Kevin Warsh is about to have his first real conversation with Congress since taking the most powerful seat in global monetary policy. The newly installed Federal Reserve Chair is scheduled to appear before the Senate Banking Committee on July 15, a day after his House Financial Services Committee testimony on July 14, marking his inaugural semiannual monetary policy address to lawmakers.
This is the moment markets have been waiting for since Warsh officially became the 17th Fed Chair on May 22, 2026. His confirmation was not exactly a landslide: the Senate approved him 54-45, a margin thin enough to suggest the political headwinds that will follow him into the job.
Who is Kevin Warsh, and why does it matter
Warsh is not a stranger to the Fed. He served as a Fed Governor from 2006 to 2011, which means he had a front-row seat to the 2008 financial crisis. He was the youngest appointee to that role at the time.
He succeeds Jerome Powell, who steered the Fed through the pandemic-era rate hiking cycle that reshaped global markets. Warsh steps in at a moment where inflation is running at around 3.3% annually, which is above the Fed’s 2% target.
