Mario Draghi, head of the European Central Bank (ECB), is set to speak on the state of the European and global economies on Wednesday.
If his past views are any indication of what he’ll say, it will most likely focus on the ECB taking steps towards further loosening European monetary policy by expanding ECB-style quantitative easing.
(As a note, quantitative easing involves central banks buying bonds from certain sellers in an attempt to manipulate medium-term and long-term yields, and thus, theoretically boosting economic growth.)
Mario Draghi's push for loose monetary policy
The broad move towards further quantitative easing comes interestingly at a time when the Federal Reserve is winding down QE3. Tucked beneath Mr. Draghi’s push for incredibly loose monetary policy are...
