Kevin Warsh

You made reference to Bitcoin, and I thought I heard a little bit of condescension that people are buying Bitcoin in these things.

Or it could provide market discipline, or it could tell the world that things need to be fixed.

Bitcoin does not make you nervous.

Bitcoin does not make me nervous.

I can harken back to a dinner I had here in 2011 with someone who is another guest on your show.

I won't say his name.

Okay, I just did Mark Andreessen, who showed me the white paper.

That was the original white paper.

I wish I had understood as clearly as he did how transformative Bitcoin and this new technology would be.

Bitcoin doesn't trouble me.

I think of it as an important asset that can help inform policymakers when they're doing things right and wrong.

It is not a substitute to the dollar.

I think it can often be a very good policeman for policy.

Chairman-designate Warsh has a long and illustrious career in history as a very insightful thinker on monetary policy.

I think he's a fantastic pick from the president.

I think he's got enormous credibility.

I think he's got enormous gravitas.

I think he's got enormous respect from financial markets, from economists, from everyone.

I think he's going to do just a knockout job.

And given the fact that inflation is still pretty tame, should they be doing a string of cuts into 2026?