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Fed's Warsh rejects 'mission accomplished' view on inflation in first congressional testimony

Inflation fight isn't over despite sharp cooling in June consumer prices
Federal Reserve Chairman Kevin Warsh delivers his first semiannual monetary-policy testimony before Congress, warning against a “mission accomplished” view on inflation. (Getty Images)
Federal Reserve Chairman Kevin Warsh delivers his first semiannual monetary-policy testimony before Congress, warning against a “mission accomplished” view on inflation. (Getty Images)
CoStar News
July 14, 2026 | 7:42 P.M.

Federal Reserve Chairman Kevin Warsh told lawmakers Tuesday that the central bank has "no tolerance for persistently elevated inflation," pushing back against any notion that recent progress on consumer prices means the Fed's job is finished.

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