Lagarde, Christine
Euro Hits Parity With U.S. Dollar for First Time in 20 Years
Take a look: €1 = $1. With a war on the eurozone’s border, an uncertain energy supply from Russia and a growing risk of recession, the pressures bearing down on the euro finally grew so strong that on Wednesday it briefly dipped below parity with the U.S. dollar — a one-to-one exchange rate. It was […]
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Omicron Is an Economic Threat, but Inflation Is Worse, Central Bankers Say
There is still a lot scientists do not know about Omicron. There is cautious optimism — but no certainty — about the effectiveness of vaccines against this fast-spreading variant of the coronavirus, and experts do not fully understand what it means for public health or the economy. But central banks have concluded they don’t have […]
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