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Last Updated: Thursday, October 1, 2026 at 07:22 PM
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Trump’s new Fed chair is confirming some of Wall Street’s ‘fears’

In his first official meeting as Fed chief, Kevin Warsh declined to submit a “dot,” shorthand for projections made by the Fed’s top policymakers. It’s just the start of how he could reshape the central bank and how it communicates with the public.
Kevin Warsh speaks at a podium
Federal Reserve Chairman Kevin Warsh at a news conference following a Federal Open Market Committee meeting in Washington on Wednesday.Al Drago / Bloomberg via Getty Images

It did not take long for President Donald Trump’s new Federal Reserve chair to signal a change of direction for the central bank with one tiny dot — or in this case, the lack thereof.

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