Christine Lagarde, President of the European Central Bank (ECB), has declared the ECB's independence from the Federal Reserve, emphasizing that the ECB is 'NOT FED DEPENDENT'. This statement has led financial markets to turn to Lagarde for clues about potential rate cuts. Despite striking a less defiant tone on the influence of Fed policy, the ECB is firming up plans to proceed with an interest rate cut, with a specific timeline suggesting a rate cut penciled in for June. These developments highlight the ECB's stance on monetary policy independence and its potential implications for global financial markets.
Christine Lagarde has declared the ECB's independence from the Fed, says @johnauthers. Pencil in a rate cut for June https://t.co/dhGmJ4Bqcd via @opinion https://t.co/nmtzLElpO5
Christine Lagarde has declared the ECB's independence from the Fed, says @johnauthers. Pencil in a rate cut for June https://t.co/L9LdATIl3K
Christine Lagarde is striking a less defiant tone on the influence of Fed policy even as the ECB firms up plans to go it alone with an interest-rate cut https://t.co/ImC3DCUTD7
Markets turn to European Central Bank’s Lagarde for rate-cut clues https://t.co/dfttxuAsx1
ECB LAGARDE: NOT FED DEPENDENT