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On May 22nd local time, Kevin Warsh was sworn in as the new Federal Reserve Chair.
The ceremony was not held at the Federal Reserve headquarters as usual, but instead took place at the White House, personally hosted by U.S. President Trump.
Kevin Warsh stated in his speech that he will lead a "reform-oriented" Federal Reserve.
Trump said he hopes Kevin Warsh will become a "completely independent" Federal Reserve Chair, acting without regard to his or others' attitudes, just focusing on doing his own job.