Just caught something worth paying attention to regarding the Fed's next moves. There's growing talk that Trump's pick for Fed chair, Kevin Warsh, might push for some seriously aggressive rate cuts if he takes the position. We're talking about potentially 100 basis points in cuts this year, which translates to a full 1 percentage point of easing.

That's actually pretty significant when you think about it. A 100 basis point cut in a single year would be pretty bold by recent standards, and it could fundamentally reshape how markets are pricing in monetary policy going forward. The economist making this case is basically saying Warsh wouldn't mess around if given the chance.

What makes this interesting is the contrast with where we've been. If this scenario plays out, it would signal a major shift toward looser monetary conditions. Markets are already pricing in some rate relief, but a full percentage point of cuts could be a game-changer for everything from crypto to traditional assets.

The crypto space especially tends to react pretty sharply to Fed policy expectations. Easier monetary conditions usually create more appetite for risk assets, and that's something worth monitoring as this situation develops. Whether Warsh actually gets the nod and whether he'd actually follow through on aggressive cuts are separate questions, but it's the kind of policy shift that could move markets significantly.