Christine Lagarde, former head of the International Monetary Fund, says that President Donald Trump is responsible for many of the risks facing the global economy and warns that the rise of nationalism is not the answer to economic fears.
An interview broadcast Sunday night over CBS's 60 Minutes, Lagarde – who was confirmed last week as the next president of the European Central Bank – said that Trump's unpredictability has forced investors to stop taking risks and that trade
"Market stability should not be the subject of a tweet or a tweet there. It requires attention, thinking, quiet and measured and rational decisions."
"If you shake, you know, almost a percentage point of growth, which means less investment, less jobs, more unemployment, reduced growth. So, of course, that has an impact, "John Dickerson told CBS News. Lagarde urged policymakers to "sit down like big men" and strike a deal.
Lagarde said that if Brexit finally passes, the ripple effects will affect not only the UK and the EU, but also the US because of
that same interconnectedness makes nationalism ̵
'International trade, relations, the movement of people and the movement of capital have taken hundreds of millions of poverty. Now some people in advanced economies can say, "Pooh. What interests me? "Well, of course, we take care of the person next door. And because of the interconnections, the next door is not down the aisle, the next door is all over the world. And if my neighbors on the other side are feeling desperate, starving, fighting, there will be consequences at home. "
"What can walls do about pandemics?" She asked. "What can the walls of terrorism do? What can walls do about climate change and environmental destruction? This is not the answer to global questions and interrelated questions, whether we like it or not. "
Lagarde added that for the economy to flourish, women must play a central role. According to her, women are more likely to value risk and more women should be in executive roles.
"Poverty is sexist and we need to remember that and make sure women are not forgotten," she said.