WTH is "too permanent"?

  • We have to be convinced that inflation is sustainable

  • ECB is very very serious about forward guidance

  • The balance of risks is balanced, by and large
  • It's important to note that the ECB monitors the Fed experience closely
  • There's not much discussion today about adding to the ECB balance sheet

He sounds like he's trying not to tip himself into hawkish tones. "Too permanent"?? Something is either permanent or its not :-D