FX.co ★ Jerome Powell sworn in as chairman of Federal Reserve

On Monday, February 5, Jerome Powell took the oath of office as Chairman of the Board of Governors of the Federal Reserve System, succeeding Janet Yellen.

Powell, 65-year-old, has pledged to support the Fed's dual goals of stable prices and maximum employment.

He reiterated that the financial regulator plays a key role in ensuring stability of the financial system and integrity of the US payment system. The new head of the Federal Reserve has promised to continue to support consistent economic growth, a robust labor market and price stability.