Odd couple. Christine Lagarde and Jerome Powell are about to consciously uncouple their monetary policies. The European Central Bank president will almost certainly cut interest rates before the U.S. Federal Reserve chief. Hardliners in Frankfurt worry divergence would hit the euro and import inflation. But the differences between the two economies mean contrasting monetary policies can live happily ever after.
Breaking up is famously hard to do, unless you are Gwyneth Paltrow. The American actress’s 2014 split from her pop star husband Chris Martin popularised the concept of “conscious uncoupling” as a more amicable form of…
