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Bitcoin outlook at risk as Bessent urges Senate to advance Warsh nomination
Bitcoin’s recent recovery could be hanging in the balance as the political deadlock over Kevin Warsh’s nomination to lead the US Federal Reserve deepens, raising fresh concerns about prolonged dollar tightening and the erosion of risk appetite across digital asset markets. Treasury Secretary Scott Bessent has urged the Senate Banking Committee to begin confirmation hearings for Warsh without further delay, even as a Department of Justice investigation into current Fed Chair Jerome Powell remains unresolved. Warsh, a known fiscal hawk and proponent of balance sheet reduction, has already unsettled markets since ... (full story)
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From finance.yahoo.com | Feb 8, 2026
U.S. Treasury Secretary Scott Bessent said on Sunday he would not expect the Federal Reserve to move quickly to shrink its balance sheet, even under Fed chief nominee Kevin Warsh, who has criticized the U.S. central bank's bond purchases. Bessent said on Fox News Channel's "Sunday Morning Futures" program that the Fed could take up to a year to make ...
