Pimco's Mike Amey Says Italian Election Risk Has Gone Down

The video discusses the differing responsibilities of Chairman Powell of the Fed and Mr. Draghi of the ECB, highlighting their distinct economic strategies. The US is nearing full economic capacity, while Europe is still engaged in bond buying. The Italian elections are a significant event, but reforms have reduced the risk of a destabilizing populist government. Overall, Europe is expected to experience good growth, though inflation remains a concern.

What is the outlook for the Italian election risk and its impact on the European economy?

What fundamental problem does Europe still face despite relatively good growth?