First Jackson Hole of Warsh: debt interest, Treasury support and persistent inflation
Euronews Portugal26 August 2026 at 14:15
Kevin Warsh, president of the Federal Reserve, will deliver his first speech at the Jackson Hole meeting on Friday, in a context marked by elevated long-term interest rates, persistent inflation above target, and Treasury intervention in debt markets. The event occurs at a particularly challenging moment for U.S. monetary policy, with long-term rates at elevated levels and the need to balance inflation control with financial market stability.
Portugal is going to buy 75 armored vehicles from Spain for the marines, in an investment of 120 million euros fully funded by the European Union. The first vehicles, manufactured in Spain, should start arriving in the country next year.
A lawyer specializing in Labor Law warned that the repositioning of technicians and the consequent review of salary scales with repayment of wages is legally questionable and raises serious legal doubts. According to the specialist, jurisprudence has been favorable to workers in these matters, suggesting that employers face significant risks in case of litigation.
Fosun, a shareholder of Fidelidade and BCP, achieved a profit of approximately 217 million euros in the first half of the year, more than doubling (160.3%) the net result compared to the same period last year, totaling 1,700 million renminbi yuan.
A lawyer stated that the repositioning of higher education technicians, several years after their binding to the Ministry of Education's staff, is legally questionable, adding that previous judicial decisions have been favorable to the workers.
