Search ResultsSymbolsNo results foundAll NewsArticlesVideoPodcasts0 ResultsNo Results FoundAuthorsNo results foundSectionsNo results foundColumnsNo results foundMarket ExtraIn his first press conference as Fed chair, Kevin Warsh took a surprisingly aggressive stance on interest rates and inflation — prompting one economist to wonder if President Trump got ‘duped’Last Updated: June 17, 2026 at 5:38 p.m. ETFirst Published: June 17, 2026 at 5:25 p.m. ETStocks sold off on Wednesday as Fed Chair Kevin Warsh delivered his first press conference at the central bank’s helm.Photo: Getty ImagesU.S. stocks stumbled on Wednesday, adhering to a long tradition of weak performance in the aftermath of a new Federal Reserve chair’s first meeting at the helm of the central bank.Inflation has persisted above the Federal Reserve’s 2% target for five years. When new Fed Chair Kevin Warsh stepped up to the lectern inside the Eccles Building in Washington for the first time on Wednesday, he emphasized that, under his leadership, restoring stable prices would be a top priority for the world’s most influential central bank.Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Partner CenterMost PopularAbout the AuthorJoseph Adinolfi is a markets reporter at MarketWatch.Joy Wiltermuth is a news editor and senior markets reporter based in New York.