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Bangkok Post
Business

New US Fed chair says he will be 'reform-oriented'

Kevin Warsh Donald Trump United States White House Jerome Powell Inflation US Federal Reserve Kevin Hassett White House Economy
It is unusual, but not unprecedented, for the chairman of the non-partisan US Federal Reserve to be sworn in at the White House. (Photo: AFP)

WASHINGTON - New US Federal Reserve Chair vowed to be "reform-oriented" as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be "totally independent."

Trump has exerted unprecedented pressure on the central bank to reduce interest rates, attempting to fire a Fed governor and pursuing a criminal probe against Warsh's predecessor Jerome Powell.

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