QE: Is Draghi Getting What He Paid for?

The video discusses the European Central Bank's (ECB) efforts to boost its balance sheet to €3 trillion, aiming to spur inflation. Despite reaching this target, inflation remains low, highlighting the challenges central banks face in achieving their goals. The discussion includes a comparison with the US Federal Reserve's balance sheet and inflation trends, suggesting that Europe's economic response may lag behind the US. The video also considers counterfactuals and external global events that may have influenced these outcomes.

How does the text describe the relationship between the Fed's balance sheet and inflation?

What does the text suggest about the timing of Europe's economic recovery compared to the United States?