ECB's Lagarde warns prolonged energy shock would fuel second-round effects, hit food prices

Headline: Trim to 'ECB's Lagarde warns prolonged energy shock would fuel second-round effects, hit food prices' (remove 'says' – it's implied). Brief: 'ECB President Lagarde warned that a longer-than-expected energy shock would generate second-round effects and push up food prices. She spoke at a press conference.' – Remove 'she then concluded' as it's filler. The press conference is the setting; concluding it is not market-moving.