Politico (October 19)
European Central Bank President Christine Lagarde believes the global economy is “in transformation,” brought about especially by two factors. “One is the tariffs, which have changed the map of trade around the world and reconstituted new alliances and reformed the way in which we trade with each other…. The second major transformation is the impact of artificial intelligence on everything we do from data management to dating and everything in between.”
Tags: Alliances, Artificial intelligence, Data management, ECB, Global economy, Impact, Lagarde, Tariffs, Trade, Transformation
Financial Times (December 16)
“European bonds rallied on Friday, pushing yields to nine-month lows as investors focused on the latest signs of a slowing economy and shrugged off the European Central Bank’s insistence that it was not considering interest rate cuts.” Given the Fed’s pivot, markets appear skeptical of “ECB president Christine Lagarde’s insistence on Thursday that it was too soon to talk about the timing of rate cuts and that the bank had ‘more work to be done’ in its battle to tame inflation.”
Tags: Bonds, ECB, European, Inflation, Insistence, Interest, Investors, Lagarde, Lows, Rallied, Rate cuts, Slowing Economy, Timing, Yields
The Economist (May 26)
Christine Lagarde is talented, but she should not be chosen to head the International Monetary Fund. “The stitch-up, whereby the head of the IMF is a European and the head of the World Bank is an American, is a disgrace. International posts should be filled according to merit…. Europe’s monopoly of the IMF’s leadership has long been an anomaly. It is time that it ended.”
Tags: Europe, IMF, Lagarde, U.S., World Bank
