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Brussels, Feb. 15, 2016: Mario Draghi, president of the European Central Bank, deserves credit for stating clearly that easy money cannot work miracles (source: dpa)

Loose monetary policy could be on its way out

In March, the United States Federal Reserve kept its main interest rate on hold, while the European Central Bank cut its main interest rate to zero. The moves confirmed what investors already knew: the American and European economies still have plenty of weaknesses. But despite appearances, the Fed and the ECB are on track to end their expansionary monetary policie...

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