Christine Lagarde: “I've come to understand that the revolver needs to be at the temple of the politician with a finger on the trigger…”

We can now focus on stabilising inflation with policy rates as our primary tool.

First of all, I would discount a little bit of the positioning at the moment because this is typical of negotiating tactics on both sides.

I think we would do exactly the same thing as our colleague Jay Powell does.

I have a sense of duty and I believe that when there’s a bit of a storm, the captain remains on deck. So the captain of the European Central Bank is on deck.