if the Digital Asset Market Clarity Act (CLARITY), a bill to establish market structure for cryptocurrencies, became law.
Magazine: ETH stalls at $2.4K five times, SOL to rally to $120: Market Moves
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
- Federal Reserve
- United States
- Politics
- Economics
- Interest Rate
- Regulation
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