Seven years of almost zero-interest rates in the US, and has accomplished what? Almost every economics professor who appears on the Business Channel and gets dragged into this topic....basically mutters that it’s a grand experiment that has never been done before and they have no idea where this leads? And this is US nationalist policy?
I’m not buying into the ECB, but all things considered...the US Fed and Treasury department strategy is the one that I’d question to a great extent.
Take note that while the Fed slashed interest rates, the ECB raised theirs, thus pulling the rug out from under its rival. Collateral damage be damned, of course; it’s all about power.