ECB's Draghi Says Data Backs Monetary Policy Success

The video discusses the progress on inflation criteria, debates on forward guidance, and the success of monetary policy. It highlights economic growth, employment gains, and the broadening recovery across sectors and countries. The risks of deflation have decreased, and inflation expectations have risen, though they remain below desired levels.

What are the four criteria outlined for the system to describe the sustained adjustment path of inflation?

Can you explain the debate surrounding the forward guidance and the specific clause that is being discussed?

What evidence is provided to support the claim that monetary policy has been successful since 2015?

How has the unemployment rate changed since May 2009, and what does this indicate about the job market?

What trends have been observed regarding inflation expectations and the risks of deflation?