IMF names new chief

The International Monetary Fund (IMF) today named Christine Lagarde as its new chief.  Boston University School of Law Professor Cornelius Hurley, director of the BU Center for Finance, Law & Policy and former counsel to the Fed Board of Governors, offers the following comment:

“With Lagarde taking over the helm of the IMF, the global financial system finally has a spokesperson with the intelligence and the communications skills to articulate the grave threats facing us. It could not have taken place at a more opportune time.

“To date, ideologues in the U.S. and Europe have waged their sophomoric battles — witness the Greek and U.S. debt crises — without adult supervision. I believe Ms. Lagarde is up to the task.”

Contact Hurley at or 617-353-5427.