House Committee on Financial Services

Federal Reserve Chair Kevin Warsh pledged to reduce inflation after the Bureau of Labor Statistics' Consumer Price Index reported a 3.5% annual rise in June 2026, driven by persistent food and fuel costs despite falling gas prices. Warsh emphasized data-driven monetary policy in response to congressional inquiries and geopolitical tensions in the Strait of Hormuz affecting oil markets.

Federal Reserve Chair Kevin Warsh pledged to reduce inflation to the Fed’s target of 2% during a congressional hearing, following a report showing a 3.5% annual rise in consumer prices. The data reflected cooling gasoline prices but persistent increases in routine costs like food, amid renewed tensions in the Strait of Hormuz affecting global oil supplies.

Federal Reserve Chair Kevin Warsh pledged to reduce inflation to the Fed's 2% target following a 3.5% annual rise in the Consumer Price Index, driven by routine costs like food and fuel despite falling gas prices. Warsh emphasized data-driven monetary policy amid geopolitical tensions in the Strait of Hormuz and political scrutiny over the Fed's independence.

Federal Reserve Chair Kevin Warsh pledged to reduce inflation following a 3.5% annual rise in the Consumer Price Index, driven by persistent food and fuel costs despite falling gas prices. Warsh addressed Congress, emphasizing adherence to data over political pressure amid heightened tensions with Iran and scrutiny over the Fed's independence from President Donald Trump.

Fed Chair Kevin Warsh pledged to reduce inflation, despite a 3.5% rise in the Consumer Price Index, with falling gas prices offsetting higher costs for food and fuel. Warsh addressed Congress amid concerns over political pressure following a Supreme Court decision expanding presidential authority over agencies.