Federal Reserve Chairman Kevin Warsh speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, June 17, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)

FILE - The William McChesney Martin Jr. building, which houses the Board of Governors of the Federal Reserve System, is seen on April 7, 2025, in Washington. (AP Photo/Jacquelyn Martin, File)

This image taken from video shows authorities inspecting a car lying half-submerged in water on a Philadelphia street on Sunday, July 12, 2026 after a line of severe, short thunderstorms passed through the city the day before. (WPVI-TV/6ABC via AP)

This image taken from video shows authorities inspecting a car lying half-submerged in water on a Philadelphia street on Sunday, July 12, 2026 after a line of severe, short thunderstorms passed through the city the day before. (WPVI-TV/6ABC via AP)

This image taken from video shows a broken tree branch on a street, Sunday, July 12, 2026 after a line of severe, short thunderstorms passed through the city the day before in Philadelphia. (WPVI-TV/6ABC via AP)

(AP Illustration / Peter Hamlin)

Palestinians gather around a blacksmith shop in Gaza City's Sabra neighborhood after it was hit by an Israeli military strike on Sunday, July 12, 2026. (AP Photo/Jehad Alshrafi)

Palestinians gather around the site of an Israeli military drone strike on a blacksmith shop in Gaza City's Sabra neighborhood killing at least four Palestinians and wounded another, according to officials at Shifa hospital, where the casualties were taken on Sunday, July 12, 2026. (AP Photo/Jehad Alshrafi)