Kevin Warsh is President Donald Trump’s pick to be the next Chairman of the Federal Reserve. Trump has grumbled publicly about current Fed Chair Jerome Powell practically since the beginning of his second term. Now, the president has named a replacement. Not surprisingly, Warsh is a prominent critic of the Fed—and Powell.  Warsh was a Fed governor during the financial crisis, and like Trump, he favors lower interest rates in the short term. During the pandemic, Warsh also warned that ongoing expansions of the central bank’s balance sheet could spark inflation. As The Wall Street Journal notes, he’s usually been…

The crypto market’s tight links with traditional markets laid bare Friday as a sharp slide in metal prices shook out millions in leveraged bets on blockchain versions of gold, silver, and copper.Three-month copper futures on the London Metal Exchange (LME) fell nearly 4% from Thursday’s peak above $14,500 a ton, settling closer to $13,000 amid technical disruptions at the LME, and a sharp shift in positioning by Chinese traders. The move marked a pause after a relentless run driven by Chinese demand, energy transition optimism and a weaker U.S. dollar. Gold and silver prices fell by 4% and 5.9%, respectively.…

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