ECB in focus

Christine Lagarde new ECB president

Steen Jakobsen
Chief Investment Officer

Summary:  Saxo CIO Steen Jakobsen offers a quick update on the implications of critical developments for the ECB and the Federal Reserve over the last 24 hours. First, Christine Lagarde's appointment as next ECB President and what it means, especially for the independence of the ECB, and second US President Trump's nomination of two policy doves for the empty spots on the Fed Board of Governors.

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