By David Barwick – FRANKFURT (Econostream) – We argued on March 27 that European Central Bank Executive Board member Isabel Schnabel had given the Governing Council “room to wait.” On April 1 we said April 30 still looked live, but that it sounded “less and less like the ECB is trying to lead markets there,” a point we sharpened further on April 7 and April 8. President Christine Lagarde’s Bloomberg TV interview on Tuesday strongly reinforces that line.