Warsh Sworn In as New Chair While Fed Is Boxed In -- Market Talk

Dow Jones01:34

1334 ET - Now that Kevin Warsh has sworn in as the new Fed chair, economists are noting how the central bank is in a tight scenario as the conflict in the Middle East continues. "While inflation risks are garnering most of the attention, damage to the real economy will begin to build over the coming months, though we think it's still too early to see much of that in the April spending data due out next week," Oxford Economics writes. The increasingly hawkish tone raises the risk that the Fed will wait longer to cut rates, they continued. Next week, investors will get a read on PCE inflation, the Fed's preferred measure of price pressures. (jessica.coacci@wsj.com)

(END) Dow Jones Newswires

May 22, 2026 13:34 ET (17:34 GMT)

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