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commerce
shāng yè
商业
·HSK 5

the Senate / upper chamber of Congress
cānyìyuàn
参议院
by (a vote of) / with
54 votes to 45 votes
54 piào duì 45 piào
54票对45票
to confirm / to approve
quèrèn
确认
Warsh (surname, Kevin Warsh)
Wòshí
沃什
to take up the post of / to serve as
chūrèn
出任
the Federal Reserve
Měilián chǔ
美联储
chairman / chair
zhǔxí
主席

the United States
Měiguó
美国
the Senate
cānyìyuàn
参议院
May 13th
5 yuè 13 rì
5月13日
by (a vote of)
54 votes to 45 votes
54 piào duì 45 piào
54票对45票
to confirm / to approve
quèrèn
确认
Kevin Warsh (nominee for Fed chair)
Kǎiwén Wòshí
凯文·沃什
to serve as / to hold the position of
dānrèn
担任
the Federal Reserve
Měilián chǔ
美联储
chairman / chair
zhǔxí
主席
this time / on this occasion
cǐ cì
此次
vote / voting
tóupiào
投票
to be (copula)
shì
this / the said
gāi
position / post
zhíwèi
职位
in history / historically
shǐ shàng
史上
partisan / political party
dǎngpài
党派
division / disagreement
fēnqí
分歧
greatest / largest
zuìdà
最大
possessive / structural particle
de
one time / one instance
yī cì
一次

May 14, 2026 at 7:00 AM

the United States
Měiguó
美国
the Senate
cānyìyuàn
参议院
May 13th
5 yuè 13 rì
5月13日
by (a vote of)
54 votes to 45 votes
54 piào duì 45 piào
54票对45票
to confirm / to approve
quèrèn
确认
Kevin Warsh (nominee for Fed chair)
Kǎiwén Wòshí
凯文·沃什
to take up the post of / to serve as
chūrèn
出任
the Federal Reserve
Měilián chǔ
美联储
chairman / chair
zhǔxí
主席
to succeed / to take over from
jiētì
接替
Jerome Powell (outgoing Fed chair)
Jiéluómǔ Bàowēiěr
杰罗姆·鲍威尔
this time / on this occasion
cǐ cì
此次
vote / voting
tóupiào
投票
result / outcome
jiéguǒ
结果
to be (copula)
shì
the Federal Reserve
Měilián chǔ
美联储
chairman / chair
zhǔxí
主席
confirmation / approval
quèrèn
确认
in history / historically
shǐ shàng
史上
partisan / political party
dǎngpài
党派
division / disagreement
fēnqí
分歧
most / to the greatest degree
zuìwéi
最为
pronounced / prominent
tūchū
突出
possessive / structural particle
de
one time / one instance
yī cì
一次
except for / apart from
chú
Pennsylvania (US state)
Bīnxīfǎníyà zhōu
宾夕法尼亚州
Democratic Party
Míngzhǔdǎng
民主党
senator
cānyìyuán
参议员
Fetterman (John Fetterman, senator)
Fèitèmàn
费特曼
outside of / beyond
wài
all / every
suǒyǒu
所有
Democratic Party
Míngzhǔdǎng
民主党
lawmaker / member of Congress
yìyuán
议员
all / uniformly
jūn
to vote
tóupiào
投票
against / in opposition
fǎnduì
反对
Warsh (Kevin Warsh)
Wòshí
沃什
this year
jīnnián
今年
56 years old
56 suì
56岁
once / previously (past experience marker)
céng
at / in (time preposition)
from 2006 to 2011
2006 nián zhì 2011 nián
2006年至2011年
during / within
jiān
to serve as / to hold the position of
dānrèn
担任
the Federal Reserve
Měilián chǔ
美联储
governor / board member
lǐshì
理事
he / him
to believe / to consider
rènwéi
认为
current / present
dāngqián
当前
interest rate
lìlǜ
利率
still / yet
réng
to have / there is
yǒu
to lower / to cut
xiàtiáo
下调
possessive / structural particle
de
room / space
kōngjiān
空间
despite / even though
jǐnguǎn
尽管
gasoline / petrol
qìyóu
汽油
price
jiàgé
价格
to rise / to go up
shàngzhǎng
上涨
toward / regarding
duì
inflation
tōngzhàng
通胀
to form / to create
xíngchéng
形成
completion particle
le
pressure
yālì
压力
market
shìchǎng
市场
futures / futures contracts
qīhuò
期货
to show / to indicate
xiǎnshì
显示
there is / about
yǒu
74.5 percent
bǎifēnzhī qīshísì diǎn wǔ
74.5%
possessive / structural particle
de
probability / likelihood
gàilǜ
概率
indicating / suggesting
rènwéi
认为
the Federal Reserve
Měilián chǔ
美联储
this year
jīnnián
今年
will (future marker)
jiāng
to maintain / to keep unchanged
wéichí
维持
benchmark / reference
jīzhǔn
基准
interest rate
lìlǜ
利率
unchanged / the same
bù biàn
不变
Warsh (Kevin Warsh)
Wòshí
沃什
possessive / structural particle
de
first time / inaugural
shǒucì
首次
Federal Open Market Committee (FOMC)
Liánbāng Gōngkāi Shìchǎng Wěiyuánhuì
联邦公开市场委员会
chair / chairman
zhǔxí
主席
meeting / session
huìyì
会议
scheduled for / set for
dìng yú
定于
June 16th to 17th
6 yuè 16 rì zhì 17 rì
6月16日至17日
to convene / to hold (a meeting)
zhàokāi
召开

New Words

cānyìyuàn
参议院
Senate
quèrèn
确认
to confirm
Měilián chǔ
美联储
Federal Reserve
zhǔxí
主席
chairman
dǎngpài
党派
party
fēnqí
分歧
disagreement
lìlǜ
利率
interest rate
tōngzhàng
通胀
inflation
qīhuò
期货
futures
Liánbāng Gōngkāi Shìchǎng Wěiyuánhuì
联邦公开市场委员会
FOMC

News in English

Business

Senate Confirms Kevin Warsh as Next Federal Reserve Chair

The US Senate confirmed Kevin Warsh as Federal Reserve chair on May 13 by a 54-45 vote, the most partisan confirmation in the history of the position.

On May 13th, the U.S. Senate confirmed Kevin Warsh to serve as Chairman of the Federal Reserve by a vote of 54 to 45, succeeding Jerome Powell.

This voting result represents the most partisan disagreement on Fed chair confirmation in history.

Except for Pennsylvania Democratic Senator Fetterman, all Democratic lawmakers voted against the confirmation.

Warsh is 56 years old this year and previously served as a Federal Reserve governor from 2006 to 2011.

He believes current interest rates still have room for reduction, despite rising gasoline prices creating inflationary pressure.

Market futures show a 74.5% probability that the Federal Reserve will maintain unchanged benchmark interest rates this year.

Warsh's first FOMC meeting as chair is scheduled for June 16-17.

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to race to / to vie in
jìngxiāng
竞相
to expand / to increase
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earnings / performance
yèjī
业绩
lower than / below
dīyú
低于
expectation / forecast
yùqī
预期
the United States
Měiguó
美国
stock market
gǔshì
股市
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to rise / to increase
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