Papadia: U.S. Protectionism Is a Major Worry

The transcript discusses the economic challenges faced by central bankers, focusing on the risks of protectionism from the Trump administration and the timing of fiscal policy in the US. It highlights the differences between the US and European economies, with the US experiencing low unemployment and inflation nearing the Fed's target, while Europe lags in recovery. Mario Draghi's calls for growth-friendly fiscal policy in Europe are also mentioned.

What is the biggest worry for central bankers according to the text?

How does the speaker view the timing of fiscal policy in the US?

What is the situation in Europe compared to the United States regarding economic recovery?

What does the speaker imply about the current unemployment rate in Europe?

What specific request did Mario Draghi make regarding fiscal policy?