New Federal Reserve Chair Kevin Warsh signaled at least one interest-rate increase before the end of 2026, using a six-word remark that markets read as a policy shift. U.S. equities sold off, with the S&P 500 down 1.2% and the Nasdaq Composite down 1.3%. President Donald Trump said higher rates were “hard to believe” and complained they “keep a country down,” while still voicing confidence in Warsh as his pick. The comment was treated as a clear turn in policy expectations and sparked short-term pressure on stock indexes.

The article cites a JPMorgan projection that gold will rise to $6,000/oz before 2027 and uses it to promote a Gold IRA product. The forecast is presented as a supporting point within a personal-finance advice scenario, without citing underlying data or model details. The piece does not discuss near-term drivers such as gold supply and demand, central bank buying or changes in real interest rates, and it has no direct trading link to JPMorgan stock.

Federal Reserve Chair Kevin Warsh has rejected the use of forward guidance, arguing that markets — not the central bank — should lead interest-rate pricing. Investors have repriced toward earlier and steeper rate hikes, pushing short-end Treasury yields to a one-year high in a single session while the 10-year yield rose and then eased back, flattening the curve. Nine FOMC officials have signaled at least one hike this year, and markets now fully price the first increase for October. The shift marks a major change in how the Fed communicates and has directly hit rate-sensitive assets.