Author: Jeff Black
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Draghi defends Europe against Trump on currency wars, bank rules
Mario Draghi took the Trump administration to task Monday, rebutting recent assertions that Germany is a currency manipulator and warning against the rollback of post-crisis financial regulation. Speaking at a hearing of European lawmakers in Brussels, the European Central Bank president responded to the charge by U.S. National Trade Council Director Peter Navarro and others…
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Inflation is back, but so are its risks
From goods leaving the factory floor in China’s industrial towns to gasoline at the pump in Europe and America, prices that stayed low for years are going up. So that’s a good sign, right? After a period of central bankers fretting about deflation and resorting to unconventional techniques, the easy answer is “yes.” But whether…