(FILES) US President Donald Trump shakes hands with the new Chairman of the Federal Reserve Kevin Warsh (L) during a swearing in ceremony in the East Room of the White House in Washington, DC on May 22, 2026. US Federal Reserve chief Kevin Warsh will chair his first meeting of the central bank's rate-setting committee next week caught between a rock and a hard place, with inflation at a three-year high and unrelenting pressure from the White House to lower rates. The Fed's 12-member open market committee (FOMC) will begin a two-day meeting on June 16, 2026, and is widely expected to hold rates steady as the effects of US President Donald Trump's war on Iran course through the world's largest economy. (Photo by Aaron Schwartz / AFP via Getty Images)

Construction is seen on 77 Water Street (C), a former office building being transformed into luxury rental apartments in the Financial District of New York, on April 10, 2026. (Photo by ANGELA WEISS / AFP via Getty Images)

A general view of fishing boats anchored in flat waters in Costa do Sol, Maputo, on May 28, 2026. Since the government hiked prices a month ago citing fallout from the Middle East conflict, many fisherman in the quiet Pescadores quarter have not had the cash for enough fuel for a fishing trip. Mozambique's energy authority in early May increased the cost of diesel by nearly 46 percent to a record 166.25 meticais (around 1.82 dollars) a litre. Gasoline went up by 12 percent to around 1.47 dollars. (Photo by Emidio JOZINE / AFP via Getty Images)

The exterior of Pearl House NYC (C), a former office building being transformed into luxury rental apartments in the Financial District, is seen in New York, on April 10, 2026. (Photo by ANGELA WEISS / AFP via Getty Images)

Pearl House NYC (C) as seen from 77 Water Street, a former office building being transformed into luxury rental apartments in the Financial District of New York, on April 10, 2026. (Photo by ANGELA WEISS / AFP via Getty Images)

Plants N Petals put up fliers in their business to demonstrate how to protect their constitutional rights if federal immigration agents show up at their door, in Houston, Texas, on June 13, 2026. (Photo by Mark Felix / AFP via Getty Images)

An aircraft operated by low-cost airline Wizzair lands on June 12, 2026, at the Budapest Liszt Ferenc Airport. In 2025, the Budapest airport handled 19.6 million passengers and nearly 420,000 tonnes of cargo. (Photo by Attila KISBENEDEK / AFP via Getty Images)

An Austrian Airlines plane lands on June 12, 2026, at the Budapest Liszt Ferenc Airport. In 2025, the Budapest airport handled 19.6 million passengers and nearly 420,000 tonnes of cargo. (Photo by Attila KISBENEDEK / AFP via Getty Images)