Jerome Powell
The markets stare at the Fed chief.
(Photo: AP)
The US Federal Reserve (Fed) reacted to rising inflation on Wednesday. In Germany, where savers suffer from negative interest rates and consumers from rising prices, it makes sense to see this turnaround as a model for the European Central Bank (ECB). But the Fed would not be a good role model for the ECB.
There are three reasons for this, which are closely related.
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