Federal Reserve Chairman Kevin Warsh recently spoke to lawmakers in Washington. He discussed the central bank's plans to address inflation. Warsh's comments came during a required appearance before a House committee.

The economy was described as being in a stable condition. However, previous policy decisions were criticized. Warsh indicated that the bank is moving in a new direction.

Further details about Warsh's testimony and the Fed's monetary policy report are available from the source. Warsh has been leading the Fed since late May, and his comments suggest a commitment to controlling inflation.