Are Central Bankers delusional?
Over the weekend, Benoît Cœuré, Member of the Executive Board of the ECB, penned a piece defending the ECB’s policies from the criticism that NIRP hurts savers.
The first paragraph reveals, quite clearly, just how lost the ECB is regarding the efficacy of its policies.
If this is the alleged mandate for the ECB, they might want to reconsider their current policies. As we noted over the weekend, four rounds of NIRP as well as over €600 billion in QE has yet to even achieve 0% inflation.
Fields, who took pictures of the bruises allegedly left by Lewandowski, and who recorded audio with Ben Terras of the incident, sought an apology from Lewandowski. In place of an apology, Trump claimed Fields made up the incident, with Lewandowski calling her “delusional.” Later, video emerged appearing to add credence to Field’s story. In the end, Fields decided to file a police report, as she watched her reputation and character be attacked by the Trump camp.
The food advocacy organization is suing the department’s Animal and Plant Health Inspection Service, or APHIS. The group claims that APHIS did not give a “timely final response” to at least 29 requests or appeals through FOIA, and that in about a third of those instances the agency did not provide any response.