Yellen Pause Ups Pressure on Draghi as Global Pessimism Mounts
- Draghi and colleagues may hint at further stimulus this week
- Goldman Sachs sees QE extension prompting decline in euro
Top Strategist: Fed Mistake to Delay Rate Hike
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The global economy caused Janet Yellen to pause for thought. It could spur Mario Draghi to act.
After the Federal Reserve chair held off from a U.S. interest-rate increase amid concerns that world growth will weaken, her counterpart at the European Central Bank may give clues on the need for further stimulus for the euro area. Draghi and other Governing Council members will make public appearances this week, while data releases will show whether the currency bloc is succumbing to, or shaking off, the gloom.