First Powell, Now Lagarde: Central Banks Say Goodbye to Superwonks

By Hannah Wise – November 08, 2019

Christine Lagarde’s first task as the new European Central Bank president may be to prove she has the know-how for the job despite lacking an education in monetary policy. “She may not be a technical economist, but what’s even more important in a central bank decision-maker is judgment,” says Adam Tooze, professor of history at Columbia University and director of the European Institute. “She has shown that she has that judgement.” Whether Europe’s central banks will get in line behind her is the question, he says.

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