2 Words From Fed Chair Kevin Warsh Just Changed the Game for Wall Street

The most anticipated Federal Open Market Committee (FOMC) meeting of the year lived up to the billing on Sept. 16. For only the fourth time since the start of the century, our nation's central bank has kicked off a rate-hiking cycle, raising the federal funds target rate by 25 basis points to a new range of 3.75%-4.00%.

But it's not the rate hike that's put Wall Street and its major stock indexes, the Dow Jones Industrial Average (DJINDICES:^DJI), S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC), on edge. Rather, it's two words from Fed Chair Kevin Warsh that have completely changed the game for Wall Street.

Fed Chair Kevin Warsh just shook things up for Wall Street. Image source: Official Federal Reserve Photo.

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