Kevin Warsh to be sworn is as next Fed Chair on Friday, Fox Business reports

The confirmation of Kevin Warsh as the next Fed Chair indicates a potential shift in monetary policy direction, which markets will be keenly assessing. If his stance is hawkish, we could anticipate upward pressure on rates and the USD, possibly affecting cross-asset prices, especially in fixed income and forex. This news is especially important as we approach upcoming policy meetings and economic data releases.