Fed's Role: Referee or the Best Player? New Battlefield in Chip Crisis

The Federal Reserve kept interest rates unchanged, sending a strong signal to markets. Chair Kevin Warsh hinted that the Fed may adopt a more independent policy in the future. This raises questions about whether Warsh can deliver the Fed he envisions, particularly as it relates to chipmakers like Nvidia and TSMC. The implications for the global supply chain and semiconductor industry are significant. Additionally, the outlook for gold and bitcoin was discussed, adding another layer to the ongoing debate. These developments are pushing financial markets into a new phase of the chip crisis.