Lagarde and Powell defuse the inflation alarm – Last Hour


(ANSA) – ROME, SEPTEMBER 28 – From the two major world central banks come ‘dove’ tones on the inflationary blaze underway.

The euro area economy “has moved away from the abyss, but it is not yet out of danger,” said ECB President Christine Lagarde, explaining that “once the pandemic-induced effects have passed, we expect inflation come down “. Fed chairman Jay Powell also said he was “confident” that inflation will decline over time.

Meanwhile, US Treasury Secretary Janet Yellen raises the alarm: “Not raising the debt ceiling would be catastrophic”. The Biden administration exponent warns Congress that unless the federal budget impasse is unblocked, unemployment will rise and financial markets will suffer. The US debt will touch the limit currently set on 18 October. (HANDLE).