Surveillance: ECB, Fed Raise Rates
Bloomberg Surveillance
00:00
The Hard Decision for the European Central Bank
The Fed has the luxury of saying growth is good. Right now, I'm not sure President Lagarde can come into that news conference a little bit later. The transmission for monetary policy to influence inflation is largely via demand. If anything, the ECB is facing a slightly easier task because they can see that demand and forward demand through things like the bank lending survey are already softening.
Transcript
Play full episode
