Economics
Mario Draghi Is About to Become the World's Market Risk Manager
- ECB seen adding stimulus Thursday as inflation stuck near zero
- Fed counterpart Yellen could raise U.S. rates two weeks later
Draghi to Deliver More Stimulus? What to Expect From ECB
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Mario Draghi is set to become the new first line of defense for the world economy, whether he likes it or not.
Federal Reserve Chair Janet Yellen’s preparations to raise U.S. interest rates this month put the European Central Bank president in the vanguard of the global charge against feeble inflation. The fresh wave of monetary stimulus that he’s predicted to unleash on Thursday may become the best chance for a much-needed impetus to consumer prices.