Lagarde: I have great respect for Fed Chairman Powell, and the relationship between central banks is solid

Odaily News European Central Bank President Lagarde said that she has great respect for Federal Reserve Chairman Powell, and the relationship between central banks is solid and strong. At the June meeting, it was not possible to fully clarify the situation regarding tariffs. The most obvious response from the EU is to provide zero tariffs and redirect the flow of goods, but there was no discussion of stimulus measures. It was mentioned that a 50 basis point interest rate cut may be possible, but the market generally reacted strongly to a 25 basis point interest rate cut. (Jinshi)