We are meeting-by-meeting and data dependentSays she was surprised by resilience of economyEconomy is more-balanced than what it wasThere has not been tariff retaliation by EuropeWe have both upside and downside risks to inflationMy hope for US-China trade is certaintyChinese exports could be directed to Europe and that will have consequences for growthThe movement of Chinese goods to Europe has increased but not as much as fearedThe euro hasn't moved on her comments so far and remains up 7 pips on the day to 1.1575. The market only sees a small chance of a further ECB rate cut. This article was written by Adam Button at investinglive.com.