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Warsh on Inflation

Fed Chair Kevin Warsh signals a hard line against persistent inflation in first hearing.

July 14, 2026 · Updated Jul 14, 5:36pm ET

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Pano rates the coverage Mostly Right.

What happened

Federal Reserve Chair Kevin Warsh told Congress in his first testimony since taking office May 22 that policymakers have “no tolerance for persistently elevated inflation” and are committed to returning inflation to the Fed’s 2% target. Warsh said high inflation has burdened households and businesses and pledged to make it “a thing of the past,” while calling for a “regime change” in monetary-policy practices. He did not signal whether the Fed’s next move would be a rate hike, cut or hold.

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