Christine Lagarde, new chief of the European Central Bank, has taken her most rivalrous underlings on a retreat to iron out their differences before she begins putting her agenda to work. Via Reuters
FILE PHOTO - European Central Bank's President Christine Lagarde answers journalists questions as she arrives at the ECBs headquarter in Frankfurt, Germany, November 4, 2019. REUTERS/Ralph Orlowski
Lagarde, who took the reins at the ECB just two weeks ago, has inherited a divided Governing Council, plagued by leaks and public opposition from some policymakers to a lavish stimulus scheme championed by former ECB boss Mario Draghi. This will likely tie Lagarde’s hands for much of next year. Hoping to heal this rift, Lagarde invited the 19 euro zone central bank governors and the board for a private meeting outside the ECB building, offering an opportunity for candid, off-the-record discussions without staff or aides, two sources familiar with the matter said.
The move is seen as an attempt to contain debates within the confines of the central bank and to prevent leaks that could damage the ECB’s credibility and effectiveness.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Once Unthinkable Warning From New ECB President Puts Onus On Politicians'No central banker will easily acknowledge that he or she has run out of policy options, but in September 2019, Christine Lagarde ... seemed to admit as much.'
Read more »
T-Mobile CEO John Legere isn't taking the WeWork CEO job, sources sayT-Mobile CEO John Legere isn't considering taking the job at WeWork or leaving the carrier to join any other company.
Read more »
Rihanna Brings Vintage Glamour to the Premiere of Queen & SlimA piece from an iconic runway collection provided the perfect look for the star’s latest outing.
Read more »
Trump aims to make tight Louisiana governor race a referendum on his economyBoth President Trump and Louisiana Gov. John Bel Edwards are taking credit for Louisiana's economy during a key governor's race.
Read more »
White House hopefuls are missing Senate votes — and nobody caresSenate Democrats are in the minority and most of the votes these days are on judicial nominees that the 2020 candidates almost universally oppose and can’t defeat anyway
Read more »
U.S. and China have significant differences ahead of trade talks Friday nightTop U.S. and Chinese negotiators are seeking to narrow differences on an initial...
Read more »