President Donald Trump and Fed Chair Kevin Warsh Are on a Collision Course Over Interest Rates, and Things May Get Ugly for Wall Street

President Trump's handpicked Fed Chair Kevin Warsh has taken over the Federal Reserve, but the two are on a collision course over interest rates. While Trump pushes for aggressive rate cuts to stimulate the economy and reduce debt servicing costs, Warsh is focused on price stability amid inflation spikes caused by Trump's tariffs and the Iran war. Warsh's hawkish voting record and commitment to fighting inflation suggest rate hikes may come, creating uncertainty for an already expensive stock market.