That said, Villeroy says that Trump's policies could have the potential to impact market rates though. And rightfully so, that especially if tariffs add to further economic woes for Europe. For now, policymakers continue to try and feed the narrative of a soft landing in this "recovery" phase. If this is their definition of a recovery, I'd hate to see what a recession/hard landing would look like in Europe.
ECB's Villeroy: Trump policies likely to have limited impact on European inflation
- Remarks by ECB policymaker, Francois Villeroy de Galhau
