Fed Chair Kevin Warsh Just Shifted the Central Bank's Entire Focus on Inflation in One Sentence
Fed Chair Kevin Warsh has signaled a stricter approach to inflation control, emphasizing that price declines must occur 'at sufficient speed' rather than just declining gradually. This statement leaves the door open for potential rate hikes and threatens the valuations of AI-driven stocks that have fueled the recent bull market, as higher borrowing costs could slow data center expansion and force a rerating of growth stocks.