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commerce
shāng yè
商业
·HSK 3

Warsh (surname)
Wòshí
沃什
to take office / to assume post
jiùrèn
就任
the US Federal Reserve
Měi lián chǔ
美联储
chair / chairman
zhǔxí
主席
to take over
jiēshǒu
接手
inflation
tōngzhàng
通胀
difficult problem / challenge
nántí
难题

Kevin (given name)
Kǎiwén
凯文
·
Warsh (surname)
Wòshí
沃什
on (date marker)
May 22
wǔ yuè èrshíèr rì
5月22日
officially
zhèngshì
正式
to be sworn into office
xuānshì jiùzhí
宣誓就职
to become
chéngwéi
成为
the United States
Měiguó
美国
the 17th
dì shíqī rèn
第17任
US Federal Reserve
Měi lián chǔ
美联储
chair
zhǔxí
主席
he / him
to succeed / to replace
jiētì
接替
Powell (Jerome Powell, former Fed chair)
Bàowēiěr
鲍威尔
to face / to confront
miànlín
面临
inflation
tōngzhàng
通胀
to persist / ongoing
chíxù
持续
to remain elevated
gāoqǐ
高企
structural particle
de
challenge
tiǎozhàn
挑战

May 31, 2026 at 7:00 AM

Kevin (given name)
Kǎiwén
凯文
·
Warsh (surname)
Wòshí
沃什
on (date marker)
May 22
wǔ yuè èrshíèr rì
5月22日
officially
zhèngshì
正式
to be sworn into office
xuānshì jiùzhí
宣誓就职
to become
chéngwéi
成为
the United States
Měiguó
美国
the 17th
dì shíqī rèn
第17任
US Federal Reserve
Měi lián chǔ
美联储
chair
zhǔxí
主席
he / him
to succeed / to replace
jiētì
接替
Powell (Jerome Powell)
Bàowēiěr
鲍威尔
his / the
term of office
rènqī
任期
will (future marker)
jiāng
to last
chíxù
持续
until
zhì
the year 2030
2030 nián
2030年
May
wǔ yuè
5月
Warsh (surname)
Wòshí
沃什
in / during
zài
the Senate
cānyìyuàn
参议院
with / by
54 votes
54 piào
54票
against
duì
45 votes
45 piào
45票
structural particle
de
result / outcome
jiéguǒ
结果
to obtain / to receive
huòdé
获得
confirmation / confirmation vote
quèrèn
确认
currently / at present
mùqián
目前
US Federal Reserve
Měi lián chǔ
美联储
will / has
jiāng
federal funds
liánbāng jījīn
联邦基金
interest rate
lìlǜ
利率
to maintain at
wéichí zài
维持在
3.5 percent
3.5%
3.5%
to
zhì
3.75 percent
3.75%
3.75%
structural particle
de
target range
qūjiān
区间
unchanged / steady
búbiàn
不变
inflation
tōngzhàng
通胀
issue / problem
wèntí
问题
is
shì
Warsh
Wòshí
沃什
faced by / confronting
miànlín de
面临的
biggest / greatest
zuì dà
最大
challenge
tiǎozhàn
挑战
because
yīnwèi
因为
core
héxīn
核心
inflation rate
tōngzhànglǜ
通胀率
still / yet
réng
to remain at / to be at
chǔyú
处于
3.3 percent
3.3%
3.3%
energy
néngyuán
能源
prices
jiàgé
价格
to rise / to increase
shàngzhǎng
上涨
to / giving
gěi
inflation
tōngzhàng
通胀
to bring / to cause
dàilái
带来
completion marker
le
additional / extra
éwài
额外
pressure
yālì
压力
Warsh
Wòshí
沃什
structural particle
de
first / first time
shǒucì
首次
to chair / to preside over
zhǔchí
主持
Federal Reserve
Měi lián chǔ
美联储
meeting
huìyì
会议
scheduled for
dìngyú
定于
June 16
liù yuè shíliù rì
6月16日
to
zhì
the 17th
shíqī rì
17日
to be held
jǔxíng
举行

News in English

Business

Kevin Warsh Takes Over as Federal Reserve Chair Amid Persistent Inflation

Kevin Warsh was sworn in as the 17th Federal Reserve chair on May 22, succeeding Jerome Powell and facing persistent inflation challenges.

More in Business

Momenta
Móméng tǎ
摩蒙塔
Hong Kong
Xiānggǎng
香港
listed
shàngshì
上市
fundraising
róngjī
融资
$752 million
7.52 yì měiyuán
7.52亿美元

Chinese Autonomous Driving Firm Momenta Debuts on Hong Kong Stock Exchange with 752 Million Fundraise

Samsung (South Korean electronics company)
Sānxīng
三星
SK Hynix (South Korean memory chipmaker)
SK Hǎilìshì
SK海力士
and / together with
Micron (US semiconductor company)
Měiguāng
美光
to race to / to vie in
jìngxiāng
竞相
to expand / to increase
kuòdà
扩大
AI / artificial intelligence
AI
AI
memory (computing)
nèicún
内存
chip / semiconductor chip
xīnpiàn
芯片
production capacity
chǎnnéng
产能

Samsung, SK Hynix and Micron Race to Expand AI Memory Chip Capacity

China
Zhōngguó
中国
artificial intelligence
réngōng zhìnéng
人工智能
company
gōngsī
公司
MiniMax (Chinese AI company)
MiniMax
MiniMax
to complete
wánchéng
完成
$2 billion
èrshí yì měiyuán
二十亿美元
fundraising / financing
róngzī
融资

Chinese AI Firm MiniMax Raises 2 Billion Dollars in Hong Kong Share Sale

PepsiCo
Bǎishì Gōngsī
百事公司
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
slightly / marginally
xiǎofú
小幅
to rise / to increase
shàngzhǎng
上涨

PepsiCo Earnings Disappoint as US Stocks Edge Higher