Federal Reserve to deliver monetary policy testimony to Congress in July
The Federal Reserve is preparing for its next scheduled appearance before lawmakers as Chair Kevin Warsh gets set to make his first congressional testimony on monetary policy. The hearing is scheduled for July 14 at 10 a.m. ET before the House Financial Services Committee, marking a key event for U.S. markets and policy watchers.
Highlights
- Federal Reserve Chair Warsh will testify on monetary policy before the House Financial Services Committee on July 14 at 10 a.m. ET.
- Warsh's appearance marks the first testimony since becoming Fed chair, following a missed February session that broke legal precedent.
- Jerome Powell faced a criminal DOJ investigation over his July 2025 testimony, which a federal judge suspended as an inappropriate attempt to pressure rate decisions.
Congressional hearing schedule and legal requirement
According to Reuters, Warsh is due to testify before Congress on July 14 at 10 a.m. ET, according to a hearing notice published on Monday. The appearance is his first testimony on monetary policy since taking over as Federal Reserve chair.By law, the U.S. central bank chief is required to testify before Congress twice each year, in February and July. Warsh would also typically be expected to appear before the Senate Banking Committee on July 15, although a staffer for the panel does not immediately respond to a request for confirmation of that date.
Political and institutional backdrop for the testimony
Warsh's upcoming appearance comes after an unusual break in the Federal Reserve's regular testimony schedule earlier this year. Financial Services Committee Chair French Hill never scheduled Warsh's predecessor, Jerome Powell, for the February session.The missed appearance followed legal and political pressure tied to Powell's July 2025 testimony before the Senate Banking Committee. The Department of Justice opened a criminal investigation late last year into statements Powell made at that hearing, but a federal judge ruled the probe was an inappropriate attempt to pressure him to lower rates or resign, and the investigation has since been suspended.
Our earlier coverage of the House Financial Services Committee’s July 2026 agenda outlined a packed slate of hearings starting with the Federal Reserve’s Semi-Annual Monetary Policy Report on July 14. It also highlighted planned sessions on consumer financial regulation, fintech and digital assets, and oversight priorities ranging from anti-money laundering enforcement to housing finance infrastructure.
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