A Different Fed Regime Under Warsh May Trigger Higher Volatility -- Market Talk

Dow Jones14:31

0631 GMT - Investors may need to prepare for a different Fed regime under new Chairman Kevin Warsh characterized by greater uncertainty, higher volatility and asset prices that are more sensitive to economic data and policy developments, says Arif Husain at T. Rowe Price. The desire to shrink the Fed's balance sheet may sit uneasily alongside the preference to keep interest rates as low as possible. "The combined effect of balance sheet reduction, reduced forward guidance, and potential tensions between monetary and fiscal objectives is likely to be higher volatility over the medium term and beyond," says the head of global fixed income in a note. Volatility may first appear in rates markets before spreading into credit and, ultimately, equities, Husain says. (monica.gupta@wsj.com)

(END) Dow Jones Newswires

June 16, 2026 02:31 ET (06:31 GMT)

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The desire to shrink the Fed's balance sheet may sit uneasily alongside the preference to keep interest rates as low as possible. \"The combined effect of balance sheet reduction, reduced forward guidance, and potential tensions between monetary and fiscal objectives is likely to be higher volatility over the medium term and beyond,\" says the head of global fixed income in a note. Volatility may first appear in rates markets before spreading into credit and, ultimately, equities, Husain says. 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Rowe Price. The desire to shrink the Fed's balance sheet may sit uneasily alongside the preference to keep interest rates as low as possible. \"The combined effect of balance sheet reduction, reduced forward guidance, and potential tensions between monetary and fiscal objectives is likely to be higher volatility over the medium term and beyond,\" says the head of global fixed income in a note. Volatility may first appear in rates markets before spreading into credit and, ultimately, equities, Husain says. (monica.gupta@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 16, 2026 02:31 ET (06:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TMF","symbol_name":"3倍做多20年期以上国债ETF-Direxion","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2643739427","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2643739427","pubTimestamp":1781591460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0631 GMT - Investors may need to prepare for a different Fed regime under new Chairman Kevin Warsh characterized by greater uncertainty, higher volatility and asset prices that are more sensitive to economic data and policy developments, says Arif Husain at T. 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Rowe Price. The desire to shrink the Fed's balance sheet may sit uneasily alongside the preference to keep interest rates as low as possible. \"The combined effect of balance sheet reduction, reduced forward guidance, and potential tensions between monetary and fiscal objectives is likely to be higher volatility over the medium term and beyond,\" says the head of global fixed income in a note. Volatility may first appear in rates markets before spreading into credit and, ultimately, equities, Husain says. 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