Blogs

ECB Lagarde undeterred by German court ruling

Forex

<p>ECB President Christine Lagarde said at a Bloomberg webinar that the central bank is “undeterred” by the German court ruling regarding the asset purchase program. She emphasized, “we are an independent institution, accountable to the European Parliament, driven by mandate.” “We’ll continue to do whatever

Fed Kashkari: Recovery looks like it’s going to be slow

Forex

<p>Minneapolis Fed President Neel Kashkari told NBC today that tomorrow’s NFP report might show unemployment rate surging to 17%. But the actual rate might be even higher at 23%. Also, “that bad report tomorrow is actually going to understate how bad the damage has been.” He emphasized that “the Federal Reserve is acti

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