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Christine Lagarde to Step Down as President of European Central Bank

29 October 2026 at 10:50
Her plan to depart in February, months before the end of an eight-year term, sets in motion a selection process among European leaders for a new central bank president.

© Heiko Becker/Reuters

Christine Lagarde’s appointment as the European Central Bank’s first woman president was the latest step in a career of breaking gender barriers, while also contending with economic crises.

Fed Holds Rates Steady Despite Lack of Progress on Inflation

28 October 2026 at 21:27
Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy.

© Athit Perawongmetha/Reuters

Kevin Warsh, the Fed chairman last week said that more had to be done to tame inflation.

China Steps In to Rescue Stocks, But the Market Continues to Fall

The Communist Party uses a “national team” of state-owned investment funds to stem the market rout. But this time, investors are not sure it will work.

© Florence Lo/Reuters

President Xi Jinping of China has convened senior leaders to set the government’s agenda, but the economy is likely to take a back seat to politics.
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