European Central Bank’s Steady Rate Reflects Fragile Growth Amid Global Pressures

As the European Central Bank (ECB) opts to hold interest rates at 2%, signaling cautious optimism for the eurozone economy, American policymakers must take note: foreign economic resilience often masks underlying fragility that can ripple back to U.S. shores.ECB President Christine Lagarde’s remarks highlight an economy buoyed by low unemployment and targeted government spending on defense and infrastructure — pillars of sovereign strength that align well with America First values. Yet, lurking behind this veneer of stability lies persistent headwinds. The ECB acknowledges a “challenging global environment” marked by higher tariffs and a stronger euro, both consequences of international trade...