Warsh Emphasizes Fed's Stance Against Persistent Inflation

WHO:

ABC News Business - Federal Reserve Chair Kevin Warsh

Bloomberg Markets - Federal Reserve Chairman Kevin Warsh

WHAT:

ABC News Business - Warsh pledged to make high inflation “a thing of the past.”

Bloomberg Markets - Warsh stated, “The members of our committee have no tolerance for persistently elevated inflation.”

Bloomberg Markets - Warsh reiterated a vow to tame price growth that has been elevated for five years.

WHERE:

Bloomberg Markets - Testimony delivered to the House Financial Services Committee.

WHEN:

Bloomberg Markets - Warsh's testimony is scheduled for Tuesday morning.

WHY:

Bloomberg Markets - The central bank's motivation is to address high inflation.

HOW:

ABC News Business - Warsh provided no signal about the central bank’s next steps.

(UPDATED July 14, 2026 15:23 UTC)

Federal Reserve Chair Kevin Warsh testified before the House Financial Services Committee, pledging to make high inflation “a thing of the past” and emphasizing that the committee has no tolerance for persistently elevated prices. He reiterated his commitment to tackling price growth that has remained high for five years, although he did not provide any indication of the central bank's next steps. Warsh's testimony is scheduled for Tuesday morning, as the central bank continues to focus on addressing the ongoing inflation challenges.