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The Federal Reserve Chair heads to Congress.

For Marketplace in Los Angeles, I'm Novosafo in for Kimberly Adams.

Newly appointed Federal Reserve Chairman Kevin Warsh is set to testify in Congress this week

for the first time since taking on his new role. His appearance

comes as policymakers are split about the direction of interest rates amid persistent inflation.

For more, I'm joined by Julia Coronado, founder and president of macro policy perspectives. Good

morning. Good morning. So Federal Reserve Chair Kevin Warsh testifies before Congress tomorrow and Wednesday. This is routine for Fed chairs, but, you know, they try not to say anything or make any news, but what will you be hearing, listening for and potentially looking for from Kevin Warsh?

Well, certainly any clues about where policy is heading in the second half of the year.

They released the report to Congress on Friday, and they noted that inflation is elevated and that the labor market is steady and the economy is doing okay.

And all of that suggests that they may need to lean in the direction of

higher interest rates in order to bring inflation down. And that is certainly what we're going to be

...