BlockBeats News, May 23rd, Federal Reserve's 17th Chair, Wash, was sworn in at the White House on Friday. Wash stated: "The Fed's mission is to promote price stability and full employment. By pursuing these goals with wisdom and clarity, independence, and firm resolve, inflation can be reduced, economic growth can be stronger, real wages can be higher, the United States can prosper more, and equally importantly, the U.S. position in the world can be more secure."

He added: "To accomplish this mission, I will lead a reform-oriented Fed, learning from both past successes and mistakes, breaking free from static frameworks and models, while upholding clear standards of integrity and performance." (Xinhua)