Warsh Says He'll Lead a 'Reform-Oriented' Fed

Summary

Kevin Warsh is sworn in as Federal Reserve Chair, pledging a reform-oriented approach with independence and resolve. He emphasizes price stability, maximum employment, and learning from past successes and mistakes. The speech is ceremonial and contains no market or investment guidance.

• Kevin Warsh is sworn in as Chair of the Federal Reserve.
• He commits to a 'reform-oriented' Fed with independence and resolve.
• Warsh highlights price stability and maximum employment as the Fed's mandate.
• He acknowledges learning from past successes and mistakes.
• The speech focuses on institutional values and national interest.