Warsh on the Way: Hawkish Fed Tilt Could Weigh on Stocks
As Jerome Powell’s term ends on May 15, a hawkish Warsh could push the Fed toward higher rates and a smaller balance sheet, dimming hopes for further rate cuts. Compounded by Iran-related oil shocks that are fueling inflation, this shift may raise borrowing costs and dampen stock-market gains after a prolonged bull run.