Thomas Barkin, head of the Richmond Fed:
- Labor shortage has fueled inflation. It looks like the labor supply will still remain limited;
- Fewer workers would limit U.S. economic growth;
- High savings by U.S. households are hampering the Federal Reserve's work;
- The Fed has made clear its plan to do more on inflation;
- Trying to bring demand back into balance will not be easy, especially with a surplus of household savings and fiscal stimulus.
Joachim Nagel, head of the Bundesbank:
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app- Quantitative tightening (QT) should take place from the first quarter of 2023;
- The ECB has several safeguards in place for QT. Markets are resilient enough to cope with it;
- Rolling over APP bonds is the best option for QT.
Lusi de Guindos, ECB vice president:
- We see that inflation is starting to slow down. Inflation will be softer in Q1;
- The economic slowdown will not be as deep as expected a few weeks ago;
- High probability of recession in the Eurozone;
- Inflation at current levels will continue for 3 or 4 months;
- Eurozone inflation in mid-2023 will hover around 7%.
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