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Kevin Warsh Comments Send Shiver Down Investors' Spines. Would He Really 'Murder This Bull Market?'
The Fed held rates steady and Warsh cut the meeting statement, while the S&P 500 logged its worst first-day drop under a new chair since 1994, Bespoke said.
- On Wednesday, June 17, 2026, The Dow Jones Industrial Average fell more than 500 points during Federal Reserve Chairman Kevin Warsh's inaugural policy meeting, marking the worst "Fed day" performance for a new chair since 1994.
- The Federal Open Market Committee kept interest rates unchanged within the 3.50%-3.75% range, yet nearly half of policy makers signaled support for a potential rate hike later this year.
- Breaking a 14-year precedent, Warsh abstained from participating in the SEP, which includes the "dot plot," reflecting his philosophical concerns about The Fed's forward-looking guidance.
- Chairman Warsh announced five policy task forces to examine central aspects of monetary policy, including communications and inflation framework, while significantly paring down the customary policy statement.
- The Fed funds futures now indicate the central bank could raise rates as soon as October, while DoubleLine Capital CEO Jeffrey Gundlach said Warsh "plans on delivering on price stability.
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Kevin Warsh Comments Send Shiver Down Investors' Spines. Would He Really 'Murder This Bull Market?'
The post Kevin Warsh Comments Send Shiver Down Investors’ Spines. Would He Really ‘Murder This Bull Market?’ appeared first on 24/7 Wall St.. Warren Pies of 3Fourteen Research: S&P 500 (SPY) bull market intact because strong earnings growth neutralizes Fed tightening until policy becomes true headwind. S&P 500 projected 20%+ earnings growth in 2026, 10% forward sales growth; U.S. corporate profits $4,392.5B in 2026 Q1, up 12% YoY. If Fed Chai…
·New York, United States
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The IndependentReposted by 
The Independent (US)
The Independent (US)Dow falls 500 points in worst day for new Fed chair since 1994
The broader S&P 500 also dipped 1.2 percent and the Nasdaq fell 1.4 percent
·London, United Kingdom
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Coverage Details
Total News Sources11
Leaning Left4Leaning Right0Center2Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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