ECB’s Lagerde:

• Had perfect monetary policy Outlook to raise rates
• if I have one regret is is that I was bound by for guidance in the past.
• Looked at inflation outlook with risks.

Fed Warsh

• We are going to chart a new course so we can make better decisions
• There is a lot of data. I want to have a good family fight at the next meeting. Not going to give forward guidance.
• It is up to the central bank to decide if AI’s inflationary
• AI below it showing itself first and very prominently in the US
• Exciting, consequential time to be a central banker

BOE Gov Bailey:

• We’ve got a softening economy, labor market
• Decision not to raise rates was based on softening economy.
• Cutting rates is off the table at the moment
• We will return to enjoy
• Energy prices have come down.
• We have a delayed reaction mechanism to energy prices

BOC Macklem

• We left policy rate unchanged, so yes we are comfortable where we are
• In economy, the economy is soft, but inflation is clearly above target.
• When we looked at the policy decision we think we are about at the right level to keep inflation contained.
• We have got to be humble amid uncertainty.
• If the situation changes we are prepared to take action.

This article was written by Greg Michalowski at investinglive.com.



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