Goldman economist Jan Hatzius on Fed and ECB rates of interest and the election of Donald Trump | EUROtoday

Jan Hatzius is chief economist at Goldman Sachs. In the interview he talks about inventory market data within the financial downturn, the primary rate of interest cuts by the Fed and ECB – and the results of the election of Donald Trump on the financial system.

Mr. Hatzius, there’s a exceptional discrepancy in Germany. Many financial knowledge, each financial and structural, level to main issues. And but the German inventory index Dax is speeding from one document to the subsequent. What's occurring there?

To clarify this one should have a look at the bigger worldwide context. The German inventory market is just involved to a restricted extent with the nationwide financial system, however fairly with the worldwide financial system, particularly for giant, internationally positioned German firms. And in the event you have a look at their growth over the previous two years, the expansion has a minimum of not upset expectations. Inflation has been introduced down once more, with far much less damaging influence on labor markets than many had anticipated.