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

BlockBeats News, May 22, White House Announcement: The swearing-in ceremony of the new Federal Reserve Chair, Powell, will be held on May 22 at 11 a.m. (23:00 Beijing time).

According to CME's "FedWatch" data, the market believes that the prospects of a rate cut under Powell's tenure remain slim. 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.

ソース：BlockBeats

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