{
    "success": true,
    "data": {
        "id": 1713030,
        "msgid": "powell-to-warsh-transition-leaves-markets-in-limbo-crypto-faces-volatility-threat-1777639913",
        "date": "2026-05-01 19:21:00",
        "title": "Powell to Warsh Transition Leaves Markets in Limbo, Crypto Faces Volatility Threat",
        "author": "Erlangga Djumena",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Finance",
        "summary": "The transition of Federal Reserve leadership from Jerome Powell to Kevin Warsh, approved by a narrow 13-11 committee vote, is injecting uncertainty into financial markets, particularly affecting the volatile cryptocurrency sector sensitive to liquidity and interest rates. Powell will remain as a Fed Governor until January 2028, retaining influence over monetary policy decisions through the FOMC and Board of Governors, preventing immediate shifts in policy direction. Politically, this continuity limits President Trump's ability to appoint a new aligned figure, locking the Board's composition until at least 2028 and underscoring the Fed's independence amid potential governmental pressures.",
        "content": "<p>JAKARTA, KOMPAS.com - The leadership change at the Federal Reserve\nfrom Jerome Powell to Kevin Warsh is capturing the attention of markets.\nRather than immediately sparking bullish or bearish sentiment, the\ntransition of the top figure at the United States\u2019 central bank is\ninstead adding to market uncertainty, particularly for cryptocurrencies\nthat are sensitive to liquidity and interest rates. Tokocrypto CEO\nCalvin Kizana assesses that the switch from Powell to Warsh cannot be\nsimply read as a positive or negative signal for the crypto market.\nWarsh will indeed replace Powell as Fed Chair after passing the\ncommittee vote with a score of 13-11. Powell will continue to serve as a\nFed Governor after his term as chair ends on 15 May. Thus, he will no\nlonger be the main figure, but he will still have a vote in monetary\npolicy decision-making until his term as governor ends in January 2028.\n\u201cThe situation becomes more complex because Powell will continue to\nserve as a Fed Governor after his term as Chair ends on 15 May (2026),\u201d\nCalvin said when contacted by Kompas.com on Friday (1\/5\/2026). \u201cThis\nmeans Powell is no longer the face of the Fed, but he still has a vote\nin monetary policy decision-making until his term as governor ends in\nJanuary 2028,\u201d he explained. This structure is crucial because interest\nrate decisions are not determined by the chair alone, but through a\ncollective mechanism in the Federal Open Market Committee (FOMC), the\nFed\u2019s main committee, as well as the Board of Governors. Thus, even\nthough Warsh serves as chair, the direction of policy cannot change\ndrastically in a short time. From a political perspective, the\ncontinuity of Powell\u2019s position on the Board of Governors is seen to\nhave significant implications. As long as Powell remains in office, US\nPresident Donald Trump cannot immediately appoint a replacement for that\nseat. If Powell were to resign completely, Trump would have the\nopportunity to add a new figure aligned with government policy, thereby\nstrengthening political influence within the Fed. However, with Powell\nstaying on, the composition of the Board of Governors remains relatively\nlocked until 2028, unless other vacancies occur.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/powell-to-warsh-transition-leaves-markets-in-limbo-crypto-faces-volatility-threat-1777639913",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}