Trump's Pick for Federal Reserve Leader
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President Donald Trump was reported to have chosen Kevin Warsh to lead the U.S. Federal Reserve. The Federal Reserve is the country's central bank, and its leader plays a crucial role in managing the American economy. This person makes important decisions about interest rates and the money supply, which can affect everything from job growth to the cost of borrowing money. Warsh, who had previously served as a member of the Federal Reserve Board of Governors, was considered a strong candidate for this very important position. The choice of who leads this institution impacts not only the United States but also global financial markets.
Key Vocabulary & Phrases
Federal Reserve (the Fed)
The central banking system of the United States. It manages the nation's money supply and financial system.
Example: "Decisions made by the Federal Reserve can greatly influence interest rates."
to lead
To be in charge of an organization, group, or project; to guide or direct.
Example: "She was chosen to lead the new marketing team because of her experience."
economy
The system by which a country's money and goods are produced and used.
Example: "A strong economy usually means more jobs are available for people."
candidate
A person who is being considered for a position, an award, or an election.
Example: "There were several excellent candidates for the CEO position."Let's Discuss!
Why do you think it's important for the leader of a powerful organization like the Federal Reserve to be chosen carefully?
連邦準備制度のような強力な組織のリーダーが慎重に選ばれることが、なぜ重要だと思いますか？
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