Warsh Gains Global Backing for Inflation-focused Fed Leadership

WHO:

CNN - Kevin Warsh is the Federal Reserve Chairman.

CNN - Christine Lagarde is the President of the European Central Bank.

CNN - Andrew Bailey is the Governor of the Bank of England.

CNN - Tiff Macklem is the Governor of the Bank of Canada.

ABC News - President Trump has sought lower interest rates.

WHAT:

[19 articles] - CNN - Warsh stated, “We have found common cause,” in response to ECB President Christine Lagarde's regret about feeling bound by forward guidance.

[19 articles] - CNN - Warsh emphasized that central banks should stop trying to predict the economy, stating, “No forward guidance, no forward guidance.”

[19 articles] - NBC News - Warsh stated that inflation risks have declined but emphasized that the central bank still has more work to do to rein in prices.

[19 articles] - Bloomberg Markets - Warsh announced five task forces to review factors affecting the Fed’s monetary policymaking, including productivity.

[19 articles] - Bloomberg Markets - Wall Street investors expect the Fed could hike its key interest rate from its current level of about 3.6% to roughly 3.9% as soon as in September.

[19 articles] - ABC News - Warsh indicated that the Fed's focus on inflation likely forecloses the rate cuts President Trump has sought.

[19 articles] - AP News - Warsh stated, “I guess they’d be disappointed. We’re going to deliver price stability,” regarding inflation expectations.

[19 articles] - AP News - Warsh reiterated his view that over time, artificial intelligence will expand the economy’s ability to produce goods and services and reduce inflationary pressures.

[19 articles] - AP News - Warsh noted that hiring has picked up in recent months and economists forecast the government will issue a solid jobs report on Thursday that will likely show the unemployment rate remains a low 4.3%.

[19 articles] - NBC News - Warsh emphasized that there is still more work to do to rein in prices despite the decline in inflation risks.

[19 articles] - Bloomberg Markets - The US dollar strengthens as traders await Fed Chair Warsh's comments in his first public appearance alongside other central bank leaders in Sintra, Portugal.

[19 articles] - Bloomberg Markets - The US lifted its foreign access restrictions on Anthropic’s Fable 5 AI model.

[19 articles] - ABC News - Warsh said, “I guess they'd be disappointed. We're going to deliver price stability,” regarding inflation expectations.

[19 articles] - ABC News - Warsh underscored the Fed's independence from day-to-day politics, stating, “We’ve been an independent central bank for a very long time. We’re going to be an independent central bank at this moment and you’re going to see no changes to that.”

[19 articles] - ABC News - Warsh declined to signal what steps the Fed would take to achieve inflation reduction, stating, “I'm not going to make a judgment now. The tactics, the strategy, and the rest, that's still to come.”

[19 articles] - Bloomberg Markets - Warsh emphasized the importance of getting inflation back down to the Fed’s 2% target during his first news conference after last month’s policy meeting.

[19 articles] - Bloomberg Markets - Warsh noted productivity’s upswing over the past year and hinted that it may remain on that trend: “Nothing is in the bank at this time of consequence, but if the last four quarters are an indication... think there’s reason to be optimistic now.”

[19 articles] - NBC News - Warsh said, “I believe in the rule of law” regarding the Supreme Court ruling that keeps Fed Governor Lisa Cook in her role.

[19 articles] - NBC News - Warsh stated that inflation risks have declined but emphasized that the central bank still has more work to do to rein in prices.

[19 articles] - Bloomberg Markets - Warsh has tapped former Bank of England Governor Mervyn King to co-chair the US central bank’s new task force on communications.

[19 articles] - Bloomberg Markets - The US dollar strengthens as traders await Fed Chair Warsh's comments in his first public appearance alongside other central bank leaders in Sintra, Portugal.

[19 articles] - Bloomberg Markets - The US lifted its foreign access restrictions on Anthropic’s Fable 5 AI model.

[19 articles] - ABC News - Warsh indicated that the Fed would remain independent and focus on reducing inflation.

