Here's your summary from Lagarde: ECB Needs Time to Assess Inflation Uncertainties (https://www.youtube.com/watch?v=IoLEOnZZNHk) on the Bloomberg Television channel:

**TLDR:** Lagarde states that the ECB needs time to assess inflation uncertainties due to the unique mix of shocks in the Euro area.

1. The resilience of the labor market in the Euro area is attributed to labor shortages, hoarding of labor by firms, higher profits, and lower real wages.

2. Uncertainties remain regarding future inflation, particularly in terms of the evolution of profits, wages, and productivity, as well as the possibility of new supply side shocks.

3. The strong labor market allows for time to gather data, but the growth outlook remains uncertain, leading to a data-dependent approach in making policy decisions.

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