Archive for June 18th, 2019

Notes From Underground: Draghi and Trump Are Putting Powell In a Difficult Position

June 18, 2019

On Tuesday asset classes around the world got a sharp boost when ECB President Draghi delivered the ultimate dovish speech from the annual conclave in Sintra, Portugal. The ECB has set up this annual meeting in an effort to mirror the Kansas City Fed gathering in Jackson Hole, Wyoming. What did Draghi discuss? The failure of Euorpean inflation to reach the self-imposed target of 2% set by the central bank.

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