Christine Lagarde
FILE - In this Feb.14, 2021 file photo the sun is about to rise behind the buildings of the banking district in Frankfurt, Germany. The European statistics agency Eurostat released monthly inflation figures Tuesday.(AP Photo/Michael Probst, file)
Europe leaves stimulus running hot ahead of recovery

By David Mchugh Jun. 10, 2021 07:54 AM EDT

FILE - In this Oct.5,2020 file photo red warning lights shine on the building of the European Central Bank in Frankfurt, Germany. The European Central Bank is expected to leave its stimulus efforts running full steam Thursday _ even as the economy in the 19 countries that use the euro currency shows more and more signs of a robust recovery as pandemic restrictions ease. (AP Photo/Michael Probst,file)
Europe's stimulus likely to keep running as economies reopen

By David Mchugh Jun. 09, 2021 06:34 AM EDT

FILE - In this Monday, FEB. 8, 2021 file photo, European Central Bank President Christine Lagarde addresses European lawmakers during a plenary session at the European Parliament in Brussels. The European Central Bank is expected to signal Thursday, April 22, 2021 that even if inflation rises later this year, it won't consider cutting back support for Europe's economy, which is lagging the U.S. and China amid a drawn-out struggle with the COVID-19 pandemic. (AP Photo/Olivier Matthys, Pool, File)
ECB head: Europe "on crutches," still needs robust stimulus

By David Mchugh Apr. 22, 2021 06:12 AM EDT

FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Fed survey released Wednesday, March 3, 2021, said that reports on consumer spending and auto sales were mixed last month, while overall manufacturing showed moderate gains despite supply-side constraints. The report, known as the beige book, is based on surveys conducted by the Fed’s 12 regional banks. (AP Photo/Susan Walsh, Pool, File)
New challenge for the Powell Fed: A strengthening economy

By Christopher Rugaber Mar. 15, 2021 10:14 AM EDT

A woman wearing a face mask waits at a tram station with an emergency phone in Frankfurt, Germany, Thursday, March 11, 2021. (AP Photo/Michael Probst)
Lagging US, Europe speeds up help for virus-hit economy

By David Mchugh Mar. 11, 2021 05:01 AM EST

Italian Premier Mario Draghi sanitizes his hands as outgoing Premier Giuseppe Conte looks at him, as he enters Palazzo Chigi Premier office in Rome, Saturday, Feb. 13, 2021. Mario Draghi, credited with largely saving the euro currency, has formally taken the helm of Italy, focused on guiding the country through the pandemic and reviving its economy. Premier Draghi and his Cabinet ministers were sworn into office Saturday at the Quirinal presidential palace in front of President Sergio Mattarella. (Ettore Ferrari/Pool via AP)
Draghi takes helm in Italy, focused on pandemic recovery aid

By Frances D'emilio Feb. 13, 2021 07:09 AM EST

Office lights of the European Central Bank in Frankfurt, Germany, Wednesday, Jan. 13, 2021. (AP Photo/Michael Probst)
ECB's Lagarde: Pandemic continues to threaten economy

By David Mchugh Feb. 08, 2021 12:22 PM EST

Long time exposure photo shows aircrafts flying over the buildings of the banking district in Frankfurt, Germany, Thursday, Jan. 21, 2021. (AP Photo/Michael Probst)
European Central Bank stimulus on track as economy struggles

By David Mchugh Jan. 21, 2021 02:00 AM EST

A worker wearing a face mask clears snow from the roof of a bar, in Pamplona, northern Spain, Saturday, Dec. 5, 2020. (AP Photo/Alvaro Barrientos)
Europe gets new blast of stimulus to counter virus surge

By David Mchugh Dec. 10, 2020 12:01 AM EST

Cranes with Christmas decoration stand next to the European Central Bank, left, in Frankfurt, Germany, Monday, Nov. 30, 2020. (AP Photo/Michael Probst)
As infections rise, European Central Bank prepares stimulus

