German ECB official pushes back against simulative monetary policy
Bundesbank President Jens Weidmann continued his campaign to curb the ECB’s ambitions.
“Instead of suggesting ever more reckless monetary policy experiments, it would make sense to pause,” he told the Funke Mediengruppe newspaper. “Monetary policy is not a panacea, doesn’t replace the necessary reforms in individual contries and won’t solve all of Europe’s growth problems.”