Federal Reserve Chairman Kevin Warsh is scheduled to appear before the Republican-controlled U.S. House of Representatives Financial Services Committee and the Senate Banking Committee, where he will discuss his plans for the Fed and the economy.

Warsh’s Independence

Warsh’s initial steps as Fed Chairman have been seen as showing more distance from President Trump than not, with his appointments to task forces noted for their expertise and lack of ideological or partisan figures.

Warsh has also begun talking in more conditional terms about issues like artificial intelligence, which he previously said could lower inflation and lead to lower interest rates.

Testimony

Warsh’s testimony could show if his first weeks in office have eased concerns that he will either meet President Trump’s demands for lower interest rates or face blowback from the White House.

Warsh has shown no signs that a rate cut will happen soon, and his view on artificial intelligence’s impact on the economy contrasts with that of former Fed Governor Stephen Miran, who advocated for rate cuts during his tenure.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.