Economy & Trade
Schnabel: Inflation & Employment in Supply Shocks Era
ECB Executive Board Member Isabel Schnabel discussed navigating inflation and employment in an era of supply shocks and AI. Schnabel highlighted the challenges of forecasting in a volatile global economy and the potential impact of AI on the labor market. She emphasized the importance of data-dependent monetary policy and structural reforms to mitigate the adverse effects of supply shocks and technological change. Her speech provides insight into the ECB's considerations for future monetary policy decisions.
ECB stresses data-driven approach to manage inflation, employment amid supply shocks and AI.