ECB Laying the Groundwork US Fed Ignoring the Elephant in the Room BOJ Mounting Evidence ECB Laying the Groundwork Central bankers in the Euro-zone have left little question that a December hike to 3.50% is in the cards: Jean-Claude Trichet, European Central Bank President In fact, at that time the signals coming from the economic analysis were not yet so strong. But the continued expansion of money and credit through ...