Fed Chair Kevin Warsh told Congress the Federal Reserve is committed to bringing inflation back to its 2% target while addressing AI, interest rates and jobs.

“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.

Kevin Warsh testifies before Congress on July 14-15, 2026, presenting a Monetary Policy Report that signals a strict 2% inflation target and rate