Federal Reserve Chairman Kevin Warsh pledged to restore price stability, telling lawmakers that inflation could become "a thing of the past" if the central bank maintains the right monetary policy.
Speaking ahead of appearances before House and Senate committees, Warsh said controlling inflation remains the Federal Reserve's top priority.
Warsh also described the U.S. economy as resilient despite recent challenges. He pointed to the rapid expansion of artificial intelligence-related investment, including data centers, equipment and software, as a key driver of economic growth.
The report said he believes AI investment could eventually become a normal part of business spending and improve productivity.
Warsh also outlined five internal task forces that will review the Federal Reserve's communications, technology, balance sheet, economic data and inflation framework as part of broader institutional reforms.
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Consumer prices post their biggest monthly drop since 2020... and the new Fed chair is sending a clear message: "Inflation is a choice."
— Fox News (@FoxNews) July 14, 2026
Kevin Warsh says the Federal Reserve's "number one objective" is getting monetary policy right, saying that inflation over the long run is… pic.twitter.com/4uGvActCzL
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