Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
British Pound Continues to Struggle to Get off the Floor
2020-09-11 • Updated
Midday Market View
European Central Bank policymakers warned on Friday against complacency over low inflation and highlighted risks from a strong euro, nuancing the bank's benign message from a day earlier, which some argued denied difficult realities. Inflation remains far below the aim and there has been only partial progress in combating the negative impact of the pandemic on projected inflation dynamics.
Midday Key Point
- Austria announces mask requirements again as virus situation 'is getting serious'
- ECB's Vasiliauskas supports that recent euro gains are not historically exceptional
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