President Donald Trump Just Threw Fed Chair Kevin Warsh Under the Bus, and Things Could Get Ugly for Wall Street

President Trump has begun publicly criticizing Fed Chair Kevin Warsh and the FOMC for maintaining elevated interest rates, despite initially supporting Warsh's nomination. The central bank is raising rates due to 'Trumpflation' caused by tariffs and the Iran war, which have pushed inflation to a 67-month high of 4.2%. With a 64% probability of at least 75 basis points in rate hikes by September 2027, the resulting higher borrowing costs could slow AI infrastructure investment and potentially trigger a stock market correction.