Gallo Says Like Superheroes Facing Bigger Threat, ECB Needs New Power

The transcript discusses the potential policy mistakes of central banks, focusing on the ECB and Fed's strategic reviews. It highlights the ECB's awareness of negative rates and possible new strategies, including TLTRO and dual interest rates. Christine Lagarde's challenges in changing fiscal policy narratives in Germany are explored, along with the difficulties in the German coalition and their impact on the euro. The discussion concludes with the role of monetary policy in supporting European bonds and potential strategies for the ECB.

What are the potential new powers that central banks might seek in response to economic challenges?

How does the ECB plan to address the side effects of negative interest rates?

What role does fiscal policy play in supporting the ECB's efforts?

What challenges does the SPD face in the current coalition in Germany?

What is the current sentiment in the markets regarding fiscal stimulus in Europe?