Kevin Warsh appeared before the House Financial Services Committee on Tuesday to address the economy and interest rates. The session forms part of the congressionally mandated Capitol Hill appearances for the Federal Reserve chairman.
The mandate
Federal law sets the requirement. The Fed chair must appear before Congress periodically to cover monetary policy and economic conditions. Warsh fulfilled part of that obligation Tuesday before the House Financial Services Committee; the Senate banking committee is also on his Capitol Hill schedule for this cycle.
The agenda
Economy and interest rates are the two subjects Warsh's testimony covered. Both sit at the center of the Fed's dual mandate, which defines the primary terrain lawmakers press when the central bank's chair appears before Congress under the mandate.
Note to editor: The source material carries no specific figures, rate guidance, or attributed statements from the testimony. Per desk policy, no numbers have been added. This piece reflects what the source actually reports. A fuller version requires access to the hearing record or Warsh's prepared remarks.