Takeaways From Fed Chairman Kevin Warsh’s First Congressional Testimony
Warsh said any shift in the Fed’s $6.7 trillion balance sheet will be announced in advance and explained to lawmakers and markets.
- Federal Reserve Chairman Kevin Warsh testified before the House Financial Services Committee on Tuesday, detailing how The Fed would telegraph any changes to its $6.7 trillion balance sheet to financial markets.
- Warsh recently established five task forces to review monetary policy, with findings shared first to the 19 members of the Federal Open Market Committee before public release.
- In an exchange with Republican Rep. Bryan Steil, Warsh expressed bullishness on AI's potential benefits for the U.S. economy, calling it "the most striking feature of the economy right now."
- Democratic Rep. Nydia Velázquez asked if Warsh works for Trump; he responded that The Fed is "an independent central bank" and stated, "We're honored to be independent."
- Warsh is scheduled to appear before the Senate Banking Committee on Wednesday, where he will continue presenting his monetary policy framework and task force findings.
13 Articles
13 Articles
LIVE NOW: Warsh Testifies at House Hearing on Federal Reserve’s Semi-Annual Monetary Policy Report
The House Financial Services Committee holds a hearing on “The Federal Reserve’s Semi-Annual Monetary Policy Report” at 10 a.m. ET on July 14. Witnesses: The Honorable Kevin Warsh – Chairman, Board of Governors of the Federal Reserve System ...
Fed Chairman Kevin Warsh’s testimony to Senate banking committee hits on economy, interest rates
[The stream is slated to start at 10 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.]Federal Reserve Chairman Kevin Warsh testified Wednesday before the Senate Banking Committee, facing questions over the the economy and how various factors might impact…
The photo shows Federal Reserve Chairman Kevin Warsh speaking to reporters at his first press conference since taking office in Washington, D.C., on June 17, 2026. (Chip Somodevilla/GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
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