Svmuu News The 17th Federal Reserve Chairman Warsh was sworn in at the White House on Friday. Warsh stated: "The mission of the Federal Reserve is to promote price stability and maximum employment." He said, "When these goals are pursued with wisdom and clarity, independence and firm resolve, inflation can be reduced, economic growth can be stronger, real take-home pay can be higher, America can be more prosperous, and equally important, America's standing in the world can be more secure." He added: "To fulfill this mission, I will lead a reform-oriented Federal Reserve that learns from both past successes and mistakes, breaks free from static frameworks and models, while adhering to clear standards of integrity and performance." (Jinshi)