Mario Draghi faces one of the most contentious policy meetings of his European Central Bank presidency on Thursday as he prepares to ramp up monetary stimulus again despite skepticism from the euro area’s biggest economies.
Euro Spot
Trump – Attack Via Tweets Comes Week Before Fed Meets on Policy
Gold Silver Reports (GSR) – “The Fed interest rate way too high, added to ridiculous quantitative tightening! They don’t have a clue!” Trump said on Twitter, renewing his complaints about the U.S. central bank a week before it meets in Washington to discuss monetary policy.
Draghi Introduces the GDP and Inflation Outlook for the Euro Area
Despite the slight downgrade, Draghi tried to strike an optimistic tone, saying during the question-and-answer portion of the press conference that drivers of economic growth are still in place.