The new Fed Chairman's first check-in with Congress.

From Marketplace in Washington, I'm Kimberly Adams.

Federal Reserve officials are split on the direction interest rates should go.

The Iran War is once again pushing up oil prices,

and Americans are increasingly expecting inflation to remain high.

That's the backdrop to Fed Chair Kevin Warsh's first appearance in front of Congress

as the new head of the central bank later this morning.

Marketplace's Nova Saffo has more.

At the House Financial Services Committee today and the Senate Banking Committee tomorrow,

Kevin Warsh is likely to face questions over a number of immediate and long-term concerns.

Immediate ones include the direction of interest rates and where inflation might be headed.

The minutes from the last meeting of the Fed's interest setting committee showed sharp divisions,

with half-supporting raising rates by the end of the year.

Some policymakers were also worried about the impact of artificial intelligence.

Longer term, Warsh has committed to reforming how the Fed does its work, including how it communicates

with the public. Warsh wants the Fed to say less. Last week, the Central Bank announced the names of

15 experts from outside the Fed, who will lead task forces considering various reforms.

The names include Obama-era appointees and former central bankers from Brazil, India, and the UK.

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