Central Bank watchers everywhere have a new pastime: comparing the behavior of America's Federal Reserve (Fed) with that of the European Central Bank (ECB). Although the approach to interest rate management by the two central banks has claimed the most attention, the different styles of each in their interventions in global currency markets bears watching because of their impact on growth.
Central Bank watchers everywhere have a new pastime: comparing the behavior of America's Federal Reserve (Fed) with that of the European Central Bank (ECB). Although the approach to interest rate management by the two central banks has claimed the most attention, the different styles of each in their interventions in global currency markets bears watching because of their impact on growth.