Leave it to the world’s central bankers to bring an abrupt end to the lazy days of summer. First we had the U.S. Federal Reserve’s annual Jackson Hole gathering in late August, where the rock stars of monetary policy—Fed Chair Janet Yellen and European Central Bank President Mario Draghi—hit the stage amid the twin pyrotechnics of easy money and a vision of the future where every worker has a job. Then, Dr. Draghi promptly delivered on his promise to add stimulus to the euro zone economy...
Leave it to the world’s central bankers to bring an abrupt end to the lazy days of summer. First we had the U.S. Federal Reserve’s annual Jackson Hole gathering in late August, where the rock stars of monetary policy—Fed Chair Janet Yellen and European Central Bank President Mario Draghi—hit the stage amid the twin pyrotechnics of easy money and a vision of the future where every worker has a job. Then, Dr. Draghi promptly delivered on his promise to add stimulus to the euro zone economy...
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