History Says The Next Fed Chair Could Sink Your Portfolio

Wall Street is bracing for a leadership transition. As Jerome Powell’s term as a Fed Chairman ends on May 15, the market is starting to adjust to a new leadership, likely under Kevin Warsh. Historically, changing the guard triggers market anxiety, as investors fear a shift in the “reaction function” of the world’s most powerful central bank. While volatility seems inevitable as markets “test” the new Chair, research…