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Jean-Claude Trichet News

  1. Westminster Abbey and the Royal Wedding are so overhyped; the historic story of the week will take place on C Street in Washington, D.C. today. At 2:15 p.m. ET, Ben Bernanke , chairman of the Federal Reserve, will make waves in the world of economists and Wall Streeters. For the first time in the

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  1. Once again, turmoil in Europe spilled into U.S. markets Thursday. Fears that the debt crisis that started last year in Greece is spreading to much larger economies such as Spain and Italy roiled markets around the world, sending investors scurrying out of everything from gold to oil to stocks.

  2. Experts who observe the International Monetary Fund say several candidates may be considered to replace Dominique Strauss-Kahn as its managing director: Christine Lagarde, of France: Lagarde, 55, is France's finance minister. She is a noted antitrust lawyer who was the first woman to chair the

  3. After weeks of hesitation over the German response to the Greek crisis , Chancellor Angela Merkel is suddenly calling for swift action. "It is clear that the negotiations must now be accelerated," she said Wednesday at an appearance together with Dominique Strauss-Kahn, the head of the

  4. The recession in the 16 countries that use the euro eased substantially between April and June after unexpected growth in Germany and France, the currency bloc's two largest economies, official figures showed Thursday. Euro zone gross domestic product fell by only 0.1% in the second quarter from

  5. The European Central Bank cut its main interest rates and took other major steps Thursday designed to ease the availability of credit and boost the 16-nation euro zone economy. ECB said it has decided to buy covered bonds issued by companies in the euro zone, and lend banks unlimited funds for up

  6. The European Central Bank could further reduce its record-low interest rates, President Jean-Claude Trichet told reporters Thursday, after the bank cut its benchmark figure a quarter of a percentage point to 1.25%. Trichet said that the decision by the governing council to reduce the rate was made

  7. World Bank President Robert Zoellick warned on Friday that 2009 could be a "very dangerous year" and urged quick action to fix troubled economies ahead of a meeting of international finance officials expected to wrestle over whether to spend or regulate the way out of the global downturn. "The

  8. European Central Bank President Jean-Claude Trichet said Monday that global economic growth this year will be "substantially below" a forecast made only about a month ago. That forecast was for the economy in the 16 countries that use the euro currency to shrink up to 1%. In a speech in Paris,

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