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Trump Hosts Federal Reserve Chairman Waller's Swearing-In Ceremony on Friday

Trump Hosts Federal Reserve Chairman Waller's Swearing-In Ceremony on Friday

老虎证券老虎证券2026/05/21 23:23
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The U.S. Senate confirmed the appointment of Waller on May 13, with him set to succeed Powell as Chairman of the Federal Reserve. However, Powell will continue serving as a member of the Federal Reserve Board until 2028. At 56 years old, Waller will embark on a four-year term as Chairman of the Federal Reserve and a fourteen-year term as a Board member. Trump selected him as a bulwark against further rate hikes. Waller has long stated his desire to reduce interest rates while shrinking the Federal Reserve’s balance sheet. Currently, some Federal Reserve policymakers are considering raising rates to contain inflation triggered by the Iran war. According to minutes released on Wednesday, at the meeting held on April 28-29, most Federal Reserve policymakers believed that if inflation remained above the 2% target for an extended period, “it may become appropriate to take some policy tightening measures.”
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