ECB's Draghi, Fed's Yellen Testify: What to Expect

The video discusses the current state of credit easing in Europe, highlighting the need for fiscal and structural policies to aid recovery. It covers the ECB's liquidity auction and its limited impact on solving economic issues. The strength of the euro amidst Brexit and its implications for the ECB are analyzed. The video concludes with a discussion on the US economic outlook, focusing on Janet Yellen's dovish stance and the fluctuating interest rate policies.

What does the speaker suggest is necessary for a significant improvement in economic recovery?

How has the speaker characterized the recent changes in Janet Yellen's approach to monetary policy?