Wall Street Journal (January 21)
“Amid China’s economic tremors, political uncertainty in the U.S. and policy sclerosis in Europe, ECB President Mario Draghi is the only policy maker in town who seems determined to keep the party going.” While the European Central Bank (ECB) left rates and its quantitative easing program unchanged, Draghi the “lonely agent of good cheer” suggested the ECB would review its policy, possibly easing the spigot as early as March.
Institutional Investor (June 20)
The Fed and many others are underestimating “the true strength of the economy and the underlying structural evolution that is at play as a result of technological change…. As inflation firms in the months ahead, it will become abundantly clear that the Fed has had a window of opportunity to move on rates.”
Tags: Economy, Fed, Inflation, Rates, Structural evolution, Technological change
