Lagarde Feels Pull of Fed’s Tractor Beam as ECB Plans Rate Cut
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Christine Lagarde, President of the European Central Bank (ECB), is taking a less defiant tone on the influence of US policy as the ECB plans an interest-rate cut. Lagarde refrained from speculating much beyond a prospective move in June and acknowledged the gravitational pull of events in the US. The ECB has been debating a path of future easing, and Lagarde's remarks offer more nuance than those in March. Lagarde recognizes the US as a very large market and a sizable economy.

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https://www.bloomberg.com/news/articles/2024-04-11/lagarde-feels-pull-of-fed-s-tractor-beam-as-ecb-plans-rate-cut