New FED Chairman sworn into office.

The new Chairman of the US Federal Reserve (FED), Kevin Warsh, was officially sworn in at the White House and pledged to implement a roadmap for reforming the FED.

New Chairman of the US Federal Reserve (FED) Kevin Warsh. Photo: VCG

Kevin Warsh affirmed that he would establish clear standards of integrity and operational efficiency for the Federal Reserve. According to the new Fed leader, monetary policymakers need to pursue common goals wisely, independently, and with determination. If the Fed operates effectively, inflation in the US will decrease, paving the way for strong economic growth and directly improving people's incomes.

At the ceremony, President Donald Trump affirmed his hope that under Kevin Warsh's leadership, the Fed would maintain its completely independent role, and the US economy would continue to boom under the new policy.

Mr. Warsh's swearing-in ceremony was attended by Supreme Court Justices Clarence Thomas and Brett Kavanaugh. This was a rare occasion for the Federal Reserve Chairman to be sworn in at the White House, the last being Alan Greenspan in 1987.

In other news, US Director of National Intelligence Tulsi Gabbard announced her resignation for family reasons. Her husband, Abraham Williams, was recently diagnosed with a rare form of bone cancer. The White House confirmed that Tulsi Gabbard's resignation will officially take effect on June 30th.

SOUTHERN

Source: https://www.sggp.org.vn/tan-chu-tich-fed-tuyen-the-nham-chuc-post854003.html