Kevin Warsh, who took over as Federal Reserve Chair on May 22, 2026, delivered the semiannual Monetary Policy Report to the US Senate Banking Committee this week. It was his first time presenting the legally mandated report since assuming the role, and crypto got exactly zero mentions.
The report and the man behind it
The semiannual Monetary Policy Report is required by the Federal Reserve Act, and forces the chair to sit before Congress and lay out the central bank’s thinking on monetary policy, economic conditions, and financial stability.
Warsh previously served as a Federal Reserve Governor from 2006 to 2011 under Chairman Ben Bernanke, which means he was in the room during the 2008 financial crisis. His four-year term runs through May 21, 2030.
No specific economic projections, policy signals, or forward guidance from the testimony made it into widespread reporting.
