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Who is Christine Lagarde? The woman who rolled her eyes at Ivanka Trump is now set to take Europe’s most important monetary position
She will have big shoes to fill, as Mario Draghi's "whatever it takes" policy remains a watershed for central banking and eurozone policy.
Christine Lagarde, managing director of the IMF, was just nominated for the top job at the European Central Bank
"I am honored to have been nominated for the Presidency of the European Central Bank," Lagarde said in a statement.
President Donald Trump suggested on Wednesday that he would prefer the ECB president to lead the Federal Reserve rather than Chairman Jerome Powell.
Trump just attacked Mario Draghi — accusing the European Central Bank chief of manipulating the euro
Draghi pledged stimulus if conditions don't improve. The lower euro is "making it unfairly easier for them to compete against the USA," Trump tweeted.
The cheaper you make mortgages — via negative interest rates — the more house prices go up as the supply of buyers enjoying easy cash increases.
Asian and European stocks and US futures fell on Thursday after central banks stoked growth fears and Theresa May agreed a six-month delay to Brexit.
US futures and European stocks rose ahead of the Brexit summit, ECB meeting and release of Fed minutes and inflation data.
European stocks and US futures dipped after Trump threatened to impose tariffs on $11 billion in EU imports including helicopters and ski-suits.
"We are now seeing a more persistent deterioration of external demand," European Central Bank President Mario Draghi said on Wednesday.
"I do not particularly like the idea of national champions, of European champions," the eurozone's top financial supervisor told the Financial Times.