ECB Unity on Policy Path Is Fraying as Recession Danger Mounts

Just as the Federal Reserve remains fully focused on combating untamed US inflation pressures, hawkish ECB policy makers appear similarly determined to extend the most drastic tightening in euro-zone history well into 2023, complementing interest-rate increases with a prompt start to shrinking their €8.8 trillion-euro ($8.6 trillion) balance sheet. 

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