Trump’s man is a threat to spark a Wall Street meltdown
Kevin Warsh’s leadership at the US Federal Reserve triggered a nearly $1 trillion plummet in tech stocks, notably impacting Elon Musk’s SpaceX. Market speculation grew after the Fed hinted at interest rate hikes by year-end, prompting significant drops in semiconductor stocks. The Nasdaq index has fallen 3.5 percent since the Fed's last meeting on Thursday.
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Published 24 Jun 2026, 01:59 UTC · Updated 24 Jun 2026, 02:00 UTC
Summary by OZbrief Editorial. Original report: Brisbane Times. Editorial policy · Corrections
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