New Leader for the US Federal Reserve

May 14, 2026, 18:25
ChinaPolitics

Introduction

The US Senate chose Kevin Warsh. He is the new leader of the Federal Reserve. He replaces Jerome Powell.

Main Body

The Senate voted for Kevin Warsh. Many people disagreed about this choice. President Trump wanted lower interest rates. Jerome Powell did not agree. The President was angry with Powell. Jerome Powell helped the economy during COVID-19. He also raised interest rates to stop high prices. He leaves his top job on May 15. He will stay as a governor to help the bank. Some people like Kevin Warsh. They think he will be a good leader. Other people are worried. They think the President will tell him what to do. Some say Warsh will compete with China using new technology.

Conclusion

Kevin Warsh is now the leader. He must deal with high prices and different ideas about money.

Learning

⚡️ Focus: 'The Change-Over'

Look at how we talk about people leaving and starting jobs in the text:

  • Replaces → He replaces Jerome Powell. (Person A takes the place of Person B)

  • Leaves → He leaves his top job. (Person A stops doing the job)

  • Stay → He will stay as a governor. (Person A keeps a different part of the job)

💡 Simple Word Power

Instead of saying "the economy was bad," the article uses these simple pairs to explain problems:

High Prices →\rightarrow Stop them →\rightarrow Lower rates

Different Ideas →\rightarrow Disagree →\rightarrow Angry

📌 Quick Note on 'Some' vs 'Other'

When the text talks about people's opinions, it uses a simple balance:

Some people→likeKevin Warsh\text{Some people} \xrightarrow{\text{like}} \text{Kevin Warsh} Other people→worryabout him\text{Other people} \xrightarrow{\text{worry}} \text{about him}

Use this pattern to describe two different groups of people!

Vocabulary Learning

leader (n.)
person who is in charge
Example:The leader of the team will give a speech.
Senate (n.)
group of lawmakers in a country
Example:The Senate passed a new law.
chose (v.)
selected or decided on
Example:She chose the red dress.
replace (v.)
take the place of someone else
Example:He will replace the old manager.
voted (v.)
gave a vote in a decision
Example:They voted for the new plan.
people (n.)
human beings as a group
Example:Many people attended the event.
disagree (v.)
have a different opinion
Example:They disagree about the policy.
choice (n.)
an option or decision
Example:His choice was to study abroad.
President (n.)
head of a country
Example:The President signed the bill.
lower (adj.)
less in amount or level
Example:Lower temperatures can be dangerous.
interest (n.)
money paid for borrowing or curiosity
Example:He paid interest on his loan.
rates (n.)
percentages used in finance
Example:The rates are high this year.
agree (v.)
have the same opinion
Example:They agree on the project.
angry (adj.)
feeling upset or mad
Example:She was angry when she heard the news.
economy (n.)
system of production and trade
Example:The economy is growing slowly.
raise (v.)
increase or lift up
Example:The company will raise its prices.
stop (v.)
end or halt
Example:We need to stop the noise.
high (adj.)
large in amount or level
Example:The mountain is high.
prices (n.)
cost of goods or services
Example:Prices of food are rising.
bank (n.)
place where money is kept
Example:He works at a bank.