Federal Reserve Chairman Kevin Warsh appears before the Senate Banking Committee to deliver the Federal Reserve’s Semiannual Monetary Policy Report and answer lawmakers’ questions on inflation, interest rates, artificial intelligence, banking regulation, employment, and the U.S. economy.
Chairman Warsh discusses inflation, monetary policy, AI’s impact on jobs and productivity, Federal Reserve reform, banking regulation, Basel III, the Fed’s balance sheet, and central bank independence.
Timestamps
00:00 Hearing begins
00:00:28 Committee Chairman Tim Scott opening statement
00:06:24 Ranking Member Elizabeth Warren opening statement
00:11:38 Federal Reserve Chairman Kevin Warsh opening testimony
00:17:21 Inflation strategy
00:18:13 New Federal Reserve task forces
00:20:06 AI and productivity
00:23:00 Senator Warren questions Chairman Warsh
00:29:02 Basel III reform
00:35:03 AI cybersecurity
00:39:23 Productivity and wages
00:42:06 Bank regulation updates
00:45:21 AI and future jobs
00:50:22 Inflation outlook
00:52:03 Federal Reserve balance sheet
00:56:05 Energy prices and inflation
01:03:02 Inflation and monetary policy
01:07:26 Tourism and employment
01:12:20 Monetary policy independence
01:15:30 Money supply discussion
01:17:47 AI task force discussion
01:23:09 Immigration and labor force
01:28:05 AI investment risks
01:33:07 Silicon Valley Bank review
01:35:06 Payment system modernization
01:39:12 AI and financial stability
01:47:04 Data centers and inflation
01:53:52 Banking regulation reforms
01:55:07 Manufacturing investment
02:04:33 Closing remarks
02:05:06 Hearing adjourns
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