{"id":74222,"date":"2026-06-18T19:14:14","date_gmt":"2026-06-18T19:14:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/new-fed-chair-kevin-warsh-ditches-rate-signals-bitcoin-slides-as-nasdaq-bounces-1-5\/"},"modified":"2026-06-18T19:14:14","modified_gmt":"2026-06-18T19:14:14","slug":"new-fed-chair-kevin-warsh-ditches-rate-signals-bitcoin-slides-as-nasdaq-bounces-1-5","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/new-fed-chair-kevin-warsh-ditches-rate-signals-bitcoin-slides-as-nasdaq-bounces-1-5\/","title":{"rendered":"New Fed Chair Kevin Warsh Ditches Rate Signals, Bitcoin Slides as Nasdaq Bounces 1.5%"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Fed Chair Kevin Warsh and the rest of the board held rates at 3.50%-3.75% and eliminated forward guidance at the June 17 FOMC meeting.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin dropped to an intraday low of $62,236 on Thursday, June 18, as risk assets repriced Fed uncertainty.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Nine FOMC dot plot participants projected at least 1 rate hike by year-end 2026, with PCE seen at 3.6%.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Rates Hold, Statement Shrinks<\/h2>\n<p>The Fed <a href=\"https:\/\/news.bitcoin.com\/kevin-warshs-fed-holds-firm-as-energy-prices-lift-inflation\/\">held<\/a> the federal funds rate at 3.50% to 3.75% on a unanimous 12-0 vote following the June 16-17 FOMC meeting. The Committee also reaffirmed its ample reserves policy, continuing the path set under his predecessor Jerome Powell, who left office in May.<\/p>\n<p>What changed was everything else.<\/p>\n<p>The policy statement issued after the meeting was one of the shortest in decades. Warsh <a href=\"https:\/\/www.federalreserve.gov\/mediacenter\/files\/FOMCpresconf20260617.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">described<\/a> the new approach directly: \u201cIt\u2019s a bit shorter, a bit simpler, and it dispenses with some older language. That statement just gives you the facts as best we can judge it.\u201d<\/p>\n<h2>Forward Guidance Gone<\/h2>\n<p>The most immediate break from recent Fed practice was the removal of forward guidance entirely. Warsh addressed it plainly at the press conference: \u201cWe\u2019ve dropped forward guidance.\u201d He went further, saying that \u201cas a general proposition, forward guidance isn\u2019t the business we should be in.\u201d<\/p>\n<p>The shift is significant for markets that spent years reading <a href=\"https:\/\/news.bitcoin.com\/fed-joins-4-agencies-to-demand-id-programs-from-payment-stablecoin-operators\/\">Fed<\/a> language for signals on rate timing. Without those signals, participants now have to price rate decisions based on incoming data rather than Fed telegraphing.<\/p>\n<p>Nine FOMC members submitted dot plot projections leaning toward at least one rate hike by year-end. Warsh did not submit a dot, consistent with his long-standing skepticism of the Summary of Economic Projections format. He noted his colleagues submitted their forecasts \u201cwith pencils,\u201d suggesting no firm commitments.<\/p>\n<p>The median SEP projection has PCE <span>inflation<\/span> running at 3.6% this year, with the policy rate ending 2026 at 3.8%.<\/p>\n<h2>Five Task Forces, Starting This Fall<\/h2>\n<p>Warsh announced five new task forces covering Fed communications, balance sheet policy, data sourcing, productivity, and artifcial intelligence (AI), and <span>inflation<\/span> frameworks. He said work begins in the coming weeks, with initial findings expected in the fall and most conclusions by year-end.<\/p>\n<p>The communications task force will likely revisit the SEP structure, press conference format, and the dot plot itself.<\/p>\n<h2>Market Reaction: Stocks Down, Then Up<\/h2>\n<p>Equities sold off immediately following the June 17 announcement. The S&amp;P 500 fell approximately 1.21% to around 7,420. The Dow dropped roughly 507 points, or about 0.97%. The Nasdaq declined approximately 1.3%.<\/p>\n<p>By midday June 18, markets were recovering. The S&amp;P 500 was trading near 7,474 to 7,495, up 0.7% to 1.0%. The Nasdaq led with a gain of 1.3% to 1.5%. The Dow added a modest 0.25% to 0.3% after the prior session\u2019s losses.<\/p>\n<p>Analysts pointed to bargain hunting and easing oil prices as partial drivers of the rebound.<\/p>\n<h2> <span>Bitcoin<\/span> Feels the Pressure<\/h2>\n<p> <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a> did not bounce with equities. As of midday June 18, the price was below $63,000 and had touched an intraday low of $62,236 on Bitstamp. <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Crypto<\/a> markets tend to react sharply to shifts in Fed rate expectations and policy uncertainty, and Warsh\u2019s explicit removal of forward signals added weight to the short-term sell pressure.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>Some onchain data, including <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-bitcoin-whales\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">whale<\/a> holdings and long-term holder supply, continues to show underlying accumulation patterns. But price action near the $62,000 level reflects the broader unease that comes with a Fed regime that has stopped telegraphing its next move.<\/p>\n<h2>What\u2019s Next<\/h2>\n<p>The next major macro input arrives later in June with the PCE <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-inflation\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">inflation<\/a> report, which will be one of the first data points on which Warsh\u2019s new framework will be tested. Geopolitical factors tied to the Middle East conflict and oil prices remain in play.<\/p>\n<p>Markets are adjusting to a Fed that says it will deliver price stability without telling anyone exactly when or how.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/new-fed-chair-kevin-warsh-ditches-rate-signals-bitcoin-slides-as-nasdaq-bounces-1-5\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Fed Chair Kevin Warsh and the rest of the board held rates at 3.50%-3.75% and eliminated forward guidance at the June 17 FOMC meeting. Bitcoin dropped to an intraday low of $62,236 on Thursday, June 18, as risk assets repriced Fed uncertainty. Nine FOMC dot plot [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":74223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74222"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74222"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74223"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}