Fed Chief Warsh Vows to Tame Inflation in 1st Senate Testimony
Updated
Updated · NPR · Jul 15
Fed Chief Warsh Vows to Tame Inflation in 1st Senate Testimony
3 articles · Updated · NPR · Jul 15
Summary
Kevin Warsh used his first appearance before the Senate Banking Committee as Fed chair to pledge that the central bank will bring inflation under control.
The testimony marked his first formal congressional outing since taking over the Federal Reserve, putting his inflation-fighting stance at the center of his debut.
Lawmakers had already pressed Warsh earlier in the day on ethics, Fed independence, AI-driven price pressures and possible Trump contacts, issues that framed the hearing beyond his core inflation message.