Federal Reserve Chair Kevin Warsh will join the European Central Bank's (ECB) annual forum held in Sintra, Portugal, from June 29 to July 1, 2026, where Europe's feeble economic growth and the opportunities and dangers of AI top the agenda.
June 29 – July 1 · ECB Forum, Sintra
Warsh's Global Debut: Central Bankers Confront the AI Boom
New Fed Chair Kevin Warsh joins Lagarde, Bailey and Macklem in Portugal for what's been called a moment of "soul searching" — over Europe's chronic low growth and the financial-stability risks of an AI investment surge.
3 days
June 29 – July 1, the central-banking world's "Jackson Hole"
4
central bank chiefs on the July 1 Policy panel
5 yrs
running that global inflation has exceeded targets
Forum Schedule
Jun 30
AI and financial stability
Isabel Schnabel (ECB board member) and others
Jun 30
A conversation about AI
Aaron Chatterji (OpenAI Chief Economist) and others
Jul 1
Policy panel
Kevin Warsh (Fed), Christine Lagarde (ECB), Andrew Bailey (BOE), Tiff Macklem (BoC)
The Optimist Case
Warsh sees AI as a "general purpose technology" with disinflationary productivity gains — raising hopes for a repeat of the 1990s Greenspan era of high growth and low inflation.
The Cautious Case
Policymakers who lived through 2008 weigh AI asset-bubble risks. A tighter disclosure approach has muddled the rate outlook and reinforced hike expectations.
The Divide on Display
A stagnant Europe meets an AI-buoyed United States.
Chronic low growth across Europe sits against high U.S. expectations for AI-driven productivity — making Warsh's first international remarks a closely watched signal of where monetary policy and central banks' stance on AI are headed.
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