Fed Chairman Kevin Warsh testifies before House committee
Federal Reserve Chair Kevin Warsh testifies on inflation and the Fed's 2% target See how June's 0.4% drop in consumer prices could shape the next policy move
Federal Reserve Chairman Kevin Warsh appeared before the House Financial Services Committee on Tuesday as part of the central bank’s semiannual monetary policy report.
His testimony came on the same day the Bureau of Labor Statistics reported that U.S. consumer prices fell 0.4% in June, a decline that eased some concerns about inflation.
In prepared remarks, Warsh said the Fed remains focused on bringing inflation back to its 2% target and stressed the central bank’s commitment to price stability.