Central Banks
Powell and Lagarde Count Cost of Trump’s Turbulence
European Central Bank President Christine Lagarde, right, and Federal Reserve chief Jerome Powell during the G7 Finance Ministers and Central Bank Governors' Meeting in Banff, Alberta, Canada in May.
Photographer: Cole Burston/AFP/Getty Images
The global economy’s concussion from five months of Donald Trump’s presidency is likely to feature when five of the world’s leading central bank chiefs discuss monetary policy in public on Tuesday.
From tariff-related trade ructions to oil-price gyrations caused by Middle East hostilities, the question of how to handle the fallout from White House decisions may loom large as Federal Reserve chief Jerome Powell speaks on a panel with peers from the euro zone, Japan, South Korea and the UK.