Jain Says ECB Tools Risk Being Less Effective Than Fed’s

The European Central Bank’s methods to spur economic growth may not be as effective as the Federal Reserve’s due to structural differences in their respective economies, Deutsche Bank AG co-Chief Executive Officer Anshu Jain said.

“The tools that the ECB has at its disposal may not be as all-encompassing or as effective as the U.S. quantitative easing have been,” Jain said in answer to audience questions at a conference in Berlin today. “The measures of quantitative easing which worked in the U.S. may not translate for Europe.”