Kevin Warsh's first congressional testimony as Federal Reserve chair takes place this week. Lawmakers plan to press him on the economy. The session is his debut before the legislature in the chair's seat.
First appearance in the seat
Warsh has not previously testified before Congress as Fed chair. That changes this week. The hearing gives lawmakers their first formal window into how he reads current economic conditions, with his answers going on the congressional record.
The session carries particular weight because it is the first. Whatever Warsh tells Congress this week sets the baseline for how his economic views will be tracked going forward.
What lawmakers want from Warsh
Congress is pressing for his explicit read on current conditions. The Fed chair's testimony is a direct accountability moment: questions arrive in real time, in public, with the chair required to answer.
The hearing is this week. The questions are ready.
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