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
Related events
Expiry of extended validity for Iranian import order registrations without currency transfer
The validity of Iranian import order registrations made without a currency transfer has been extended to 6 September 2026. The mechanism lets importers clear goods without an allocation of foreign currency through the official network, and the deadline bears directly on customs clearance timing and raw-material supply for domestic manufacturers.
Canada's retaliatory tariffs on US goods take effect
Canadian Prime Minister Mark Carney said Canada will impose retaliatory tariffs on nearly 28 billion dollars of US goods starting September 8, 2026. The move follows the failure of Canada and the US to reach a trade agreement over the summer and the implementation of President Donald Trump's 50 percent tariffs on Canadian goods covered by the Canada-US-Mexico trade agreement.
ECB Governing Council meeting - September 2026
The ECB Governing Council holds its monetary policy meeting on September 10, 2026, hosted at Deutsche Bundesbank, to decide on eurozone interest rates.
TCMB Monetary Policy Committee meeting - September 2026
The Central Bank of the Republic of Turkey's (TCMB) Monetary Policy Committee meets on September 10, 2026 (19 Shahrivar 1405), per the bank's published 2026 calendar, to decide on its policy interest rate. This follows the previous meeting held on July 23, 2026.
US PPI release (BLS) - September 2026
Official release date per the St. Louis Fed FRED release calendar. Actual figures are recorded once published.