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Draghi’s $1.4 Trillion Question Lingers as ECB Mulls QE

When Mario Draghi flies to the U.S. this week, he’ll leave a 1 trillion-euro ($1.4 trillion) question mark hanging over Europe.

While the European Central Bank president and other ECB policy makers can use the International Monetary Fund meetings in Washington to reiterate their willingness to use quantitative easing, they may be unable to say much on its design. That suspense risks setting investors up for disappointment, according to economists at UniCredit SpA and Deutsche Bank AG.