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Why Draghi believes the FOMC way is the best way
Mario Draghi, the European Central Bank president, believes “less is more.” He’s a master of artfully constructive opacity, rarely saying too much when too little would suit him better. Over the 2 1/2 years since he took on the job in November 2011, Draghi has made 80 statements or speeches, according to the ECB website (not counting his monthly set-piece press conferences after governing council meetings) — against 153 in the 2 1/2 preceding years by his loquacious predecessor Jean-Claude Trichet. So it’s not surprising that Draghi has launched a move to cut down the annual number of monetary ... (full story)
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