Economics
Lagarde Says Europe, U.S. Face ‘Different Beast’ With Inflation
- ECB chief said asset purchases poised to end in the summer
- U.S. inflation partly spurred by tight labor market, she says
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European Central Bank President Christine Lagarde said Sunday that while both the U.S. and Europe are struggling to contain soaring inflation, they are also “facing a different beast.”
Lagarde, appearing on CBS’s “Face the Nation,” said the ECB will use “the tools and sequence” most appropriate for taming inflation, which currently includes a wind-down of bond-buying in the third quarter and possible, gradual, interest rate increases.