In 6 Words, Fed Chair Kevin Warsh Just Dropped the Hammer on Wall Street

New Fed Chair Kevin Warsh signaled a hawkish stance on inflation during his first FOMC meeting, declaring the committee will deliver price stability. With inflation rising to 4.2% and nine of 18 FOMC members expecting rate hikes by year-end, the prospect of higher interest rates poses a significant threat to the expensive stock market, particularly to debt-financed AI data center investments.