Federal Reserve Chairman Kevin Warsh testifies before the Senate Banking, Housing and Urban Affairs Committee to deliver the semiannual monetary policy report to congress, on Capitol Hill, Wednesday, July 15, 2026, in Washington. (AP Photo/Jose Luis Magana)df

Federal Reserve Chairman Kevin Warsh testifies before the Senate Banking, Housing and Urban Affairs Committee to deliver the semiannual monetary policy report to congress, on Capitol Hill, Wednesday, July 15, 2026, in Washington. (AP Photo/Jose Luis Magana)

Federal Reserve Chairman Kevin Warsh testifies before the Senate Banking, Housing and Urban Affairs Committee to deliver the semiannual monetary policy report to Congress, on Capitol Hill, Wednesday, July 15, 2026, in Washington. (AP Photo/Jose Luis Magana)

Federal Reserve Chairman Kevin Warsh testifies before the Senate Banking, Housing and Urban Affairs Committee to deliver the semiannual monetary policy report to Congress, on Capitol Hill, Wednesday, July 15, 2026, in Washington. (AP Photo/Jose Luis Magana)

WASHINGTON, DC - JULY 28: The casket of late Republican Senator Lindsey Graham during a memorial tribute to the late U.S. Sen. Lindsey Graham (R-SC) in the Rotunda of the U.S. Capitol on July 28, 2026 in Washington, DC. Graham, who was elected to the Senate in 2002, died suddenly on July 11th from an aortic dissection. He was 71 years old. (Photo by Tierney L. Cross - Pool)

WASHINGTON, DC - JULY 28: U.S. Vice President JD Vance speaks during a memorial tribute for the late U.S. Sen. Lindsey Graham (R-SC) in the Rotunda of the U.S. Capitol on July 28, 2026 in Washington, DC. Graham, who was elected to the Senate in 2002, died suddenly on July 11th from an aortic dissection. He was 71 years old. (Photo by Win McNamee/Getty Images)

WASHINGTON, DC - JULY 28: The casket of late Republican Senator Lindsey Graham during a memorial tribute to the late U.S. Sen. Lindsey Graham (R-SC) in the Rotunda of the U.S. Capitol on July 28, 2026 in Washington, DC. Graham, who was elected to the Senate in 2002, died suddenly on July 11th from an aortic dissection. He was 71 years old. (Photo by Tierney L. Cross - Pool)

WASHINGTON, DC - JULY 28: U.S. Vice President JD Vance speaks during a memorial tribute for the late U.S. Sen. Lindsey Graham (R-SC) in the Rotunda of the U.S. Capitol on July 28, 2026 in Washington, DC. Graham, who was elected to the Senate in 2002, died suddenly on July 11th from an aortic dissection. He was 71 years old. (Photo by Win McNamee/Getty Images)