Thursday, May 22, 2008

Lagarde on Trichet

Count Christine Lagarde among those who are less impressed than Jean Quatremer and Le Monde by the wisdom and genius of Jean-Claude Trichet:

While Ms. Lagarde said that the bank’s president, Jean-Claude Trichet, was right to be concerned about inflation, she said he was “overly focused” on it.

Of course Lagarde may be wrong about currency misalignment, the underlying theme of her critique of Trichet.

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