One Sentence From Fed Chair Kevin Warsh Delivers a Dire Warning to Wall Street and Investors

Key Points It’s been a year of historic change at the nation’s central bank, with new Fed Chair Kevin Warsh kicking off only the fourth rate-hiking cycle of the 21st century on Sept. 16. Warsh’s prepared remarks to reporters after the September Federal Open Market Committee (FOMC) meeting show displeasure with the pace of progress on inflation. Wall Street’s artificial intelligence (AI)-driven bull market is priced for perfection and can ill afford the uncertainty brought about by a rate-hiking cycle. 10 stocks we like better than S&P 500 Index › When Kevin Warsh was sworn in as the 17th head of the Federal Reserve on May 22, he vowed to lead a "reform-oriented" central bank.