Federal Reserve Chairman Kevin Warsh delivered his first semi-annual monetary policy report to Congress on July 14, speaking to lawmakers for three hours on a range of issues.
Warsh, in his opening remarks to the House Financial Services Committee, reaffirmed his commitment to employing a “regime change” in the conduct of monetary policy.
He also vowed that the inflation surge over the past five years “will be a thing of the past.” Those comments came as the June consumer price index report was released, showing cooling monthly and 12-month inflation rates amid stabilizing energy markets.
Here are five key takeaways from Warsh’s appearance on Capitol Hill….