US Federal Reserve Chair Kevin Warsh testifies during a House Financial Services Committee hearing titled "The Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, DC, on July 14, 2026. (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

US Federal Reserve Chair Kevin Warsh testifies during a House Financial Services Committee hearing titled "The Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, DC, on July 14, 2026. (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

US Federal Reserve Chair Kevin Warsh testifies during a House Financial Services Committee hearing titled "The Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, DC, on July 14, 2026. (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

US Federal Reserve Chair Kevin Warsh testifies during a House Financial Services Committee hearing titled "The Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, DC, on July 14, 2026. (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

US Federal Reserve Chair Kevin Warsh testifies during a House Financial Services Committee hearing titled "The Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, DC, on July 14, 2026. (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

US Federal Reserve Chair Kevin Warsh testifies during a House Financial Services Committee hearing titled "The Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, DC, on July 14, 2026. (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

US Federal Reserve Chair Kevin Warsh testifies during a House Financial Services Committee hearing titled "The Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, DC, on July 14, 2026. (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

US Supreme Court Justice Elena Kagan (L) and US Supreme Court Justice Amy Coney Barrett (R) arrive to testify during a House Appropriations Subcommittee on Financial Services hearing on Capitol Hill in Washington, DC, on July 14, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)