OTC:XHLD 28 January 2026

May 25, 2026, 4:46 AM EDT. Kevin Warsh, the new Federal Reserve Chair, faces his first major test on June 17 during the FOMC press conference. Rising inflation pressures from President Trump's tariffs and soaring oil prices due to the Iran conflict challenge his leadership. Despite a strong employment market, concerns about AI-driven job disruption loom. The S&P 500 remains near record highs, signaling cautious investor optimism. Market data from the Atlanta Fed shows low odds of immediate rate hikes or cuts, with investors hoping Warsh signals stability and gradual policy changes. Warsh's prior calls for 'regime change' at the Fed and views that AI helps reduce inflation add complexity. His stance could shift markets, potentially unsettling investors expecting steady policy amid current economic tensions.