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Euro tumbling on French election fears

Michel Euler/AP

The April French presidential election could be the global economy's third populist upset in less than a year.

Anti-immigrant, anti-EU candidate Marine Le Pen kicked off her campaign this weekend promising to withdraw France from the European Union, raise taxes on imports, and immediately expel illegal migrants.

Source: Money.net

Why it matters: Currency traders don't like the look of Le Pen's platform, nor do they appreciate the political free-fall of the center-right candidate, Francois Fillion, whose poll numbers have sunk amid scandal, helping put Le Pen at the top of first-round election polls.

Go deeper

Dion Rabouin, author of Markets
46 mins ago - Economy & Business

The Fed could be firing up economic stimulus in disguise

Federal Reserve governor Lael Brainard at a "Fed Listens" event. Photo: Eric Baradat / AFP via Getty Images.

Even as global growth expectations increase and governments pile on fiscal spending measures central bankers are quietly restarting recession-era bond-buying programs.

Driving the news: Comments Tuesday from Fed governor Lael Brainard suggest the Fed may be jumping onboard the global monetary policy rethink and restarting a program used following the 2008 global financial crisis.

Go deeper (2 min. read)Arrow
Jim VandeHei, Mike Allen
1 hour ago - Politics & Policy

Democrats' hypocrisy moment

Illustration: Eniola Odetunde/Axios. Photo: Ray Tamarra/Getty Images

Gov. Andrew Cuomo should be facing explicit calls to resign from President Biden on down, if you apply the standard that Democrats set for similar allegations against Republicans. And it's not a close call.

Why it matters: The #MeToo moment saw men in power run out of town for exploiting young women. Democrats led the charge. So the silence of so many of them seems more strange — and unacceptable by their own standards — by the hour.

Go deeper (1 min. read)Arrow
Russell Contreras
3 hours ago - Politics & Policy

Police officers' immunity from lawsuits is getting a fresh look

Illustration: Aïda Amer/Axios

Nearly a year after the death of George Floyd, advocates of changes in police practices are launching new moves to limit or eliminate legal liability protections for officers accused of excessive force.

Why it matters: Revising or eliminating qualified immunity — the shield police officers have now — could force officers accused of excessive force to personally face civil penalties in addition to their departments. But such a change could intensify a nationwide police officer shortage, critics say. 

Go deeper (2 min. read)Arrow