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Federal Reserve Chairman Kevin Warsh speaks Tuesday to the House Financial Services Committee as part of the congressionally mandated semiannual monetary policy report
The central bank leader’s appearance comes the same day the Bureau of Labor Statistics reported that consumer prices fell an unexpectedly sharp 0.4% in June, easing some worries among policymakers about inflation
In remarks prepared for the appearance, Warsh promised a vigilant fight to return inflation to the Fed’s 2% target
“The members of our Committee have no tolerance for persistently elevated inflation. And we share a resolute commitment to restoring price stability,” he said
Read moreWarsh promises inflation will be a ‘thing of the past,’ cites benefits of AI investment boomFed officials were split on direction of interest rates at last meeting, minutes showWarsh faces multiple alternative inflation signs as Fed charts new course
