Chairman of the Federal Reserve of the US Kevin Warsh (R) is embraced by IMF Managing Director Kristalina Georgieva (L) during a "fireside chat" at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP via Getty Images)

Chairman of the Federal Reserve of the US Kevin Warsh speaks alongside IMF Managing Director Kristaline Georgieva (not pictured) during a "fireside chat" at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP via Getty Images)

Chairman of the Federal Reserve of the US Kevin Warsh (R) speaks alongside IMF Managing Director Kristalina Georgieva (L) during a "fireside chat" at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP via Getty Images)

Chairman of the Federal Reserve of the US Kevin Warsh (R) speaks alongside IMF Managing Director Kristalina Georgieva (L) during a "fireside chat" at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP via Getty Images)

Chairman of the Federal Reserve of the US Kevin Warsh (R) speaks during a "fireside chat" with IMF Managing Director Kristaline Georgieva at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP via Getty Images)

Chairman of the Federal Reserve of the US Kevin Warsh (R) speaks with IMF Managing Director Kristalina Georgieva (L) during a "fireside chat" at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP via Getty Images)

ARLINGTON, VIRGINIA - OCTOBER 15: U.S. Secretary of War Pete Hegseth meets with Britain's Defense Secretary Wes Streeting at the Pentagon, on October 15, 2026 in Arlington, Virginia. The two defense officials discussed NATO financial commitments by European countries. (Photo by Manuel Balce Ceneta-Pool/Getty Images) ***BESTPIX***

FILE - People pass the New York Stock Exchange on Nov. 5, 2024, in New York. (AP Photo/Peter Morgan, File)