I can't say I've ever heard a central banker speak quite like this.
From foreXlive, January 19:
Lagarde warns ECB doubters to "revise their positions"
- She is reaffirming the central bank's resolve to keep tightening policy further
When asked on why the ECB is failing to convinced the market about its resolve to raise rates at a quicker pace, Lagarde said that "I would advise market participants to revise their positions". (h/t @ LiveSquawk)....
A very different approach versus Alan Greenspan's "purposeful obfuscation"
