WARSH FED DEBUT MAY JOLT BOND MARKETS Fidelity investors warn new Fed Chair Kevin Warsh could trigger bond-market volatility, especially after Wednesday’s policy decision. His first press conference may reset expectations on inflation and rates, with markets already pricing a potential hike this year despite recent stability. Treasuries and swaps have swung sharply amid geopolitical shocks and shifting rate bets. Portfolio managers say uncertainty around Warsh’s tone—hawkish or dovish—could quickly reprice financial conditions and revive volatility.(*Walter Bloomberg)