Fed Chair Warsh Declines to Comment on Any Discussions With Trump

The silence itself is the signal: a sitting Fed chair choosing not to confirm or deny contact with the president keeps the question of central bank independence alive without resolving it. For crypto and RWA markets, which trade heavily on rate-path expectations and institutional credibility, that ambiguity matters more than any single comment would. The open question is whether this non-answer becomes a pattern that invites further scrutiny of Fed communications, or fades as a one-off.