Warsh's Hawkish Turn: What This Means for Markets and Investors The Federal Reserve's decision making process has taken a significant turn with Chair Kevin Warsh's recent press conference, where he hinted that rate hikes might not be a one off adjustment but rather the start of a longer cycle.
The S&P 500 dropped 1%, heading toward its lowest close since July, while the Dow Jones Industrial Average fell 1. 7%.
On the surface, this seems like just another market reaction to a central bank decision, but it is a more complex story.