Fed Chair Kevin Warsh testifies on inflation, AI and ethics before Congress
Federal Reserve Chair Kevin Warsh testified before the House Financial Services Committee, highlighting the central bank’s inflation goals as consumer prices showed a modest decline. CNBC had earlier noted the upcoming appearance amid a 0. 4% drop in June prices, and CNN reported that Warsh outlined upcoming task-force reviews, reaffirmed the Fed’s independence and stressed artificial intelligence as a major economic driver. He also reiterated that controlling inflation remains the primary priority.
A few days later, Warsh appeared before the Senate Banking Committee, where CNBC said he fielded questions on the economy, interest-rate policy and again emphasized the focus on inflation control. During that hearing, the New York Post reported that Senator Elizabeth Warren questioned Warsh about a $100 million asset sale and a possible violation of a blackout period by a Fed vice-chair, linking the discussion to the broader impact of artificial intelligence. After the hearings, Senator Mike Rounds said Warsh’s message aligned with congressional efforts to curb inflation, CNBC quoted him as stating. The series of testimonies underscored the Fed chair’s emphasis on price stability while addressing emerging technology and governance concerns.
