«We paused when we saw all this on the duties and expectations of increasing inflation in conmsenarity of these. The US economy is in a solid situation and the prudent thing to do is wait and see what these measures will do. For now we wait, “he said.
Powell, Trump’s criticisms? I am concentrated on my work
“I am focused on doing my work and using the tools that have been made available to us by the Congress to achieve our price stability objective,” Powell said in response to a question about the continuous criticisms he receives by President Donald Trump for his caution in cutting interest rates. The ECB president also intervened on the issue Christine Lagarde: “I think I speak on behalf of all the central bankers and we would all do the same thing.”
“I don’t comment on Fiscal Policy but US debt is not sustainable”
“We do not comment on tax policy – said Powell – but I repeat what I said a year ago here in Sintra, that is, that our debt is not sustainable and we must face this problem sooner or later”.
Lagarde, no commitment on the future of rates
The Bce “It will continue to decide meetings after meeting, based on data, and we do not commit to any predefined path” on rates. The president said so Christine Lagarde. Lagarde did not want to comment on the force of the euro today at 1.18 dollars: “We take into account, but also reflects the strength of our economy and there is a depreciation of the dollar. We also look at the flows of the capital ».
Lagarde, worried by use Ai and by its use to distort reality
“I am worried about the role that artificial intelligence will have more and more and of the use that can be done to distort reality,” said Lagarde intervening at the round table of governors on the monetary policy at the Sintra forum. “This is an element of concern and we can all fall prey to this.”
