Warsh to Testify Before Congress on Monetary Policy for the First Time
Claire Weston
Fed Chair Kevin Warsh will testify on the semiannual monetary-policy report on July 15 — his first congressional testimony as chair and a key window into the rate path ahead.
When and where does the hearing happen?
Warsh will appear before the Senate Banking Committee at 10:00 a.m. ET on July 15, with a live webcast.
The day before (July 14), he will first testify before the House Financial Services Committee.
Both hearings cover the same subject: the Fed's semiannual monetary-policy report to Congress.
Why does this hearing matter more than usual?
This is Warsh's first public testimony on monetary policy since becoming Fed chair.
This means → markets have so far read his stance only through minutes and scattered remarks; this is his first systematic policy statement in a formal setting.
In plain terms = the new chair is turning in his first public exam — the tone matters as much as the conclusions.
What is the market watching for?
The focus is Warsh's latest language on the rate path — whether he leans toward holding, hints at cuts, or keeps hikes on the table.
This means → his phrasing will directly repricing expectations for the next rate decision.
In plain terms = one hawkish or dovish sentence can move bonds and equities in the short term.
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