WS #12038

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Fed Chair Warsh delivered prepared remarks to Congress, emphasizing no tolerance for persistent inflation, strong productivity, and monitoring AI investment implications. JPM, GS, C, BAC all beat Q2 estimates driven by investment banking and equities trading, but stocks mixed on expense guidance and NII misses.

Fed Chair Warsh Testimony

Fed Chair Warsh delivered prepared remarks to Congress, emphasizing no tolerance for persistent inflation, strong productivity, and monitoring AI investment implications.

JPM, GS, C, BAC all beat Q2 estimates driven by investment banking and equities trading, but stocks mixed on expense guidance and NII misses.

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