Trump nominates Kevin Warsh to replace Jerome Powell as Fed Chair in March amid crypto and market jitters

On 4 March, U.S. President Donald Trump formally sent Kevin Warsh's nomination to the Senate to replace Jerome Powell as Federal Reserve Chair, signaling a possible shift toward faster rate cuts. Warsh's candidacy comes as inflation hovers near 2.7% and Bitcoin trades above $72,000, while political backlash in the Senate and a criminal probe into Powell complicate the path forward for markets and digital assets.