Draghi speech: Trump's threatened tariffs undermine general confidence
Mario Draghi, President of the ECB, is responding to questions from the press with key quotes found below.
- Clear that slide of market-based inflation expectations corresponds to deterioration of economic outlook.
- As economy slows, markets expect lesser labour market pressure but haven't seen this yet.
- There is underlying strength in the economy.
- Increase in negative risk premium might reflect market perception that we don't have instruments.
- We have plenty of instruments.
- Trump's threatened tariffs undermine general confidence.
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About Mario Draghi
The European Central Bank's president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President's comments may determine positive or negative the Euro's trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).