“I think he (ECP President Mario Draghi) sees it, Powell doesn’t,” said Brenner. “I think that’s going to be a real problem over the next three to six months. He (Powell) was very positive on the U.S. economy; did a great job to kind of soothe things, but I really think that the Fed is out there–they’re the only bank that’s raising rates right now. Everyone else is staying pat.”
To watch the full interview, click on the video below:
For more fixed-income ETF trends, visit the Fixed Income Channel.