Might ECB Wait Four Years to Raise Rates?

The transcript discusses the economic situation in Europe, focusing on the European Central Bank's (ECB) policies, particularly negative interest rates, and their impact on the economy. It highlights the divergence between the ECB and the Federal Reserve's approaches, emphasizing the need for structural and fiscal reforms. The discussion also touches on creative measures by central banks worldwide to stimulate economies, noting the limitations of such strategies.

What is the significance of the divergence between the Fed and the ECB's actions?

In what ways are central banks becoming more creative in their approaches to economic challenges?