Kevin Warsh sworn in as Fed chair, as traders forecast rate hikes in 2026
60-second summary
Kevin Warsh is sworn in as the new Fed chair, replacing an outgoing chair, as traders forecast rate hikes in 2026, defying US President Donald Trump's repeated calls for lower interest rates. Investors predict a 75% chance of rate hikes, citing inflation concerns and a strengthening economy, which could impact market expectations and push up bond yields.
US President Donald Trump has repeatedly said he wants the Federal Reserve to lower interest rates, but investors forecast no chance of a rate cut in 2026.