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New Fed Chair Warsh Sworn In, Walmart Executive Shakeup, Oil Prices Rise

22 May 2026, 16:00 - 20:00 (UTC)
1. Kevin Warsh has been sworn in as the new Federal Reserve Chair, with President Trump affirming full support and intentions to restrict the Fed's forward guidance.
2. Several senior Walmart executives, including Sam's Club COO Tom Ward and U.S. Stores Head Cedric Clark, are departing the company.
3. Brent and U.S. crude oil futures settled higher, increasing by $0.96 and $0.25 per barrel respectively.
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