ECB’s Mario Draghi says European economy may need more stimulus. Trump hits back on Twitter – CNN

London (CNN Business)Europe signaled Tuesday that it could return to printing money to boost its flagging economy, a potential reversal of policy that drew an immediate rebuke from President Donald Trump.

European Central Bank President Mario Draghi said in a speech that he was open to boosting monetary stimulus if economic conditions in Europe don’t improve.
He said that the ECB stands ready to use all tools at its disposal, which could include interest rate cuts and the revival of quantitative easing, which involves creating new money to buy assets such as government bonds.
“In the absence of improvement, such that the sustained return of inflation to our aim is threatened, additional stimulus will be required,” he said in Sintra, Portugal.

Source: ECB’s Mario Draghi says European economy may need more stimulus. Trump hits back on Twitter – CNN

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