Christine Lagarde in Podcasts

Well, the president of the ECB, Christine Lagarde, suggested this is a major wake-up call and Europe may start to trend away from the United States.

The heads of 10 institutions, including Christine Lagarde from the European Central Bank and Andrew Bailey from the Bank of England, said maintaining independence of central banks is critical for price, financial and economic stability and that Powell has worked with integrity and focus on his mandate at the Fed.

European Central Bank President Christine Lagarde says the labor market there has proven to be surprisingly resilient in the face of a once-in-a-generation inflation shock and aggressive interest rate hikes.