finance
Federal Reserve Chair Kevin Warsh to Testify Before Congress as Inflation Data Released
Warsh appears before the House Financial Services Committee on Tuesday and the Senate Banking Committee on Wednesday. The Commerce Department releases June core inflation data on the same day.
Jul 14, 5:15 AM·1m read1 source
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Federal Reserve Chair Kevin Warsh will testify before the House Financial Services Committee on Tuesday and the Senate Banking Committee on Wednesday, Semafor reported. Warsh, who was recently confirmed to the post, has announced task forces at the central bank and is expected to face questions about those initiatives.
The Commerce Department is scheduled to release June core inflation data on Tuesday.
Oil and gas prices fell during the month. Fed Governor Christopher Waller stated on July 13 that another hot reading on core inflation this week would require the Federal Reserve to consider tightening monetary policy in the near term.
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