Says that if they have to repeat it every month, markets may infer that it’s only valid for a month.
He’s in dreamland on that one. In reality, if he doesn’t repeat forward guidance, markets will infer it’s not valid at all.
Anyway, this press conference is descending into the weeds. There has been nothing especially notable from this press conference. With broader USD strength emerging (probably on expectations of a stronger NFP), the euro is in the passenger seat now.
