ECB's Draghi: US rate hike was "flawlessly executed"

FXStreet (Mumbai) - The ECB President Draghi, while speaking at Davos, complemented Fed by saying the first rate hike in a decade was “flawlessly executed”.

Key Quotes

Different monetary policy path in US and Europe reflect different state of economies and the diverging path will remain for a while

There is heightened sensitivity to risk

Recovery to continue at modest pace