The new Federal Reserve Chairman, Kevin Warsh, will likely slash interest rates, despite most traders forecasting a rate hike, according to a market analyst.

Rate hikes now loom as a possibility for Warsh's Fed, a sharp turn from the rate-cut environment that defined Trump's search for a new chair

Despite President Donald Trump's demands for lower interest rates, markets are betting the Fed will stay on hold through most, if not all, of 2026.