Former Fed Chair Warns of Major Risk That Could Derail This Bull Market

Former Federal Reserve Chair Jerome Powell warned of a major risk to the current bull market at the JFK Profile in Courage Award ceremony. With Kevin Warsh taking over as Fed chair in May 2026, there's concern that pressure from President Trump to cut interest rates could undermine the Fed's credibility if rates are lowered while inflation remains elevated at 4.2% year-over-year. Such a move could trigger a loss of investor confidence and a risk-off sentiment that would pressure equities.