Jose Ramon Iturriaga: Lagarde
Jose Ramon IturriagaCONTINUE
Updated: 05/30/2022 01:49h
The president of the European Central Bank last week broke one of those unwritten rules of central bankers by jumping into the pool and anticipating what they are going to do in the next meetings. Greenspan's famous response a few years ago at one of those press conferences after Federal Reserve meetings is perhaps the best example of the cat-and-mouse game of monetary policy communication: "If you think I has understood is that I have not explained myself very well». One of the most powerful tools of central banks has always been not anticipating where they were going to go. Until now. The message of the French has not been a mistake.
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