Fed Chair Kevin Warsh Testifies as Bank Earnings and Inflation Data Hit Markets

Federal Reserve Chair Kevin Warsh will testify before Congress twice this week, his first appearances as chair, as major bank earnings and fresh inflation data land. His testimony coincides with the June CPI report ahead of the House Financial Services Committee on Tuesday, July 14, and the PPI release before the Senate Banking Committee on Wednesday, according to BeInCrypto. The remarks follow Warsh’s first FOMC meeting in June, when officials signaled openness to a rate hike if inflation stays elevated.

JPMorgan, Bank of America, Wells Fargo, Goldman Sachs and Citigroup report Tuesday, followed by Morgan Stanley, Johnson & Johnson, ASML and United Airlines on Wednesday, and Taiwan Semiconductor, Netflix, UnitedHealth and GE Aerospace on Thursday alongside June retail sales.