Fed Chair Warsh's semiannual monetary policy testimony to Congress (July 2026)
Federal Reserve Chair Kevin Warsh delivered the semiannual monetary policy report to Congress, appearing before the House Financial Services Committee on July 14, 2026 (23 Tir 1405) and the Senate Banking Committee on July 15. Warsh reaffirmed the Fed's commitment to its 2% inflation goal, called the recent improvement in inflation not yet complete, and gave few clues on the rate path, with the federal funds target range held at 3.50%-3.75%. It is closely watched for the dollar and gold.
Recorded figures
- Status
- Held
- Rate
- 3.50%–3.75%
- Reason
- Delivered to the House (July 14) and Senate (July 15); Warsh reaffirmed the 2% inflation commitment, called inflation progress not yet complete, and gave few rate-path clues, with the federal funds target range held at 3.50%-3.75%.
As of Jul 15, 2026
Sources
Federal Reserve Board · Board of Governors of the Federal Reserve System
Cited Jul 13, 2026
Sahmino (اتاق خبر) · Sahmino
Cited Jul 13, 2026
CNN Business · CNN
Latest improvement on inflation isn't 'mission accomplished,' Fed Chairman Warsh says.
Cited Jul 15, 2026
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