ECB Said to Prep Broad Based Quantitative Easing

The transcript discusses the European Central Bank's (ECB) potential implementation of quantitative easing (QE) and its implications for markets and the economy. Bloomberg economist David Powell provides insights into the ECB's strategy, market reactions, and the challenges of building consensus among the Governing Council. The discussion also compares economic conditions between the US and the Eurozone, highlighting differences in unemployment rates and economic growth.

What is the ECB's approach to implementing QE as discussed by David Powell?

• Implementation based on public opinion

• Implementation only after unanimous decision

• Gradual implementation after extensive discussion

• Immediate implementation without prior discussion

What is the main reason for the delay in implementing QE according to David Powell?

• Technical difficulties in execution

• Opposition from a group of ECB members

• Public protests against QE

• Lack of financial resources

What is Draghi's strategy to overcome opposition within the ECB?

• Seeking external advice from other central banks

• Building consensus among more members

• Conducting public surveys to gain support

• Ignoring the opposition and proceeding with QE

How does the ECB's inflation forecast relate to their QE decision?

• It is used to justify delaying QE

• It is a key factor in deciding whether to implement QE

• It has no impact on the decision

• It is irrelevant to the QE discussion

What comparison is made between the US and Eurozone economies?

• The Eurozone has a stronger currency than the US

• Both economies are at the same stage of recovery

• The US economy is more advanced in recovery than the Eurozone

• The Eurozone has lower unemployment than the US