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Fed Chair Warsh testifies on inflation before Congress
By Stetson Miller at WSMV 4 News (NBC affiliate)
· July 14, 2026
· 2 min read
WASHINGTON (Gray DC) -Federal Reserve Chairman Kevin Warsh told House lawmakers on Tuesday that the central bank is going to make high inflation “a thing of the past,” in his first appearance before Congress since taking on the role.“If we get policy right, and I can assure you we will, the infla...
Key takeaway Warsh became the Fed’s new leader on May 22, after replacing former chair Jerome Powell.
Why this matters in The Nashville
Nashville 's economy, closely tied to the national trends, will likely feel the effects of the Federal Reserve's efforts to combat inflation. As Fed Chairman Kevin Warsh vows to make high inflation "a thing of the past," local businesses and residents can expect potential changes in interest rates, which may impact borrowing costs and consumer spending. The city's thriving music and tourism industries, in particular, may be sensitive to shifts in consumer confidence and discretionary income. With Warsh's commitment to price stability, Nashville's entrepreneurs and small business owners will be watching closely to see how the Fed's monetary policy decisions play out in the coming months. The city's affordable housing market, already under pressure, may also be influenced by the Fed's actions, as changes in interest rates can affect mortgage rates and housing affordability.
About this story
Original reporting by WSMV 4 News (NBC affiliate) . The Nashville surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit WSMV 4 News (NBC affiliate) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 14, 2026 ·
Source: WSMV 4 News (NBC affiliate) ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? WASHINGTON (Gray DC) -Federal Reserve Chairman Kevin Warsh told House lawmakers on Tuesday that the central bank is going to make high inflation “a thing of the past,” in his first appearance before Congress since taking on the role.“If we get policy right, and I can assure you we will, the infla...
When was this published? This article was first published on July 14, 2026 by WSMV 4 News (NBC affiliate) and curated for The Nashville readers.
Who reported this story? This story was reported by Stetson Miller at WSMV 4 News (NBC affiliate). To learn more about how The Nashville selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Nashville, or browse our daily briefing and topic hubs .
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