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Why the U.S. is still the #1 global oasis for investors

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jxfzsy/iStock via Getty Images While the U.S. press was more exercised over the words of Fed Chair Jerome Powell, perhaps the market was more shaken by the bizarre words and behavior of European Central Bank (ECB) President Christine Lagarde, who was on the same IMF panel with Powell and was a bit more colorful, since she refused to endorse a potential June interest rate hike by saying, ‘For goodness’ sake, let’s wait until we have the data and then move on to decide.’ Lagarde also said the U.S. labor market is much stronger than Europe’s, and implied that the Fed could move more aggressively to fight inflation than the EU could.

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