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Next week, Kevin Warsh will make his first appearance before Congress as the Fed Chair, and over the course of two days of hearings he will need to review new U.S. inflation data with lawmakers. The new data is expected to show easing inflation in June — BBG
But there’s a catch.. the inflation data that BBG is writing about has already become outdated amid the unexpectedly renewed conflict between the United States and Iran. It will be interesting to see what the “progressive” Warsh will say—or won’t say—on this topic in Congress, experts note
Warsh’s appearance before the House is scheduled for Tuesday, July 14, and before the Senate on Wednesday, July 15#ФРС