Lagarde plans on leaving ECB early to head WEF, Schwab says

Christine Lagarde, president of the ECB, may step down prematurely to lead the WEF. While Klaus Schwab confirmed ongoing discussions about this potential transition, the ECB has stated her commitment to staying in office.

Lagarde will consider the WEF role only if inflation meets the ECB’s target of 2%. The recent resignation of Schwab amid allegations further complicates her potential succession plans.