Key facts
- A new chief has been appointed to lead the Federal Reserve.
- The new leader has pledged to implement significant reforms.
- This transition is being framed as a 'new chapter' for the central bank.
The Federal Reserve is entering a new era under its new chief, who has vowed to enact substantial reforms. This leadership change signals a potential shift in the central bank's approach and priorities, with the new head characterizing the period ahead as a 'new chapter' for the institution.