3 Words From Fed Chair Kevin Warsh That Are Sending Shockwaves Through Wall Street
The head of the central bank just outlined an inflation ultimatum.
Overview
The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) rocketing to several new highs isn't the only important milestone of 2026. On May 22, we also welcomed a new Fed chair for only the 17th time since the central bank's creation in December 1913.
President Donald Trump's handpicked successor to Jerome Powell, Kevin Warsh, has come onto the scene with a bang. During Warsh's swearing-in ceremony, he promised to lead a reform-oriented Fed, and has thus far lived up to his word.
Fed Chair Kevin Warsh's Jackson Hole keynote address was a doozy. Image source: Official White House Photo by Daniel Torok.
Details
Source
Originally published at www.fool.com.
Related Articles
- Nvidia Just Returned a Record $26 Billion to Shareholders After Increasing Its Dividend by 2,400%. I Predict Another Massive Dividend Increase.
- Intuitive Surgical's Worst Stretch in Years Isn't Scaring Wall Street -- Here's What Analysts Are Focused On Instead
- Soft Rotation Underway: Why Capital Is Quietly Flowing from Tech Into Dividend ETFs