German finance minister says can’t rely on ECB to drive growth as it is fighting inflation

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German finance minister says can’t rely on ECB to drive growth as it is fighting inflation

Government will deploy fiscal policy to avoid stagflationOn the one hand, it is comforting that they will step in with fiscal policies to help the ECB

  • Government will deploy fiscal policy to avoid stagflation

On the one hand, it is comforting that they will step in with fiscal policies to help the ECB. However, it is funny that they are pushing the inflation battle to the central bank considering that monetary policy can do nothing to improve the situation. Well, everyone needs a scapegoat somehow, eh?

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