5/23, 10:04 PM (Source: TeleTrader)
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Powell sworn in as Fed chair

Jerome Powell was sworn in as the chair of the Federal Reserve on Monday, the United States central bank announced.

According to the statement, Powell's oath was administered by Fed's Vice Chair Lael Brainard.

Powell, who was nominated by US President Joe Biden in November 2021 and was granted Senate approval in May, will remain at the central lender's helm until May 15, 2026, the announcement read.

Baha Breaking News (BBN) / BU