Golden Finance reports that on May 23, the 17th Chair of the U.S. Federal Reserve, Wosch, was sworn in at the White House on Friday. Wosch said: “The Federal Reserve’s mission is to promote price stability and full employment.” He added, “When pursuing these goals with wisdom and clear thinking, with independence and steadfast determination, inflation can be reduced, economic growth can be stronger, take-home pay can be higher, the United States can be more prosperous, and—just as importantly—America’s position in the world can be more firmly secured.” He further said: “To fulfill this mission, I will lead a reform-oriented Federal Reserve, drawing lessons from past successes and mistakes, breaking away from rigid frameworks and patterns, while insisting on clear standards for integrity and performance.”

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2026-05-23 00:34:04

Golden Finance reports that on May 23rd, the 17th Federal Reserve Chair Jerome Powell was sworn in at the White House on Friday. Powell stated: "The Federal Reserve's mission is to promote price stability and maximum employment." He said, "When pursuing these goals with wisdom and clarity, independence, and firm determination, inflation can be reduced, economic growth can be stronger, real wages can be higher, the United States can be more prosperous, and equally important, America's position in the world can be more secure." He added, "To accomplish this mission, I will lead a reform-oriented Federal Reserve, learning from past successes and mistakes, moving beyond static frameworks and models, while adhering to clear standards of integrity and performance."

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New Federal Reserve Chair Voš: Will lead a reform-oriented Federal Reserve

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