Lagarde intends to finish term at European Central Bank
Speaking to the Wall Street Journal amid reports of her early resignation, Christine Lagarde said she expects to complete her term as president of the European Central Bank by the end of her term.
“Looking back over all these years, I think we’ve accomplished a lot, I think I’ve accomplished a lot,” he said in an interview, adding, “We need to consolidate and make sure that it’s really solid and reliable. So my baseline is that it will last until the end of my term.”
Lagarde’s comments followed a Financial Times report on Wednesday that the ECB chief was planning to leave his post early ahead of next year’s French presidential election to give outgoing French leader Emmanuel Macron a say in choosing his successor.
Lagarde sent a private message to policymakers later on Wednesday, assuring them that she was still focused on her role leading Europe’s most important financial institution and that if she wanted to resign, they would hear from her rather than the media, sources told Reuters.
Lagarde told the Journal that she sees her mission as maintaining price and financial stability, as well as “protecting the euro, ensuring that it is solid and strong and fit for the future of Europe.”
He also said it was “one of many options” the World Economic Forum was considering after leaving the central bank.
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