Impact lower policy rates
It took a while, but last week, the Federal Reserve cut interest rates for the first time since 2020. The policy rate immediately went down by half a per cent. According to Powell, to emphasise [...]
Draghi tries again to save the euro.
In 2012, Draghi compared the euro to a bumblebee. Aerodynamically, a bumblebee should not be able to fly, but it succeeds by some mystery in nature. This speech contained two sentences that [...]