Federal Reserve Leadership Transition Set for May 22

The Federal Reserve is preparing for a leadership transition on May 22. According to Odaily, a meeting summary released at 2 a.m. UTC+8 on Thursday will reveal significant internal policy disagreements. Kevin Warsh is scheduled to be sworn in as the designated Chair of the Federal Reserve at the White House this Friday, with U.S. President Donald Trump presiding over the ceremony. The minutes from the Federal Open Market Committee (FOMC) meeting held on April 28-29 will serve as a crucial insight into policy differences before the leadership change. This meeting marks the last under Jerome Powell's tenure as Chair Pro Tempore of the Federal Reserve. The minutes are considered to reflect the most severe disagreements of this generation, particularly concerning interest rate paths and inflation assessments.