[19 articles] - ABC News - Inflation in the US reached a three-year high of 4.2% in May.

[19 articles] - ABC News - Nearly half of the 19 Fed policymakers signaled support for higher rates this year.

[17 articles] - CNN - Warsh stated, “We have found common cause,” in response to ECB President Christine Lagarde's regret about feeling bound by forward guidance.

[17 articles] - CNN - Warsh emphasized that central banks should stop trying to predict the economy, stating, “No forward guidance, no forward guidance.”

[17 articles] - NBC News - Warsh stated that inflation risks have declined but emphasized that the central bank still has more work to do to rein in prices.

[17 articles] - Bloomberg Markets - Nearly all Fed officials projected either a rate hike this year or holding borrowing costs steady, with only one official projecting a rate cut.

[17 articles] - Bloomberg Markets - Wall Street investors expect the Fed could hike its key interest rate from its current level of about 3.6% to roughly 3.9% as soon as in September.

[17 articles] - ABC News - Warsh indicated that the Fed's focus on inflation likely forecloses the rate cuts President Trump has sought.

[17 articles] - AP News - Warsh stated, “I guess they’d be disappointed. We’re going to deliver price stability,” regarding inflation expectations.

[17 articles] - AP News - Warsh reiterated his view that over time, artificial intelligence will expand the economy’s ability to produce goods and services and reduce inflationary pressures.

[17 articles] - AP News - Warsh noted that hiring has picked up in recent months and economists forecast the government will issue a solid jobs report on Thursday that will likely show the unemployment rate remains a low 4.3%.

[16 articles] - CNN - Warsh stated, “There is a willingness by my colleagues in the central banking community around the world to go back to first principles. We all want to make the best decisions we can.”

[16 articles] - CNN - Warsh emphasized the importance of getting inflation back down to the Fed’s 2% target during his first news conference after last month’s policy meeting.

[16 articles] - NBC News - Warsh stated that inflation risks have declined but emphasized that the central bank still had more work to do to rein in prices.

[16 articles] - NBC News - Warsh said, “I believe in the rule of law” regarding the Supreme Court ruling that keeps Fed Governor Lisa Cook in her role.

[16 articles] - Bloomberg Markets - Warsh has tapped former Bank of England Governor Mervyn King to co-chair the US central bank’s new task force on communications.

[16 articles] - Bloomberg Markets - The US dollar strengthens as traders await Fed Chair Warsh's comments in his first public appearance alongside other central bank leaders in Sintra, Portugal.

[16 articles] - Bloomberg Markets - The US lifted its foreign access restrictions on Anthropic’s Fable 5 AI model.

[15 articles] - CNN - Warsh stated, “We have found common cause,” in response to ECB President Christine Lagarde's regret about feeling bound by forward guidance.

[15 articles] - CNN - Warsh emphasized that central banks should stop trying to predict the economy, stating, “No forward guidance, no forward guidance.”

[15 articles] - NBC News - Warsh stated that inflation risks have declined but emphasized that the central bank still has more work to do to rein in prices.

[15 articles] - Bloomberg Markets - Warsh announced five task forces to review factors affecting the Fed’s monetary policymaking, including productivity.

[15 articles] - Bloomberg Markets - The US dollar strengthens as traders await Fed Chair Warsh's comments in his first public appearance alongside other central bank leaders in Sintra, Portugal.

[15 articles] - Bloomberg Markets - The US lifted its foreign access restrictions on Anthropic’s Fable 5 AI model.

[13 articles] - CNN - Warsh stated, “We have found common cause,” in response to ECB President Christine Lagarde's regret about feeling bound by forward guidance.

[13 articles] - CNN - Warsh emphasized that central banks should stop trying to predict the economy, stating, “No forward guidance, no forward guidance.”

[13 articles] - CNN - Warsh noted productivity’s upswing over the past year and hinted that it may remain on that trend: “Nothing is in the bank at this time of consequence, but if the last four quarters are an indication... think there’s reason to be optimistic now.”

