Federal Reserve Chair Jerome Powell and European Central Bank President Christine Lagarde were among the speakers at the ECB Forum on Central Banking in Sintra, Portugal, on July 2, 2024. Powell indicated that the US economy is getting closer to what the Fed wants with a gradually cooling economy and labor market, progress on inflation, and stable unemployment and growth rates. He expressed confidence that disinflationary trends are resuming in the US economy. Lagarde discussed sticky services inflation in Europe that needs close monitoring to ensure appropriate interest rate adjustments. Brazil Central Bank Governor Roberto Campos Neto emphasized fiscal concerns as the main risk for economies and markets.
Powell's remarks were delivered live on various news channels, including Fox Business Channel and Fox News Channel.