The ECB Should Take a Page From the Fed’s Playbook

Nonetheless, with German headline inflation anticipated to rise to round 5% by November, there are clearly going to be some anxious voices on the subsequent governing council. The loudest will maybe come from Bundesbank President Jens Weidmann, who has asserted that the pandemic program, often called PEPP, should finish when the Covid disaster is over. In early August he stipulated, “The primary P stands for pandemic and never for everlasting. It’s a query of credibility,”