Mario Draghi said the European Central Bank is ready to add more stimulus and called on governments to do more to help the euro-area economy.
“We stand ready to adjust our policy stance further,” the ECB president said today in the text of a speech at the Federal Reserve Bank of Kansas City’s economics conference in Jackson Hole, Wyoming. “It would be helpful for the overall stance of policy if fiscal policy could play a greater role alongside monetary policy, and I believe there is scope for this.”
