The market "cut him some slack"! Powell took office on Friday, and the interest rate cut route for the year has been cut off: US bond yields surged across the board.

According to the Wisdom Financial APP, on May 22 (Friday), Kevin Warsh will be sworn in as the 17th Chairman of the Federal Reserve at a ceremony hosted by President Trump himself at the White House. The last time a Fed chairman was sworn in at the White House was back in 1987 with Alan Greenspannearly 40 years ago. This unprecedented arrangement not only reflects Trump's emphasis on Warsh, but also subtly adds a layer of political shadow with the "President's supervision on site" for this inauguration ceremony.