Federal Reserve Chair Kevin Warsh may not like forward guidance, but he spent five hours answering lawmakers' questions this week. What they learned.

Federal Reserve Chair Kevin Warsh said Tuesday that the Fed will make high inflation “a thing of the past," yet he provided no signal about the central bank's next steps.

“There’s plenty of work to do” to reduce inflation to an acceptable level, Federal Reserve Chair Kevin Warsh said in testimony before the House Financial Services Committee.

Fed's Warsh signals steady rates and cautious inflation management. Rate cut by October 2026 at 0.1% YES.