# The Dow Jones reset its record high on Friday (Saturday AEST) as Kevin Warsh was sworn in as chairman of the Federal Reserve.

*business · news · 2026-05-22 · Australian Financial Review*

## Key points

- The Dow Jones reached a new record high, peaking at 50,830.24.
- Kevin Warsh was sworn in as chairman of the Federal Reserve on Friday.
- Money markets have fully priced in a Fed rate hike by December.
- The S&P 500 is on track for eight consecutive weeks of gains.

**Companies:** Caterpillar, Merck
**Countries:** United States

[Read the full story on Australian Financial Review](https://www.afr.com/markets/equity-markets/dow-resets-record-high-warsh-sworn-in-as-fed-chairman-20260523-p5zzxz)

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