Kevin Warsh Just Sent the Stock Market a Blunt 5-Word Warning. Here's What History Says Comes Next.
The Fed chair expressed concern over stubbornly high inflation, which could be bad news for the market.
Overview
The stock market has been in shaky territory lately, and the Federal Reserve could complicate matters further.
The S&P 500 (SNPINDEX: ^GSPC), Dow Jones Industrial Average (DJINDICES: ^DJI), and Nasdaq Composite (NASDAQINDEX: ^IXIC) have essentially flattened in recent months, with tech sector volatility, oil prices, and inflation concerns all fueling uncertainty.
Details
Last week, Kevin Warsh delivered a much-anticipated speech at his first Jackson Hole, Wyoming, conference as Federal Reserve chair. While he, as expected, declined to offer forward guidance, he did express concern about stubbornly high inflation, noting that "we have work to do." Here's why investors may want to prepare for potential volatility.
Source
Originally published at www.fool.com.