The S&P 500 tumbled more than 1% in Wednesday's session, with losses steepening during Warsh' innagural press conference as chair.

Warsh’s first Fed meeting offers early signals on 2026 rate hikes and how he may reshape the central bank’s communication strategy.

The Federal Reserve's June meeting will mark Kevin Warsh's first as chair. He may need to deliver what is likely to be unwelcome news to the president.