Federal Reserve Chairman Kevin Warsh’s first appearance before Congress since taking office is expected to provide fresh insight into his views on the economy, inflation and employment beyond what he shared during his confirmation process.

A key focus is likely to be employment, where Warsh has offered few details on how a shrinking labor force could affect the Fed’s maximum employment mandate. Senators may ask whether weak job creation can still be consistent with a healthy labor market if unemployment remains low.

Warsh’s approach to inflation is also expected to draw scrutiny. His comments about focusing on the “left of the decimal point” suggest he may be comfortable with inflation modestly above the Fed’s 2% target, but it remains unclear whether he sees inflation below 2% as equally problematic under the Fed’s symmetric framework.

Another area of interest is the money supply. The Fed’s latest Monetary Policy Report reintroduced the topic after a decade, raising questions about how much weight Warsh intends to place on monetary aggregates and whether that could influence discussions around fiscal deficits.

Lawmakers may also seek clarity on inflation expectations. While the Fed traditionally views anchored expectations as critical to maintaining price stability, Warsh has not highlighted them with the same emphasis, leaving uncertainty over their role in his policy framework.