Kevin Wash Officially Takes Office as U.S. Fed Chairman

New U.S. central bank (Fed) Chairman Kevin Wash officially began his duties on the 22nd (local time).

The Fed focuses on achieving two core goals: price stability and job growth in the United States.

Attention is focused on Chairman Wash's new policy direction, and in his inaugural address, he stated he would create a "reform-driving Fed."

The Federal Open Market Committee (FOMC) meeting, which Chairman Wash will chair for the first time, is scheduled to take place on the 16th-17th of next month.