Fed Chairman Kevin Warsh declines to hint at July rate decision

• ECB President Lagarde outlines a shift from 'forward guidance' to 'framework guidance' for monetary policy decisions.
• Lagarde emphasizes a data-dependent approach, considering inflation outlook, core inflation, underlying inflation, risks, and policy transmission.
• Federal Reserve Chairman Warsh supports this shift, indicating the Fed will also 'chart a new course' and engage in robust debate, declining to give specific forward guidance on interest rates.

ECB President Christine Lagarde and former Federal Reserve Chairman Kevin Warsh discussed central bank monetary policy at the ECB Forum. Lagarde detailed the ECB's shift from explicit 'forward guidance' to 'framework guidance,' emphasizing a data-driven approach. Warsh echoed this sentiment, stating the Fed is also charting a new course for better decisions and declining to provide forward guidance on upcoming rate decisions.