[13 articles] - ABC News - Warsh said, “I guess they'd be disappointed. We're going to deliver price stability,” regarding inflation expectations.

[13 articles] - ABC News - Warsh underscored the Fed's independence from day-to-day politics, stating, “We’ve been an independent central bank for a very long time. We’re going to be an independent central bank at this moment and you’re going to see no changes to that.”

[13 articles] - ABC News - Warsh declined to signal what steps the Fed would take to achieve inflation reduction, stating, “I'm not going to make a judgment now. The tactics, the strategy, and the rest, that's still to come.”

[13 articles] - ABC News - Warsh indicated that inflation risks have declined but that the central bank still had more work to do to rein in prices.

[13 articles] - Bloomberg Markets - Warsh announced five task forces to review factors affecting the Fed’s monetary policymaking, including productivity.

[13 articles] - Bloomberg Markets - Warsh has tapped former Bank of England Governor Mervyn King to co-chair the US central bank’s new task force on communications.

[13 articles] - NBC News - Warsh stated that inflation risks have declined but emphasized that the central bank still has more work to do to rein in prices.

[13 articles] - NBC News - Warsh said, “I believe in the rule of law” regarding the Supreme Court ruling that keeps Fed Governor Lisa Cook in her role.

[12 articles] - CNN - Warsh stated, “There is a willingness by my colleagues in the central banking community around the world to go back to first principles. We all want to make the best decisions we can.”

[12 articles] - ABC News - Warsh said, “I guess they'd be disappointed. We're going to deliver price stability,” regarding inflation expectations.

[12 articles] - Bloomberg Markets - Warsh emphasized the importance of getting inflation back down to the Fed’s 2% target during his first news conference after last month’s policy meeting.

[12 articles] - Bloomberg Markets - Warsh noted productivity’s upswing over the past year and hinted that it may remain on that trend: “Nothing is in the bank at this time of consequence, but if the last four quarters are an indication... think there’s reason to be optimistic now.”

[12 articles] - NBC News - Warsh said that inflation risks have declined but that the central bank still had more work to do to rein in prices.

[12 articles] - Bloomberg Markets - The US dollar strengthens as traders await Fed Chair Warsh's comments in his first public appearance alongside other central bank leaders in Sintra, Portugal.

[12 articles] - Bloomberg Markets - The US lifted its foreign access restrictions on Anthropic’s Fable 5 AI model.

CNN - Warsh stated, “We have found common cause,” in response to ECB President Christine Lagarde's regret about feeling bound by forward guidance.

ABC News - Warsh indicated that the Fed's focus on inflation likely forecloses the rate cuts President Trump has sought.

Bloomberg Markets - Warsh announced five task forces to review factors affecting the Fed’s monetary policymaking, including productivity.

NBC News - Warsh said, “I believe in the rule of law” regarding the Supreme Court ruling that keeps Fed Governor Lisa Cook in her role.

ABC News - Warsh stated, “If businesses or households thought the Fed would accept inflation above 2%, I guess they'd be disappointed. We're going to deliver price stability.”

Bloomberg Markets - Nearly all Fed officials projected either a rate hike this year or holding borrowing costs steady, with only one official projecting a rate cut.

Bloomberg Markets - Wall Street investors expect the Fed could hike its key interest rate from its current level of about 3.6% to roughly 3.9% as soon as in September.

NBC News - Warsh emphasized that there is still more work to do to rein in prices despite the decline in inflation risks.

NBC News - Warsh stated that inflation risks have declined but emphasized that the central bank still has more work to do to rein in prices.

Bloomberg Markets - Warsh has tapped former Bank of England Governor Mervyn King to co-chair the US central bank’s new task force on communications.

Bloomberg Markets - The US dollar has strengthened as traders await Fed Chair Warsh's comments in his first public appearance alongside other central bank leaders in Sintra, Portugal.

Bloomberg Markets - The US has lifted its foreign access restrictions on Anthropic’s Fable 5 AI model.

