Latest Christine Lagarde News

Europe's inflation likely hasn't peaked, ECB's Lagarde says

Nov. 28, 2022 13:07 PM EST

BRUSSELS (AP) — The head of the European Central Bank said Monday she does not believe inflation has peaked after reaching the highest levels on record. ECB President Christine Lagarde also told European lawmakers that the bank isn't through raising interest rates to combat those...

Lagarde warns ECB may do more to rates than remove stimulus

Nov. 18, 2022 07:41 AM EST

FRANKFURT, Germany (AP) — European Central Bank President Christine Lagarde warned Friday that the bank may have to raise interest rates beyond merely withdrawing stimulus and into territory that could restrain growth as the bank fights to control record inflation in the 19 countries that use the...

European Central Bank leader doubles down on rate increases

Nov. 04, 2022 08:35 AM EDT

FRANKFURT, Germany (AP) — The head of the European Central Bank underlined the bank's determination to fight rampant inflation with more interest rate increases on top of record hikes, saying Friday that “our job is far from being completed” and that even a mild recession would not be enough...

US economy returned to growth last quarter, expanding 2.6%

Oct. 27, 2022 15:11 PM EDT

WASHINGTON (AP) — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy's health has emerged as a paramount issue. ...

Europe sees fastest pace of rate hikes since euro launched

Oct. 27, 2022 12:13 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates at the fastest pace in the euro currency’s history and underscoring the bank's determination to control prices despite the threat of...

Fed's Powell urges broader regulation for stablecoins

Sep. 27, 2022 10:01 AM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that stablecoins will need greater regulation as they become more widely used by consumers. Powell also said, in virtual remarks to a conference on digital finance in Paris, that the Fed hasn't yet decided on...

Europe's outlook 'darkening,' ECB head hedges on recession

Sep. 26, 2022 11:52 AM EDT

FRANKFURT, Germany (AP) — The head of the European Central Bank said Monday that the economic outlook “is darkening” and she expects business activity to “slow substantially” in the coming months as high energy and food prices pushed up by the war in Ukraine sap consumer spending power. ...

European Central Bank makes largest-ever interest rate hike

Sep. 08, 2022 11:21 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank made its largest-ever interest rate increase Thursday, following the U.S. Federal Reserve and other central banks in a global stampede of rapid rate hikes meant to snuff out the inflation that is squeezing consumers and pushing Europe toward...