Christine Lagarde is nothing if not a skilled political operator, and she's proving it once again:
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She urged fiscal authorities—that is, politicians—to do their part by spending money when needed to bolster growth. Many economists chide Germany in particular, the euro zone's largest economy, for focusing excessively on exports at the expense of consumption by not investing enough domestically. "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," wrote economist Jean Pisani-Ferri, a visiting fellow at the Peterson Institute for International Economics,
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