CNN - Warsh emphasized that central banks should stop trying to predict the economy.

CNN - Warsh stated, “We’re going to deliver price stability in the US.”

ABC News - Warsh indicated that the Fed would remain independent and focus on reducing inflation.

ABC News - Inflation in the US reached a three-year high of 4.2% in May.

ABC News - Nearly half of the 19 Fed policymakers signaled support for higher rates this year.

WHERE:

CNN - The panel discussion took place in Sintra, Portugal.

ABC News - The remarks were made at a central bank conference in Sintra, Portugal.

WHEN:

[16 articles] - ABC News - Investors expect the Fed could hike its key interest rate as soon as in September, from its current level of about 3.6% to roughly 3.9%.

[15 articles] - ABC News - Investors expect the Fed could hike its key interest rate as soon as in September, from its current level of about 3.6% to roughly 3.9%.

[13 articles] - ABC News - Investors expect the Fed could hike its key interest rate as soon as in September, from its current level of about 3.6% to roughly 3.9%.

ABC News - Warsh became chair of the Federal Reserve on May 22.

ABC News - The Fed last met on June 16-17.

ABC News - Investors expect the Fed could hike its key interest rate as soon as in September.

WHY:

[16 articles] - ABC News - The rise in inflation is attributed to the impact of the Iran war on gas prices.

[15 articles] - CNN - Warsh and other central bankers question the usefulness of forward guidance during times of high uncertainty.

[15 articles] - ABC News - The rise in inflation is attributed to the impact of the Iran war on gas prices.

CNN - Warsh and other central bankers question the usefulness of forward guidance during times of high uncertainty.

ABC News - The rise in inflation is attributed to the impact of the Iran war on gas prices.

HOW:

[16 articles] - Bloomberg Markets - Warsh emphasized the importance of getting inflation back down to the Fed’s 2% target during his first news conference after last month’s policy meeting.

Bloomberg Markets - Warsh emphasized the importance of getting inflation back down to the Fed’s 2% target during his first news conference after last month’s policy meeting.

ABC News - Warsh declined to signal what steps the Fed would take to achieve inflation reduction, stating, “I'm not going to make a judgment now. The tactics, the strategy, and the rest, that's still to come.”

CNN - Warsh stated, “No forward guidance, no forward guidance,” resisting attempts to provide economic outlooks.

ABC News - The Fed typically combats inflation by raising borrowing costs.

(UPDATED July 2, 2026 15:41 UTC)

Fed Chair Warsh emphasized the importance of getting inflation back down to the central bank’s 2% target, stating that while inflation risks have declined, there is still more work to do to rein in prices. He also announced five task forces to review factors affecting the Fed's monetary policymaking, including productivity, and noted that hiring has picked up, with a solid jobs report expected to show the unemployment rate remains low at 4.3%. As traders await his comments during his first public appearance alongside other central bank leaders in Sintra, Portugal, Wall Street investors anticipate a potential hike in the Fed's key interest rate from about 3.6% to roughly 3.9% as soon as September.

(UPDATED July 2, 2026 13:34 UTC)

In a recent statement, Warsh emphasized the need for central banks to abandon forward guidance, declaring, “No forward guidance, no forward guidance,” while also noting that inflation risks have decreased but more work is needed to control prices. He indicated that nearly all Federal Reserve officials anticipate either a rate hike or maintaining current borrowing costs, with Wall Street investors predicting an increase in the key interest rate to about 3.9% as soon as September. Additionally, Warsh expressed confidence in the economy's resilience, highlighting recent hiring trends and the expectation of a solid jobs report that may show the unemployment rate holding steady at a low 4.3%.

(UPDATED July 2, 2026 08:01 UTC)

Fed Chair Warsh has expressed a strong commitment to reducing inflation back to the central bank's target of 2%, highlighting that while inflation risks have declined, there is still significant work ahead. In his first public appearance alongside other central bank leaders in Sintra, Portugal, he noted the willingness among global central bankers to return to fundamental principles in decision-making. Meanwhile, investors are anticipating a potential interest rate hike in September, with expectations that it could rise from about 3.6% to roughly 3.9%.

