Fed chair Kevin Warsh testifies Tuesday before House Financial Services Committee on semi-annual monetary policy report

Federal Reserve chair Kevin Warsh is scheduled to testify Tuesday before the House Financial Services Committee as part of the committee’s review of the central bank’s semi-annual monetary policy report, according to PBS NewsHour Politics. The hearing is being streamed live by the network as part of its coverage of the congressional session.

The appearance centers on the Fed’s semi-annual monetary policy report, a recurring document presented to Congress that informs lawmakers about the Federal Reserve’s assessment of the economy and the stance of monetary policy. Warsh’s testimony is expected to focus on the report’s themes and on questions from committee members during the hearing.

The House Financial Services Committee, which oversees a range of financial-system and regulatory issues, will use the hearing to press the Fed on how it is evaluating economic conditions and how those assessments translate into policy decisions. Committee lawmakers typically follow up on points included in the report, seeking clarification on risks to growth and inflation and on the Fed’s approach to future policy considerations.

The hearing also provides a public forum for lawmakers to ask the central bank about the transmission of monetary policy to financial markets and the broader economy. Because the testimony is anchored to the semi-annual report, members are likely to focus on the Fed’s explanation of the policy framework described in the document and on any changes or updates reflected in the latest report.

While the session is designed as a formal oversight and information-gathering process, it occurs within the broader legislative calendar facing the House Financial Services Committee and other panels that deal with economic and financial issues. The testimony is expected to be used by members in their ongoing work, including consideration of legislation that can intersect with monetary policy, market conditions, and regulatory priorities.

No specific policy actions or decisions by the Federal Reserve are described in the hearing announcement. Any further developments are expected to be determined by the Federal Reserve through its own regular policy process following the communication to Congress through the semi-annual report and the chair’s testimony.

PBS NewsHour Politics’ live coverage begins with the hearing itself, and the record will include Warsh’s prepared remarks and responses to questions from committee members during the session.