Federal Reserve Chair Kevin Warsh emphasized on Wednesday, July 1, 2026, at the forum in Sintra, Portugal, that the Fed will remain independent. He appeared in a panel discussion alongside European Central Bank President Christine Lagarde, who spoke about the need to maintain price stability. ANSA ↗
According to published information, Warsh also stated that prices in the United States are too high. Markets therefore closely followed his appearance, particularly for possible signals about the future direction of monetary policy. Expectations of a tighter Fed stance were also reflected in the movement of gold, which fell for a third consecutive day, with the spot price reaching $3,974 per ounce. Le Figaro ↗
At the same forum, Lagarde stated that the European Central Bank is taking appropriate measures to ensure price stability. According to her remarks, central bankers do not want to let inflation accelerate again. ANSA ↗
Financial markets in Europe remained weak throughout the day. The major European exchanges held in negative territory, and Wall Street futures were in the red ahead of the appearances by Warsh and Lagarde. The Milan stock exchange was losing approximately 0.35 percent, having already been down 0.3 percent in the morning. Investors were also watching mixed manufacturing PMI indices in Italy, France, Germany, and the eurozone. n-tv ↗
Warsh and Lagarde Discuss Inflation and Fed Independence in Portugal
On Record
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Kevin Warsh
Predseda americkej centrálnej banky
28.08.2026
„Dans l’ensemble, je serais difficilement en mesure de décrire les conditions financières comme restrictives"
Vyjadrenie počas prejavu v Jackson Hole
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