Fed Chair Kevin Warsh discusses central bank's independence, inflation in House testimony
Summary
Federal Reserve Chair Kevin Warsh spoke to the House Financial Services Committee about the central bank's independence and inflation. New government data showed that inflation increased by 3.5% over the year ending in June.Key Facts
- Kevin Warsh is the Federal Reserve Chair.
- He testified before the House Financial Services Committee on Tuesday.
- The discussion focused on the central bank’s independence and inflation.
- Inflation rose by 3.5% over the last year as of June.
- The testimony took place in Washington, D.C.
- The inflation data is recent and reflects government measurements.
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