Jean-Claude Trichet: Globalisation, inflation and the ECB monetary policy Lecture by Mr Jean-Claude Trichet, President of the European Central Bank, at the Barcelona Graduate School of Economics, Barcelona, 14 February 2008.
I would like to begin by complimenting the authors of this highly interesting paper for their systematic approach to thinking about a wide-ranging and difficult set of issues. After a period during which the Treasury’s debt management needs dominated Federal Reserve policies, the Fed began to regain its independence with the Treasury-Fed Accord of 1951.