Kevin Warsh Just Suggested the Fed May Bring Down the Hammer on Inflation. Could It Spell Trouble for Wall Street?
The market wasn't happy with the new Fed chair's fighting words.
Overview
When a new CEO takes the reins at a company, they sometimes try to make an immediate high-impact statement, like Elon Musk carrying a porcelain sink into Twitter's headquarters in 2022 and tweeting, "Entering Twitter HQ-let that sink in!"
And while new Federal Reserve Chair Kevin Warsh's first move wasn't quite as flashy as Musk's, he certainly made a big splash at his first Federal Open Market Committee meeting. He left no doubt that he wasn't interested in "business as usual." Instead, he clearly signaled his intention to bring down the hammer on inflation.
Details
Here's what Warsh said and why it could spell trouble for Wall Street.
Source
Originally published at www.fool.com.
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