Federal Reserve Chair Kevin Warsh will make his first semiannual appearance before Congress on monetary policy on July 14, marking a key event for financial markets as lawmakers assess the U.S. central bank's outlook on inflation, interest rates and the broader economy, Reuters reported.
According to a hearing notice issued by the House Financial Services Committee, Warsh is scheduled to testify at 10 a.m. ET (1400 GMT). The appearance fulfills the Federal Reserve chair's statutory obligation to report to Congress twice each year on monetary policy, Reuters said.
As reported by Reuters, Warsh is also expected to appear before the Senate Banking Committee the following day, July 15, although the committee had not officially confirmed the schedule. A Senate Banking Committee staff member did not immediately respond to requests seeking confirmation.
Warsh's testimony comes after an unusual break from tradition earlier this year. House Financial Services Committee Chairman French Hill did not schedule former Fed Chair Jerome Powell for the committee's February monetary policy hearing, despite the long-standing practice of holding twice-yearly appearances.
The backdrop to this year's hearings is shaped by developments surrounding Powell's final months as Fed chief. Reuters reported that the U.S. Department of Justice opened a criminal investigation late last year into statements Powell made during his July 2025 testimony before the Senate Banking Committee.
However, the investigation was later put on hold after a federal judge ruled that the Justice Department's actions amounted to an inappropriate attempt to pressure Powell into lowering interest rates or stepping down from his position.
Warsh's upcoming testimony will be closely watched by investors, economists and lawmakers for clues on the Federal Reserve's assessment of inflation, economic growth and the future path of U.S. monetary policy.
