US Economic Perspectives "Warsh at Sintra: 3 takeaways" Pingle

Research evidence excerpt

US Economic Perspectives "Warsh at Sintra: 3 takeaways" Pingle

Global Research

1 July 2026ab

US Economic Perspectives Economics

AmericasWarsh at Sintra: 3 takeaways

Jonathan Pingle

Economist

We see three takeaways from Chair Warsh's comments at Sintra jonathan.pingle@ubs.com

+1-212-713 2225

One, Chair Warsh said that inflation risks have receded since the June FOMC meeting.

Two, he reiterated his belief in the potentially profound effects of Artificial Intelligence Abigail Watt

Economistand that the related expanding supply side has "huge implications" for monetary policy.

abigail.watt@ubs.com

In other words, like in his June post-FOMC meeting press conference, he has not +1-212-882 6929

distanced himself from his writing and comments last year about the topics. Third, he

said names of people on the task forces could be released as early as next week (or this Alan Detmeister

week it turns out).

alan.detmeister@ubs.com

+1-212-713 1222

Chair Warsh was joined on the panel by Andrew Bailey, Governor, Bank of England,

Amanda Wilcox

Christine Lagarde, President, European Central Bank, and Tiff Macklem, Governor, Bank Economist

of Canada. The panel was moderated by CNBC Anchor, Sara Eisen. The wide ranging amanda.wilcox@ubs.com

discussion covered central banking, inflation, and central bank balance sheets. They also +1-212-713 3899

noted different starting points for their economies and some different considerations for Jalen Nichols

the policy outlook. Economist

jalen.nichols@ubs.com

The central bankers seemed to find common cause on avoiding forward guidance, +1-212-882 6905

something Chair Warsh emphasized. Though Lagarde suggested what they wanted to

provide was "framework" guidance. Bailey noted the problem of getting locked into

prior statements.