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If you had to choose just one investment for a big chunk of your net worth, would your choice change if it were over 5 years versus if it were over the next 20 years?

Today, our adversaries learned that an effective cyberattack should target those protecting us from cyberattacks.

Lagarde: we will do an assessment of our strategy review, not a strategy review.

A few years ago, Lagarde redefined the the ECB's strategy. "that was a massive exercise" -- they don't plan to change it again, but to have a review.

Lagarde: I'm not suggesting that we will stop in September, but it is clear that between now & then, we will receive a lot of information, there will be much more. That's what we will be looking at. I'm afraid it will be a bit of a busy summer.
Read: 80% odds of ECB September cut

JD Vance argues if Europeans believe Ukraine support is critical, it should be reflected in a dramatic increase in European defense spending.
Germany is cutting Ukraine support in half won't help.
Context: Germany banks on seized Russian assets.…

Lagarde, commenting on French politics: You swim or your sink. The difference is in the hard work you put in.

Q: did you discuss a rate cut
Lagarde: you know how these discussions go. We have a lot of debate. .... Everyone was supportive of the decision.

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