Big U.S. Trade Gap Expected, and European Stimulus Plan at Issue [The New York Times]
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Source: The New York Times
Photo Mario Draghi, president of the European Central Bank. Credit Daniel Roland/Agence France-Presse — Getty Images Here’s what to expect in the week ahead: ECONOMY Draghi to face questions on stimulus program. The official reason that Mario Draghi , the president of the European Central Bank, is appearing on Monday before the European Parliament is to present the bank’s annual report for 2017. But members of the European Parliament, meeting in Strasbourg, France, are certain to ask Mr. Draghi the burning question of the moment: When will the central bank end the stimulus program known as quantitative easing ? If past experience is any guide, Mr. Draghi will stick to the script he used during a news conference in January. He will emphasize that, even though the eurozone is booming, the central bank will not stop pumping money into the economy until there are more convincing signs that inflation is picking up. Jack Ewing Trad
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