Warsh Set to Replace Powell as Fed Chair, Triggering Growth Asset Repricing Risk in H2 2026
Kevin Warsh is replacing Jerome Powell as Federal Reserve Chair in May 2026, shifting monetary policy toward a more hawkish posture. Rate-sensitive sectors — AI, fintech, and PE-backed tech — face multiple compression risk as bond markets begin pricing a higher terminal rate. Unprofitable growth companies are most exposed to discounted cash flow deterioration.
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