ECB board member’s departure highlights deep split over stimulus

ECB board member’s departure highlights deep split over stimulus

The European Central Bank lost its third German board member to resignation over policy differences in a decade Wednesday, further drawing back the veil on controversy at the top and opening a new race for the prestigious post. Sabine Lautenschlaeger, who had also served as deputy head of the ECB’s banking supervision arm, will step […]

Lagarde urges policymakers to resolve manmade economic threats

Lagarde urges policymakers to resolve manmade economic threats

Accustomed to being the first woman in influential leadership positions and speaking frankly to men in power, Christine Lagarde says manmade threats to the global economy can be “man-fixed.” Lagarde only last week left her post as head of the International Monetary Fund after eight years, the first woman to serve in that role, and […]

Fed: Slowed Growth May Halt Any More Rate Hikes

Fed: Slowed Growth May Halt Any More Rate Hikes

Last month when the Fed adopted a new “patient” approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases were ahead. Last week disappointing US retail sales and industrial production data raised the prospect that the US economy is slowing faster than […]