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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
yǐ
以
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)
yǐ
以
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
是
this / the said
gāi
该
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
的
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)
yǐ
以
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
是
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
的
one time / one instance
yī cì
一次
。
except for / apart from
chú
除
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
外
，
all / every
suǒyǒu
所有
Democratic Party
Míngzhǔdǎng
民主党
lawmaker / member of Congress
yìyuán
议员
all / uniformly
jūn
均
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
曾
at / in (time preposition)
yú
于
from 2006 to 2011
2006 nián zhì 2011 nián
2006年至2011年
during / within
jiān
间
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
tā
他
to believe / to consider
rènwéi
认为
current / present
dāngqián
当前
interest rate
lìlǜ
利率
still / yet
réng
仍
to have / there is
yǒu
有
to lower / to cut
xiàtiáo
下调
possessive / structural particle
de
的
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
对
inflation
tōngzhàng
通胀
to form / to create
xíngchéng
形成
completion particle
le
了
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
有
74.5 percent
bǎifēnzhī qīshísì diǎn wǔ
74.5%
possessive / structural particle
de
的
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
将
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
的
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
。

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.

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United States and Iran
Měi Yī
美伊
ceasefire
tínɡhuǒ
停火
news / information
xiāoxi
消息
to come in / to arrive (news)
chuánlái
传来
，
international
ɡuójì
国际
oil price
yóujià
油价
May
5 yuè
5月
to drop sharply / to fall significantly
dàdiē
大跌
17 percent
17%
17%
。

International Oil Prices Fall 17 Percent in May on US-Iran Ceasefire Reports

Snowflake (cloud data company)
Snowflake
Snowflake
quarterly / fiscal quarter
jìdù
季度
revenue / earnings
yínɡshōu
营收
to exceed / to surpass
chāochū
超出
expectations / forecast
yùqī
预期
，
and / also
bìng
并
with
yǔ
与
Amazon
Yàmǎxùn
亚马逊
to sign / to conclude
qiānshǔ
签署
$6 billion
60 yì měiyuán
60亿美元
agreement / deal
xiéyì
协议
。

Snowflake Quarterly Revenue Beats Forecasts and Signs $6 Billion Amazon Deal

China
Zhōngguó
中国
April
sì yuè
四月
industrial / industry
gōngyè
工业
profit
lìrùn
利润
to grow / growth
zēngzhǎng
增长
24.7 percent
24.7%
24.7%
。

China Industrial Profits Surge 24.7 Percent in April, Fastest Gain in Over Two Years

Meta (company name, formerly Facebook)
Meta
Meta
to lay off employees / layoffs
cáiyuán
裁员
8,000 people
bā qiān rén
八千人
，
to accelerate / to speed up
jiāsù
加速
toward / to
xiàng
向
artificial intelligence
réngōng zhìnéng
人工智能
business / operations
yèwù
业务
to transform / transformation
zhuǎnxíng
转型
。

Meta Cuts 8,000 Jobs in Sweeping Restructuring Toward AI