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Kevin Warsh to Be Sworn In Friday as Federal Reserve Chair, Replacing Jerome Powell

The brief announcement states that Kevin Warsh will officially replace Jerome Powell as chair of the Federal Reserve (U.S. central bank) on Friday.

Summary

A short update says Kevin Warsh will be sworn in on Friday as chair of the Federal Reserve (U.S. central bank), officially replacing Jerome Powell. The Federal Reserve is the United States' central bank and plays a central role in interest-rate policy, liquidity conditions, and broader financial markets, including risk assets such as cryptocurrencies. No additional details, timing beyond Friday, or policy statements were provided in the source.

Terms & Concepts
  • Federal Reserve: The central bank of the United States, responsible for monetary policy, interest rates, and financial system stability.
  • Monetary policy: Actions by a central bank to manage money supply and borrowing costs, often influencing inflation, markets, and investor risk appetite.