Christine Lagarde: “The basics have not changed. But what it takes to apply them has changed.”

My duty is to accomplish the mission, price stability, and for the moment that is what guides my action.

I think fair use would consist of an operational loan that would be using cash balances as collaterals.

I think we would (all) do exactly the same thing as our colleague, Jay Powell, does. The same thing.

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.