Trump Moves to Nominate Kevin Warsh, Markets Sell Off

The Trump administration is poised to nominate Kevin Warsh as Federal Reserve chair on Friday, prompting immediate market volatility as investors price tighter monetary policy. The DXY rose to 96.6, the 10-year Treasury yield neared 4.25%, the VIX jumped 13%, and Bitcoin slid toward $82,000; equities, commodities and crypto-linked stocks also fell. Traders repriced risk across asset classes amid a perceived hawkish tilt.