Fed Chair Nominee Kevin Warsh’s Biggest Challenge Won’t Be Balance Sheet Deleveraging or Interest Rates — It’ll Be Something Far More Important

For the better part of the last seven years, Wall Street’s benchmark indexes have delivered outsize returns. The benchmark S&P 500 (SNPINDEX: ^GSPC) has only three stretches spanning nearly a century where it’s delivered at least a 16% return in three straight years. Two of those three periods have occurred over the last seven years (2019-2021 and 2023-2025). We’ve also witnessed the Dow Jones Industrial Average (DJINDICES: ^DJI) eclipse 50,000 and the Nasdaq Composite (NASDAQINDEX: ^IXIC) briefly top 24,000.Despite these exceptionally strong returns, headwinds are piling up for Wall Street. Everything from a historically pricey stock market to the potential for an artificial intelligence bubble-bursting event threatens to weigh on equities.Continue readinghttps://www.fool.com/investing/2026/03/01/fed-chair-nominee-kevin-warsh-biggest-challenge/