The Fed’s latest Beige book survey shows the US economy expanded at a “slight or modest” pace across most regions since early April and consumers pushed back against higher prices. In an wide-ranging exclusive conversation with Bloomberg,
Societe Generale Chairman Lorenzo Bini Smaghi discusses the inflationary outlook facing central banks. He also tells Bloomberg why he thinks the European Union has fallen short on integrating the bloc’s banking system and how it faces unfair competition with the United States. He spoke exclusively to Bloomberg’s The Pulse with Francine Lacqua.

Today’s guests: Lorenzo Bini Smaghi, Societe Generale Chairman
——
“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. (Source: Bloomberg)

from Bloomberg Markets https://ift.tt/ua17tin