Until the ECB became the first major central bank to try it, making interest rates negative seemed like defying economic gravity.
U.S. Federal Reserve Chair Jerome Powell said Congress “may need to do more” to cushion the blow from the pandemic.
President Christine Lagarde has said the ECB is "ready to take appropriate and targeted measures" to address the crisis.
The departing head of the European Central Bank vowed in 2012 to "do whatever it takes" to save the euro.
To begin with, the mandates for both are different.
After the European Central Bank announced a rate cut, Trump urged the Fed to do the same.
What is the bank reacting to?
The European Central Bank announced today it is doing something the Federal Reserve has been doing for several years now: It’s taking its foot off the gas pedal of the economy — in this case, the eurozone economy. Specifically, it’s ending its practice of buying up bonds. So is the eurozone back on track? Click […]
Europe's most powerful economy has done better from the euro than some in the European Union.
While Europeans ease, Americans ponder another rate hike