Barclays Says S&P 500 Plunged 16% On Average Upon New Fed Chair

A changing of the guard at the Federal Reserve — with Kevin Warsh set to take over as chair in May — will likely inject some fresh turbulence into the...

By Alexandra Semenova · Bloomberg Markets

A changing of the guard at the Federal Reserve — with Kevin Warsh set to take over as chair in May — will likely inject some fresh turbulence into the US stock market, based on prior leadership transitions.