Economics
Goodhart Slams ECB’s Ultra-Loose Policy, Warns of ‘Very Difficult’ Task for Officials
- Virtually all central banks are behind curve, economist says
- He sees ECB’s situation as harder than that of the Fed
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The European Central Bank’s “massively expansionary” monetary policy was fiercely criticized by the veteran British economist Charles Goodhart, who warned that its officials now face a “very difficult” task ahead.