Jerome Powell to Be Sworn In as Federal Reserve Chair Tonight at 11 PM

BlockBeats News, May 22nd, White House Announcement: The swearing-in ceremony of the new Federal Reserve Chair, Wash, will be held on May 22nd at 11 a.m. (11 p.m. Beijing time), presided over by Trump.

According to CME's "Fed Watch" data, the market believes that the prospect of a rate cut under Wash's tenure remains dim. The probability of maintaining the interest rate in June is 96.8%, the probability of a 25 basis point rate hike is 3.2%, with no possibility of a rate cut.