“The strengthening of the exchange rate requires further monetary stimulus,” European Central Bank President Draghi told reporters in Washington on April 12. “That’s an important dimension for our price stability.” The warning marked the strongest stance yet taken by Draghi since he and fellow policy makers began complaining about the euro’s rise in early March. With inflation at about a quarter of the ECB’s goal, the currency’s almost 6 percent gain against the dollar in the past year is further jeopardizing price stability by cheapening imports and hurting exporters. THERE YOU GO....BE READY - PUT ON YOUR SEAT BELT!!! bit.ly/1cfoO0g Proverbs 2:10-11- For wisdom will enter your heart, and knowledge will be pleasant to your soul. Discretion will protect you, and understanding will guard you.
Posted on: Mon, 14 Apr 2014 09:04:11 +0000
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