FRANKFURT Since taking the helm a year ago, Christine Lagarde has turned the European Central Bank's attention to social issues like climate change and inequality, broadening its horizons but also opening it to attacks that could test its independence.
FRANKFURT The European Central Bank should follow the U.S. Federal Reserve in putting more emphasis on welfare when it's setting policy, even if that would mean inflation exceeded its target temporarily, ECB Governing Council member Olli Rehn said.
FRANKFURT There is reluctance among European Central Bank policymakers to follow the U.S. Federal Reserve's move to target an average inflation rate, fearing this could tie their hands, sources involved in a revamp of ECB policy told Reuters.
Top U.S. and European central bankers on Tuesday called for renewed government spending to support families and businesses as the battle against the coronavirus-triggered recession enters a newly critical phase.
FRANKFURT European Central Bank President Christine Lagarde set the scene on Wednesday for a change of strategy that could align the ECB with the U.S. Federal Reserve, possibly including a commitment to let inflation overshoot after it has been low for too long.
FRANKFURT European Central Bank policymakers are increasingly divided over how to steer the economy through a second wave of COVID-19, threatening President Christine Lagarde's hard-won peace, conversations with eight ECB insiders show.
Turkey's leader said on Wednesday that Western countries mocking Islam wanted to "relaunch the Crusades", heightening a confrontation with France over cartoons of the Prophet Mohammad that have stirred anger in Muslim-majority countries.