Fed Chair Warsh: US political factors played no role in rate decisions

The value here is in the categorical denial rather than any new policy signal: Warsh is pre-emptively walling off the Fed's rate path from the midterm calendar, a stance that matters most to anyone pricing political risk into US rates and, by extension, dollar-sensitive crypto and RWA markets. The remark lands without any accompanying outlook, so it settles a perception question while leaving the actual policy question untouched. Whether that firewall holds as the political calendar tightens is the open question.