Fed's Warsh heads to Congress after tentative steps away from Trump
Warsh said the Fed will restore price stability but gave no clear signal on whether higher rates are coming.
- Fed Chairman Kevin Warsh begins a two-day appearance on Capitol Hill as part of the mandated semiannual Humphrey Hawkins reports on monetary policy. This marks Warsh's first hearing since taking office in May.
- Economists widely anticipate the Bureau of Labor Statistics will report a 0.2% decline in The CPI, potentially bringing the headline rate to 3.8%. A 25% drop in crude oil prices in June drove the projected decrease.
- Fed Governor Christopher Waller noted "recent signs of continued pressure on goods prices," with core inflation remaining at 2.8%, above the Fed's 2% target. An artificial intelligence boom outweighs waning tariff impacts on pricing.
- Consumer spending surged 6.3% annually in June, the strongest in four years, according to Bank of America. Mohamed El-Erian of the Wharton School called this a "huge week" marked by major transformations within the Federal Reserve.
- Markets are pricing in a potential rate hike as early as September, while considerable uncertainty persists as tensions between America and Iran continue to spike oil prices and Treasury yields.
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91 Articles
Fed Chair Kevin Warsh faces Senate in high-stakes monetary policy hearing
Federal Reserve Chair Kevin Warsh appears before the Senate Banking Committee to deliver the Semiannual Monetary Policy Report, facing tough questions on inflation, interest rates, the U.S. economy, and the Fed's policy outlook. Markets are closely watching for any signals on future monetary policy. Warsh has emphasized the Fed's commitment to restoring price stability while avoiding direct guidance on future rate moves, making this one of the m…
US Fed says new policy will end inflation as energy prices surge
The head of the U.S. central bank told lawmakers on Tuesday, July 1, that inflation will be a thing of the past with the monetary policy he’s overseeing.Kevin Warsh delivered his first report to Congress as the latest inflation numbers showed recent
Despite pressure from parliamentarians, he did not comment on the future of interest rates, which will be defined in two weeks' time at the next monetary policy meeting.
Missouri Independent
Fed Chair Warsh vows to fight inflation even as new CPI report shows 3.5% rise
The new Consumer Price Index released on July 14, 2026, showed gasoline prices cooled, compared to $4.99 a gallon at this station in Silver Spring, Maryland, on May 17, 2026. (Photo by Jane Norman/States Newsroom) WASHINGTON — Federal Reserve Chair Kevin Warsh promised Tuesday to “put these years of high inflation behind us” and lower prices, including mortgage rates, for everyday Americans as inflation remains at the highest level in two years.…
Fed Chair Warsh vows to fight inflation even as new CPI report shows 3.5% rise • Rhode Island Current
The new Consumer Price Index released on July 14, 2026, showed gasoline prices cooled, compared to $4.99 a gallon at this station in Silver Spring, Maryland, on May 17, 2026. (Photo by Jane Norman/States Newsroom) WASHINGTON — Federal Reserve Chair Kevin Warsh promised Tuesday to “put these years of high inflation behind us” and lower prices, including mortgage rates, for everyday Americans as inflation remains at the highest level in two years.…
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