{"id":16731,"date":"2026-07-15T11:16:31","date_gmt":"2026-07-15T03:16:31","guid":{"rendered":"https:\/\/tingchao.xyz\/?p=16731"},"modified":"2026-07-15T11:16:53","modified_gmt":"2026-07-15T03:16:53","slug":"warsh-touts-sea-change-at-fed-in-first-hearing-as-chief","status":"publish","type":"post","link":"https:\/\/tingchao.xyz\/?p=16731","title":{"rendered":"Warsh touts \u2018sea change\u2019 at Fed in first hearing as chief"},"content":{"rendered":"\n<figure class=\"wp-block-image alignwide size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"677\" height=\"382\" src=\"https:\/\/tingchao.xyz\/wp-content\/uploads\/2026\/07\/6.png\" alt=\"\" class=\"wp-image-16733\" srcset=\"https:\/\/tingchao.xyz\/wp-content\/uploads\/2026\/07\/6.png 677w, https:\/\/tingchao.xyz\/wp-content\/uploads\/2026\/07\/6-300x169.png 300w\" sizes=\"auto, (max-width: 677px) 100vw, 677px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Federal Reserve Chair Kevin Warsh on Tuesday touted his efforts to overhaul the central bank\u2019s approach to inflation and the economy at his first congressional hearing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In testimony before the House Financial Services Committee, Warsh laid out the significant changes underway at the Fed meant to address the bank\u2019s handling of inflation and the mistakes he believes his predecessors made.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIn six weeks, we have caused, I think, a sea change in new thinking, the beginning of a set of reforms that are going to be put in place across at least five dimensions in monetary policy,\u201d he told Rep. Andy Barr (R-Ky.), referring to his brief tenure in charge of the central bank.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Throughout his three hours of testimony, Warsh stressed the central bank\u2019s congressionally mandated independence and dismissed the impact President Trump\u2019s views will have on his decisionmaking.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe Fed will remain independent on my watch,\u201d Warsh told GOP Rep. Mike Flood (Neb.). \u201cFed independence is essential to the proper conduct of monetary policy, and I expect and will ensure that monetary policy is independent over the four years of my term.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAnd like you, I think it provides extraordinary benefits in everything we do and strengthens the role of the United States and the U.S. dollar and the global economy,\u201d he added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trump frequently took aim at Warsh\u2019s predecessor, Jerome Powell, for not backing interest rate cuts sooner last year. After the Federal Open Market Committee held rates steady at Warsh\u2019s first meeting in charge last month, Trump expressed confidence in his handpicked chair but said future rate hikes would be \u201chard to believe.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Later in the hearing, Rep. Gregory Meeks (D-N.Y.) pressed Warsh on his commitment to remaining independent from political pressure amid the war with Iran \u2014 which has spurred energy price hikes amid Tehran\u2019s effective closure of the Strait of Hormuz.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When Meeks asked Warsh if he is committed to adhering to the data, even in the wake of criticism from Trump, the central bank chair responded affirmatively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cI\u2019m ready to follow the law. I\u2019m ready for the Fed to deliver on the expansive remit that you gave us,\u201d he remarked.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Chair Kevin Warsh on Tuesday touted his efforts to overhaul the central bank\u2019s approach to inflation and the economy at his first congressional hearing. In testimony before the House Financial Services Committee, Warsh laid out the significant changes underway at the Fed meant to address the bank\u2019s handling of inflation and the mistakes [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":16733,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[2184,1907,4252],"class_list":["post-16731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-bank","tag-his","tag-warsh"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Warsh touts \u2018sea change\u2019 at Fed in first hearing as chief - LISTEN WORLD<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tingchao.xyz\/?p=16731\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Warsh touts \u2018sea change\u2019 at Fed in first hearing as chief - LISTEN WORLD\" \/>\n<meta property=\"og:description\" content=\"Federal Reserve Chair Kevin Warsh on Tuesday touted his efforts to overhaul the central bank\u2019s approach to inflation and the economy at his first congressional hearing. 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