Ex-ECB's Trichet Sees No Inflation Danger in Europe

The transcript discusses the economic outlook and projections by the ECB, highlighting the importance of growth and inflation forecasts. It contrasts the economic situations in Europe and the US, noting the potential for overheating in the US economy due to high public finance deficits. The role of the Federal Reserve in managing inflation expectations and ensuring economic stability is emphasized, with confidence expressed in their ability to act appropriately.

What potential risks does the speaker identify regarding the US economy?

What measures does the speaker believe the Federal Reserve will take to prevent inflation?