Kevin Warsh’s Fed Could Rattle Markets Accustomed to Powell’s Guidance

The article says the S&P 500 has rebounded about 4% recently, but that the move could fade after a Federal Reserve meeting, with an 8% pullback seen as more likely. It attributes the upswing partly to oil slipping to its lowest levels since the U.S.-Iran conflict began, alongside strength in AI and semiconductor stocks. It also argues that if Kevin Warsh becomes Fed chair, a less transparent communication style than Jerome Powell’s could heighten policy uncertainty for markets.