ECB's Lagarde: Inflation to Remain Undesirably High for Some Time

European Central Bank President Christine Lagarde says inflation is expected to remain "undesirably high" as price pressures spread across more sectors. She speaks at a news conference following the ECB's latest monetary policy decision.

[yongweilim]

worst central banker ever. Poor forward guidance

[elrevesyelderecho]

After printing money for a decade, are you expecting a different outcome?

[wolfheadedconjuror]

Isn't it your job to deal with inflation? She should be fired...

[orcaloca]

They put Lagarde, a criminal ex-finance minister, at the head of the ECB because they needed somebody who has no clue on how to do this job and how to run this entity. A big turmoil is coming and the Euro will fall sharply. The problem is that last time it falled it was at higher levels, today it's at around parity with USD and CHF, which means that we will probably see it at around 0, 70 cents with USD and CHF. At the end let's have a thought: when European Countries had their own currencies, there was no currency that was at higher level of the CHF: Deutsche Mark was the higher with his 0, 80 CHF/DM. France was 0, 25 against Chf, Belgium was 0, 04, Italy was thousands .... for one Chf, etc. The only stronger was GBP but they did the Brexit (thank God). So the real value of the Euro against CHF should really be between 0, 50 and 0, 70. Furthermore, talking about energy crisis, USA is indipendent with gas and oil (well they could be indipendent, they only have to change administration at the White House). Europe instead is not energy indipendent and the stupid policies of the socialists of the past years have brought Europe into this crisis.

[nelsonbran]

This dude has no idea what comes next, beyond their intentionally planned further turmoil…

[scuffmacgillicutty]

You used the word transitory when you and we knew TOXIC was the correct word Christine.

[deusdat]

This inflation was programmed in 2020.

[st_eunice]

“It is difficult to get a man to understand something, when his salary depends on his not understanding it.”

[clarkson]

pockets and they’re paying higher prices.” That is incorrect and a fallacy. The average American who is working and already struggling with increased energy (car fuel and natural gas prices), increased grocery food costs, and increased costs on everything else doesn’t have the extra money to spend to pay a higher price and is getting crushed.

[Aiworld]

It’s almost August…(and she mentions)“May 2022 - labor market unemployment was low”…💀

[kensington]

Does she write her on script? Or is she just an actress?

[thorsrensen]

I hope it will soon be back to normal, where food and energy prices have fallen back as well as I hope, it will be possible to go to summer vacation, travel and relax again after the covid lockdown. I am so depressed about the current situation where all I talk to complain and their wifes are in bad temper due to restaurant visits have declined. No one want to live boring like that anymore

[herrwahnsinn]

At least the key culprits for this inflationary policy are shown like 🤡 here 👏

[txn]

If she is responsible for price stability and inflation is caused by her policies, why doesn't she resign right after saying this? This woman is a disgrace and is causing so much pain. She should be in jail.

[peteinthepocket]

Wow she really sounds like an expert 🤔

[MW-ttfy]

that was expected and therefore nobody is interested anymore

[phil.s]

The policy of huge expansion in money supply and restrictions on industries capacity to supply goods and services have virtually guaranteed inflation. The comments all have a similar view which indicates they are probably more capable and informed than this leader.

[benvandam]

Lock this criminal up already Ff's 🤮🤮🤮🤮🤮🤮

[michaelyao]

QE infinity give us a good lesson. cash is rubbish.

[vincentwaterson]

So working in this economy, while inflation increases. So people are working hard again, for around the same margin. Lagarde is a lawyer, through and through. I have no idea where the arrogance is coming from… wait. She may make some decisions, but she is just a spokesperson in a much larger deal