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Warsh to Sell $6.7T Assets, Yields Surge, Trump Threatened

4/26/2026

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Story summary
  • Kevin Warsh, the incoming Federal Reserve (Fed) chair, aims to sell $6.7 trillion of assets, a move that could lift bond yields and threaten President Donald Trump's rally.
  • Fed Chair Jerome Powell will leave on May 15 2026, making Kevin Warsh the next Fed chair.
  • A February 2026 Supreme Court ruling voided the 10% global tariff and imposed a new 150-day tariff.
  • U.S. inflation rose to 3.3% TTM in March 2026, up from 2.4% in February.