The central bank digital currency (CBDC), or digital dollar, would not be anonymous, according to Federal Reserve Chairman Jerome Powell, thereby eliminating one of the main advantages of using cryptocurrencies. If the Fed were to pursue such an option, said Powell, there would be four minimum CBDC characteristics. The first would be intermediaries—it wouldn’t be…
The Digital Dollar Will Not Be ‘Anonymous,’ Says Fed Chair Powell
September 28, 2022
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Eurpoean Central Bank Chief Blames Climate Change for Red-Hot Inflation
The Chief of the European Central Bank (ECB) has said that climate change is behind soaring inflation, stating that droughts and famines are driving up prices. ECB Chief Christine Lagarde made the comments in an interview with the French outlet Madame Figaro, on July 13. An English translation of the interview was published on Aug. 25….
European Central Bank Chief Blames Climate Change for Red-Hot Inflation
The Chief of the European Central Bank (ECB) has said that climate change is behind soaring inflation, stating that droughts and famines are driving up prices. ECB Chief Christine Lagarde made the comments in an interview with the French outlet Madame Figaro, on July 13. An English translation of the interview was published on Aug. 25….
Lagarde Calls for Crypto Crackdown, Says They’re ‘Based on Nothing’
May 21, 2022
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European Central Bank President Christine Lagarde has taken aim at cryptocurrencies, arguing in an interview on Dutch television that they’re essentially “worth nothing” as they lack underlying assets “as an anchor to safety” while calling for them to be regulated. Lagarde made the remarks in an interview on the Dutch television program “College Tour,” due…
European Central Bank Pledges to End Bond Buying Soon
April 14, 2022
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The European Central Bank (ECB) has pledged to end its bond-buying activities in a few months as the region battles high inflation rates. After looking at data since its previous meeting, the Governing Council, the main decision-making body of the ECB, judged in an April 14 meeting that net asset purchases under its asset purchase…
ECB’s Lagarde: Inflation Drivers Will Ease Gradually in 2022
January 20, 2022
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PARIS—Inflation in the eurozone will decrease gradually over the year as its main drivers, such as surging energy prices and supply bottlenecks, are expected to ease, European Central Bank (ECB) head Christine Lagarde told France Inter radio. “This will stabilise and ease gradually in the course of 2022,” she said. Asked on her policy to…
ECB Likely to Avoid a Long-Term Commitment in December: Lagarde
December 3, 2021
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FRANKFURT—The European Central Bank may set policy for a relatively short period at this month’s meeting given heightened uncertainty but should not delay a decision as markets need direction, ECB President Christine Lagarde told Reuters on Friday. Conservative policymakers have called on the ECB to avoid long-term commitments at the Dec. 16 gathering given recent…
ECB Should Not React to Current Inflation Spike: Lagarde
November 19, 2021
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FRANKFURT—European Central Bank President Christine Lagarde said on Friday that inflation in the euro zone will fade so the ECB should not tighten policy as it could choke off the recovery, and hinted at continued bond purchases next year. Inflation in the euro zone hit 4.1 percent in October, pushed up by higher energy costs,…
ECB’s Lagarde Keeps Pushing Back on Rate Hike Bets and Hopes
November 15, 2021
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FRANKFURT—Tightening monetary policy now to rein in inflation could choke off the euro zone’s recovery, European Central Bank President Christine Lagarde said on Monday, pushing back on calls and market bets for tighter policy. With inflation already twice its 2 percent target and likely rising further later this year, the ECB is coming under increased…
ECB ‘Very Unlikely’ to Raise Rates in 2022, Lagarde Says
FRANKFURT—The European Central Bank is very unlikely to raise interest rates next year as inflation remains too low, European Central Bank President Christine Lagarde said on Wednesday, pushing back on market bets for a move as soon as next October. With inflation running at a 13-year-high, markets are increasingly betting that the ECB will retreat…
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