+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Here Comes Mario Draghi...

Aug 22, 2014, 23:19 IST

REUTERS/Francois LenoirEuropean Central Bank (ECB) President Mario Draghi waits to deliver a speech at a conference for the 20th anniversary of the establishment of the European Monetary Institute, in Brussels February 12, 2014.

European Central Bank president Mario Draghi is set to speak at the Jackson Hole economic symposium at 2:30 pm ET.

Advertisement

The symposium's topic is labor markets, and unemployment in the Eurozone is currently running significantly higher than the U.S., with June unemployment for the economic bloc coming in at 11.5% against 6.2% for the U.S. as of July.

Draghi and the ECB in recent months have signaled that they will do "whatever it takes" to restore the Eurozone, which has been mired in economic mediocrity since the financial crisis, and Draghi may speak more to the ECB's future policy course than Fed Chair Janet Yellen did in her remarks.

But even if Draghi doesn't address any future plans for the ECB to engage in Fed-style quantitative easing, the employment and broader economic situation should give him plenty to chew on.

We'll be here with live coverage when Draghi takes the mic.

Advertisement

Next Article