More rate increases were coming, she said.
LAST MILEThe Fed's pause was partly out of respect for the time lag between rate increases and their impact on the economy.
The ECB needs to see the effects of policy go "all the way down to inflation," Lagarde said.
"I still think, and my colleagues agree, that the risks to inflation are to the upside," Powell said.
"What we'd like to see is credible evidence that inflation is topping out and then beginning to come down."
Persons:
Dado Ruvic, Christine Lagarde, Lagarde, Jerome Powell, Powell, Howard Schneider, Dan Burns, Paul Simao
Organizations:
REUTERS, WASHINGTON, European Central Bank, ECB, U.S . Federal Reserve, The Bank of England, Reserve Bank of Australia, Bank of Canada, Bank of Japan, Reuters, Fed, Reuters Graphics, Thomson
Locations:
FRANKFURT, New U.S, U.S, Europe