Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, July 16, 2026. (AP Photo/Ahn Young-joon)

A currency trader talks on the phone near a screen showing the Korea Composite Stock Price Index (KOSPI), SK Hynix and Samsung Electronics Co. stock price at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, July 16, 2026. (AP Photo/Ahn Young-joon)

Federal Reserve Chairman Kevin Warsh appears before the House Financial Services Committee to deliver the semi-annual monetary policy report on the central bank, at the Capitol in Washington, Tuesday, July 14, 2026. (AP Photo/J. Scott Applewhite)

Federal Reserve Chairman Kevin Warsh appears before the House Financial Services Committee to deliver the semi-annual monetary policy report on the central bank, at the Capitol in Washington, Tuesday, July 14, 2026. (AP Photo/J. Scott Applewhite)

Federal Reserve Chairman Kevin Warsh appears before the House Financial Services Committee to deliver the semi-annual monetary policy report on the central bank, at the Capitol in Washington, Tuesday, July 14, 2026. (AP Photo/J. Scott Applewhite)

Federal Reserve Chairman Kevin Warsh appears before the House Financial Services Committee on Capitol Hill, Tuesday, July 14, 2026, in Washington. (AP Photo/Mark Schiefelbein)

Federal Reserve Chairman Kevin Warsh appears before the House Financial Services Committee on Capitol Hill, Tuesday, July 14, 2026, in Washington. (AP Photo/Mark Schiefelbein)

Federal Reserve Chairman Kevin Warsh appears before the House Financial Services Committee on Capitol Hill, Tuesday, July 14, 2026, in Washington. (AP Photo/Mark Schiefelbein)