July 14, 2026 14:28:38 UTC
Housing Lags While Rest of Economy Holds Steady, Warsh Says
Warsh described household consumption as moderate and manufacturing output as steadily rising this year. Housing was the exception, continuing to underperform the broader expansion. He said the Fed is watching how the AI investment boom feeds through to inflation and the labor market.
July 14, 2026 14:20:47 UTC
Warsh Flags AI Spending as Standout Economic Force
Business investment is the most striking part of the current economy, Warsh said. Equipment spending rose roughly 8% over the year through the first quarter, driven by data center construction and AI-related demand. High-tech investment alone grew nearly 25% on a four-quarter basis, he told lawmakers.
July 14, 2026 14:16:55 UTC
Warsh Pledges the Inflation Surge Will End
Warsh made his clearest promise yet on prices. “If we get policy right, and we will, the inflation surge of the last five years will be a thing of the past,” he said, calling that goal the Fed’s single clearest objective going forward.
July 14, 2026 14:16:55 UTC
Warsh: “Today We Are at a Hinge Point in History”
Warsh told lawmakers the Fed faces a defining moment. “Today we are at a hinge point in history,” he said, adding it falls to this generation of policymakers to keep the American economy performing at its best. He framed the semiannual report as a core accountability mechanism, not a discretionary courtesy.
July 14, 2026 14:16:55 UTC
Warsh Opens With Tribute to Alan Greenspan
Warsh began his House testimony by honoring Alan Greenspan, who died last month at 100. He noted Greenspan appeared before Congress more than two hundred times and recalled his “strong and steady hand” during a period of rapid economic change. Warsh called it his privilege to represent Fed colleagues at his first appearance before the panel.
July 14, 2026 13:59:42 UTC
Warsh Faces Two Days on the Hill as Inflation Cools but Stays Elevated
Kevin Warsh, five weeks into his four-year term as Fed Chair, opened his first semiannual testimony before the House Financial Services Committee Tuesday. He returns for a second round before the Senate Banking Committee Wednesday.
The timing puts energy markets front and center. The US-Israel conflict with Iran continues to keep policymakers on edge for fresh price shocks. June’s CPI report showed inflation cooling as tensions in the region briefly eased, yet the reading still sits well above the Fed’s 2% target.
