In recent remarks, ECB President Christine Lagarde highlighted that the global economy has not yet fully felt the impact of tariffs, particularly those imposed during the Trump administration. Lagarde emphasized the European economy is generally in a good position and well-prepared for potential future shocks. She noted that while price risks have narrowed, uncertainties remain. Lagarde reaffirmed the importance of central bank independence amid ongoing challenges and indicated that monetary policy would continue to be guided by data. Furthermore, she discussed the evolving dynamic of the US dollar and its influence on inflation in Europe.