Warsh Says Fed Doesn't Want to Be in the 'Bailout Business'

Fed Chair Kevin Warsh said the Federal Reserve wants to avoid “bailing out anybody, including crypto.” The message implies limited policy support for the crypto sector in stress scenarios, which is a negative (risk-off) signal for crypto risk appetite.

Analysis

Fed Chair Kevin Warsh said the Federal Reserve wants to avoid “bailing out anybody, including crypto.” The message implies limited policy support for the crypto sector in stress scenarios, which is a negative (risk-off) signal for crypto risk appetite.