Fed Chair Warsh: Inflation Too High, Ready to Act

The signal here is less the inflation diagnosis than the explicit readiness to act, which shifts the burden of proof toward incoming data rather than toward the Fed's patience. For crypto and RWA markets, the practical channel is the same one that has dominated the past cycle: expectations for the policy path, not the current stance. The remarks are thin on specifics, so the open question is whether this framing hardens into a stated bias at the next communication or remains rhetorical. Watch whether other Fed voices echo the same language.