New Delhi, May 22 -- Kevin Warsh officially took the oath as the new chair of the Federal Reserve on Friday (local time) during a White House ceremony, succeeding Jerome Powell as head of the US central bank.

While taking the oath, Warsh said, "With this oath, I've accepted a high and solemn responsibility," and added that he would lead a "reform-oriented" Federal Reserve.This is a developing story. More details awaited.

Published by HT Digital Content Services with permission from MINT....