European Central Bank rate cut would be a mistake, economist says

The President of the European Central Bank (ECB) Christine Lagarde gestures as she addresses a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on April 11, 2024. Kirill Kudryavtsev | Afp | Getty Images The prospect of the European Central Bank diverging from the Federal … Read more

Lagarde says ECB will cut rates soon, barring any major surprises

European Central Bank President Christine Lagarde on Tuesday said the central bank remains on course to cut interest rates in the near term, subject to any major shocks. Lagarde said the ECB would monitor oil prices “very closely” amid elevated fears of a spillover conflict in the Middle East. However, since Iran’s unprecedented air attack … Read more

The Fed will cut rates before the ECB, former BoE DeAnne Julius said

The Federal Reserve Building stands in Washington. Joshua Roberts | Reuters The U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market expectations. “I suspect that the Fed will be the first to really put a cut in,” … Read more

Christine Lagarde makes a poor central banker, ECB staff say  – POLITICO

Press play to listen to this article Voiced by artificial intelligence. FRANKFURT — On the global stage, European Central Bank President Christine Lagarde still exudes the air of an international rockstar of finance, but back home her records just won’t sell.  Most participants in a trade union survey of ECB staff, seen by POLITICO, said … Read more

Who said what at the World Economic Forum (WEF)

People attend the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024.  Denis Balibouse | Reuters The potential for generative artificial intelligence, when interest rates might be cut, and the ongoing wars in Ukraine and the Gaza Strip were key topics at the World Economic Forum in Davos, Switzerland this … Read more

Davos leaders see a new normal in 2024

President of the European Central Bank (ECB) Christine Lagarde attends a session on the closing day of the World Economic Forum (WEF) annual meeting in Davos, on January 19, 2024.  Fabrice Coffrini | Afp | Getty Images European Central Bank President Christine Lagarde said she does not expect a return to economic “normality” in 2024, … Read more

Trump’s ghost stalks Davos – POLITICO

DAVOS, Switzerland — World leaders gathered together in the Swiss Alps this week are nervous that Donald Trump will be even more anti-global if he returns as United States president. And they have good reason to be wary. If polls prove correct, the front-runner for the Republican nomination is set to be crowned winner of the … Read more

Trump’s return ‘clearly a threat’ to Europe, Christine Lagarde warns – POLITICO

The potential reelection of former U.S. President Donald Trump would be a “threat” to Europe, European Central Bank President Christine Lagarde warned. “If we are to draw lessons from history, meaning the way he ran the first four years of his mandate, it’s clearly a threat,” Lagarde said Thursday during an interview with TV channel France 2. “Just look … Read more

Macron hails Jacques Delors as Europe’s tireless ‘pathfinder’ (and jazz-loving football fan) – POLITICO

PARIS — In a state ceremony held over Jacques Delors’ coffin on Friday, French President Emmanuel Macron paid tribute to “an honest European man” and touched upon more personal aspects of the EU statesman’s life, including his Christian faith and his love of football and “loud jazz.” Placing himself firmly in the mold of the … Read more