Fed Chair Kevin Warsh discusses central bank's independence, inflation in House testimony

Fed Chair Kevin Warsh testified before the House Financial Services Committee on Tuesday, addressing central bank independence and inflation. New government data indicates that inflation rose 3.5% annually in June. While Warsh vowed to uphold Fed independence despite pressure from Trump, this commitment aims to reassure markets. However, the situation highlights potential volatility within crypto markets resulting from these ongoing political and economic pressures as reported by Taurean Small from Washington, D.C. and Crypto Briefing.