Lagarde discusses her decision to walk out of the Lutnick remarks at Davos … “just too much and just unnecessarily offensive. And the fact that the dinner was due to finish with his comments, I don’t think it was either polite nor appropriate. Full stop.” … and reflects on the tenure of Jay Powell … “Jay has this sort of inner strength and principled view of what his duty is … And that’s deeply inside himself.” … and whether the Fed can retain its independence: “The future will tell.”(Nick Timiraos)