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Warsh Takes Fed Helm May 22 With No Rate-Cut Pledge as Iran Strike Slips
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CoinEx News: Kevin Warsh will be sworn in as Federal Reserve chair on May 22 at a White House ceremony hosted by Trump. He has made no rate-cut commitment as April CPI came in at 3.8% YoY, above the 3.7% consensus, reviving price pressure. A planned US strike on Iran, reportedly set for May 19, was delayed to allow negotiations pushed by Gulf allies including Qatar, Saudi Arabia and the UAE, but US forces remain on standby at "moment's notice" readiness. US spot Bitcoin ETFs saw a ~$648 million single-day outflow on May 18, the biggest since late January. Ether ETFs net-redeemed a sixth straight day. The Trump-backed chair brings no near-term easing and the Iran risk is deferred, not cleared, leaving crypto positioning defensive and ETF flows negative into June.

Source: CoinEx

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