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ECB Bankers Toil Over Bond-Buying Plan
When the world’s central bankers make their annual trip to Jackson Hole it often makes news. But seldom has a central banker’s non-attendance at the Federal Reserve Bank of Kansas City’s symposium grabbed so many headlines as ECB president Mario Draghi’s decision this week to pull out. Other members of the ECB’s executive board, made up of the central bank’s top six officials, have also cancelled their plans to travel to Wyoming. The board’s decision to remain in Frankfurt indicates much remains to be done before next Thursday’s meeting of the governing council, immediately after which the bank is ... (full story)
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