Warsh's initial market stance this week

The article focused on the first appearance of the US Federal Reserve Chairman, Jerome Powell, outside the United States during the European Central Bank's annual forum in Portugal. It discussed expectations regarding US monetary policy directions, especially after the Fed's June decision to keep interest rates within the 3.50% to 3.75% range and its reaffirmed commitment to bringing inflation back to 2%. The article also highlighted market anticipation for his statements on financial stability and the interest rate outlook, amid concerns over potential risks to global financial markets.

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