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Kevin Warsh’s initial Federal Reserve staffing choices include a Project 2025 contributor, sparking scrutiny over the future direction of central bank independence and monetary policy.

While the Fed is expected to pause rate changes this week, shifting policy expectations and commentary from figures like Kevin Warsh are keeping investors on edge.

Cleveland Fed President Beth Hammack suggested the central bank may need to move faster than expected on rates, sparking market volatility as investors reassess future borrowing costs.

Fed Chair Kevin Warsh addresses the media today following his first policy meeting, where officials are widely expected to keep interest rates unchanged.