Woofun AI reports that Federal Reserve Chair Warsh testified before the House Financial Services Committee regarding the Semiannual Monetary Policy Report. He characterized the 2020 inflation framework as a mistake and stated his intention to re-examine the current approach to better understand inflation causes. Warsh reaffirmed the Fed's commitment to a 2% inflation target and price stability, asserting that the central bank possesses the necessary tools to achieve these goals.