Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit

There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if the U.S. defaulted on its obligations. It now appears that Republican [...]

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ECB president reiterates calls for 'MiCA II' in response to FTX collapse

In June, Christine Lagarde said a potential MiCA II framework “should regulate the activities of crypto-asset staking and lending, which are definitely increasing.”

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Digital Euro Would Not be Used for Commercial Purposes: Christine Lagarde

Christine Lagarde, the President of the European Central Bank (ECB), has given her word that the proposed Digital Euro that it will not be used for commercial purposes. (Read More)

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A Response To Central Banks’ Press Conferences

Both Jerome Powell and Christine Legarde held recent press conferences where they place blame for inflation on factors outside their control.

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ECB head calls for separate framework to regulate crypto lending

Christine Lagarde introduced a “MiCA II” idea to cover the issues yet untouched by European regulators.

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ECB Steps Up Warnings About Crypto Risks

The European Central Bank (ECB) has accentuated its campaign on the risks of investing in cryptocurrencies and other digital assets at a time when the industry is going through its worst historical crisis.

Continue reading ECB Steps Up Warnings About Crypto Risks at DailyCoin.com.

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ECB President Christine Lagarde Says Crypto is "Worth Nothing"

Christine Lagarde, the President of the European Central Bank (ECB) has re-emphasized her dislike for the digital currency ecosystem, noting that the nascent asset class is highly speculative, risky, and worth nothing (Read More)

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Central Banks Say The Quiet Part Out Loud

Jerome Powell and Christine Lagarde don’t agree on every point during their IMF “debate.” We analyze how globalization affects Europe and the U.S. differently.

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Christine Lagarde Claims Crypto Is Being Used to Evade Russian Sanctions

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ECB president calls for crypto regulation in response to Russia potentially evading sanctions

"It’s so critically important that MiCA is pushed through as quickly as possible so we have a regulatory framework within which crypto assets can actually be caught," said Christine Lagarde.

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As European Risks Rise, Bitcoin Price Reacts Positively

Discussing the latest central bank news, emerging financial risks in Europe, Japanese inflation and more.

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Stablecoins are assets — not currencies, says ECB president

“Stablecoins are pretending to be a coin, but in fact it’s completely associated with an actual currency,” said Christine Lagarde.

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ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations

There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However, she warned that if the U.S. were to default [...]

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Eurozone Inflation to Remain Higher Than 2% Target in Next 2 Years, ECB’s Lagarde Admits

Inflation in the eurozone has started to decline but the area’s monetary authority expects it to remain above its target in the next two years. The European Central Bank has to do more to bring it down, its governor commented on the backdrop of stable consumer expectations about rising prices during the said period. Euro [...]

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Deflecting Blame — Bank of England Governor Bailey Accuses UK Retailers of Overcharging Customers

After the Covid-19 pandemic, many people believe the implementation of extensive stimulus measures and quantitative easing (QE) policies resulted in an overwhelming surge of inflation that has burdened millions across the globe. While certain individuals attribute this economic turmoil to the actions of central banks, Andrew Bailey, the governor of the Bank of England, firmly [...]

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Fake Video of ECB President Lagarde Admitting to Digital Euro Control

A fake video of ECB President Christine Lagarde admitting to the use of a digital euro for limited control of payments was shared on social media. The video was revealed to be a prank and was part of a series of similar hoaxes targeting public figures. (Read More)

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Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’

Federal Reserve Chairman Jerome Powell has warned of “highly uncertain and adverse” economic consequences if the U.S. defaults on its debt obligations. “No one should assume that the Fed can protect the economy from the potential short and long-term effects of a failure to pay our bills on time,” he further cautioned. Fed Chair Jerome [...]

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