By David Mchugh Dec. 08, 2020 07:03 AM EST

FILE - In this Thursday Sept. 24, 2020 file photo, Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, on Capitol Hill in Washington. Three of the globe's top central banks said on Thursday, Nov, 12 the world economy continues to need help despite news of progress toward a COVID-19 vaccine, with U.S. Federal Reserve Chair Jerome Powell saying that the U.S. Congress “may have to do more” to cushion the blow from the pandemic. (Drew Angerer/Pool via AP, file)
Top central bankers: Economy needs help despite vaccine news

By David Mchugh Nov. 12, 2020 01:36 PM EST

The buildings of the banking district are seen under a red sky before sunrise in Frankfurt, Germany, early Saturday, Nov. 7, 2020. (AP Photo/Michael Probst)
Lagarde: Recovery could be stop-and-go despite vaccine news

By David Mchugh Nov. 11, 2020 08:58 AM EST

People receive groceries at a food bank organized by International Pentecostal Church in Bellflower, Calif., Wednesday, Nov. 11, 2020. The church started the food bank in July for people who were affected by the pandemic. (AP Photo/Jae C. Hong)
The Latest: Cases soaring in New Delhi ahead of festival

By The Associated Press Nov. 11, 2020 05:32 AM EST

Two women wait in line at a bakery in Antwerp, Belgium, Wednesday, Nov. 4, 2020. Belgium, proportionally still the worst-hit nation in Europe when it comes to coronavirus cases, said Wednesday there increasing signs of that a turning point in the crisis was drawing close. The announcement came in the wake of increased measures over the past weeks with bar and restaurant closures capped by a partial lockdown starting last Monday, which further restricted close contacts and closing non-essential shops. (AP Photo/Virginia Mayo)
EU cuts 2021 economic outlook as virus spreads

Nov. 05, 2020 05:29 AM EST

FILE - In this file photo dated Monday, Oct. 26, 2020, a man wearing a face mask walks over a bridge with the buildings of the banking district in background in Frankfurt, Germany. New figures released Friday Oct. 30, 2020, show that the European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns. (AP Photo/Michael Probst, FILE)
Eurozone growth soars record 12.7% but fears grow for winter

By David Mchugh Oct. 30, 2020 06:04 AM EDT

FILE - In this Sept. 11, 2020 file photo, European Central Bank (ECB) President Christine Lagarde attends a news conference during the Informal Meeting of Economics and Finance Ministers in Berlin, Germany. The European Central Bank held off from strengthening its stimulus programs despite growing concern that a renewed surge in COVID-19 cases could stall the economy’s recovery from the deep downturn early this year. The bank on Thursday, Oct. 29, made no change to its 1.35 trillion ($1.58 trillion) pandemic emergency bond purchase program, which pumps newly created money into the economy to keep credit flowing to businesses and promote economic activity. Hannibal Hanschke/Pool Photo via AP, File)
European Central Bank: Just wait until December

By David Mchugh Oct. 29, 2020 08:52 AM EDT

Europe's central banker: Recovery 'risks losing momentum'

By David Mchugh Oct. 19, 2020 04:41 AM EDT
FRANKFURT, Germany (AP) — The head of the European Central Bank says the economic recovery from the coronavirus pandemic “risks losing momentum” due to a...

Cars and trucks drive on a highway before sunrise in Frankfurt, Germany, Friday, Oct. 2, 2020. (AP Photo/Michael Probst)
Inflation slump in Europe could presage more stimulus

By David Mchugh Oct. 02, 2020 05:05 AM EDT

European Central Bank (ECB) President Christine Lagarde attends a news conference during the Informal Meeting of Economics and Finance Ministers in Berlin, Germany, Friday, Sept. 11, 2020. (Hannibal Hanschke/Pool Photo via AP)
Central bank head: Europe's recovery uncertain, incomplete

Sep. 21, 2020 09:26 AM EDT

The European Central Bank is seen in Frankfurt, Germany, Thursday, Sept. 10, 2020. The governing council of the ECB will meet on Thursday. (AP Photo/Michael Probst)
European Central Bank's stimulus train to keep on rolling

By David Mchugh Sep. 10, 2020 07:53 AM EDT