Today, Powell officially took over the Federal Reserve: internal and external challenges are intertwined, and a series of tests await this new helmsman.

Zhitong Finance APP learned that Kevin Wash will be sworn in as the chairman of the Federal Reserve on Friday. Prior to this, his extensive criticism of current Federal Reserve officials, his strategies for interest rate cuts, and his close relationship with President Trump have helped him surpass other competitors and successfully take control of the Federal Reserve. Currently, monetary policy and the U.S. economy are at a crucial moment.