(UPDATED July 2, 2026 06:16 UTC)

In a significant development, Fed Chair Warsh emphasized the need for central banks to abandon forward guidance, stating, “No forward guidance, no forward guidance,” while acknowledging that inflation risks have declined but more work remains to rein in prices. He also announced five task forces to review factors affecting the Fed’s monetary policymaking, including productivity, as traders await his comments during his first public appearance alongside other central bank leaders in Sintra, Portugal. Meanwhile, investors are anticipating a potential hike in the Fed's key interest rate as soon as September, moving from its current level of about 3.6% to roughly 3.9%.

(UPDATED July 2, 2026 04:19 UTC)

In a recent statement, Warsh expressed optimism about productivity trends and emphasized the need for central banks to abandon forward guidance, declaring, “No forward guidance, no forward guidance.” He also announced the formation of five task forces to review factors impacting the Fed’s monetary policy, including productivity, and appointed former Bank of England Governor Mervyn King to co-chair the new task force on communications. Investors are anticipating a potential hike in the Fed's key interest rate as soon as September, with expectations for it to rise from approximately 3.6% to around 3.9%.

(UPDATED July 1, 2026 23:21 UTC)

In a recent news conference, Fed Chair Warsh expressed a commitment to returning to fundamental principles in central banking, stating that everyone involved aims to make the best decisions possible. He acknowledged the disappointment some may feel regarding inflation expectations, but reassured that the goal remains delivering price stability and getting inflation back down to the Fed's 2% target. Additionally, Warsh highlighted a positive trend in productivity over the past year, suggesting that while inflation risks have declined, there is still work ahead to manage prices effectively.

(UPDATED July 1, 2026 21:22 UTC)

In a recent news conference, Warsh emphasized the importance of reducing inflation to the Fed's 2% target and announced the formation of five task forces to examine factors influencing monetary policymaking, including productivity. He also responded to ECB President Christine Lagarde's comments by stating, “We have found common cause,” while indicating that the Fed's focus on inflation may hinder the rate cuts sought by Trump. Additionally, Warsh affirmed his belief in the rule of law regarding the Supreme Court's decision to keep Fed Governor Lisa Cook in her position.

(UPDATED July 1, 2026 19:33 UTC)

In a recent statement, Warsh emphasized that the Federal Reserve is committed to delivering price stability and that businesses and households may be disappointed if they expected the Fed to accept inflation above 2%. Nearly all Fed officials are projecting either a rate hike or holding borrowing costs steady, with Wall Street investors anticipating an increase in the key interest rate from about 3.6% to roughly 3.9% as soon as September. Warsh also noted that while inflation risks have declined, there is still more work to do to rein in prices, but he declined to specify the steps the Fed would take to achieve this goal.

(UPDATED July 1, 2026 17:36 UTC)

Inflation risks have decreased, but President Trump’s economic advisor, Warsh, noted that the central bank still has more work ahead to control prices. In a significant move, Warsh has appointed former Bank of England Governor Mervyn King to co-chair a new task force focused on communications for the US central bank. Meanwhile, the US dollar has gained strength as traders eagerly anticipate Warsh's comments during his first public appearance with other central bank leaders in Sintra, Portugal.

(UPDATED July 1, 2026 15:56 UTC)

Kevin Warsh, the Federal Reserve Chairman, emphasized the need for central banks to stop trying to predict the economy during a panel discussion in Sintra, Portugal, where he also stated, “We’re going to deliver price stability in the US.” With inflation in the US reaching a three-year high of 4.2% in May, nearly half of the 19 Fed policymakers have signaled support for higher rates this year, and investors expect a potential rate hike as soon as September. Warsh indicated that the Fed would remain independent and focus on reducing inflation, resisting attempts to provide economic outlooks by declaring, “No forward guidance, no forward guidance.”