Wall Street Has a Federal Reserve Problem That Could Turn Ugly for Stocks in 2026

In 2018, inflation began to rise, and the Fed started raising interest rates. The subsequent market downturn irked President Trump, who seemed to blame the 2018 stock market decline on the Fed raising the Federal Funds rate in order to tamp down inflationary pressures. In late 2018, just one year after Powell's nomination, he said, "I'm not even a little bit happy with my selection of Jay."Yet while Powell was initially nominated to the Chairmanship by President Trump, President Trump has been highly critic ...