The President of the European Central Bank (ECB), Christine LagardeFederal Open Market Committee (FOMC) Chairman Jerome Powell and Bank of England (BOE) Governor Andrew Bailey discuss the outlook for monetary policy at the annual ECB Forum on Central Banking.
Featured Statements
Lagarde: “It is unlikely that we will return to a low inflation environment.”
Lagarde: “The inflation expectations are much higher than before“.
Powell: “Our job is to find price stability even during the new forces of inflation.”
Powell: “Globalization reversal could mean slower growth in some places.”
Powell: “The US economy is in good shape.”
Market reaction
EUR/USD is losing ground and trades at time of writing above 1.0491, down 0.26% daily.
Source: Fx Street
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