Monetary policy for the Eurozone is the main event for Thursday, starting with the European Central Bank’s policy announcement and followed by the central bank’s press conference. Later, two weekly numbers will bring new perspective on the state of macro in the US: initial jobless claims and Bloomberg’s Consumer Comfort Index.

Larry Summers writes an eloquent FT column "A world stumped by stubbornly low inflation" Market measures of inflation expectations have been collapsing and on the Fed’s preferred inflation measure are now in the range of 1-1.25 per cent over the next decade.

In this business we spend a lot of time thinking about problems. What if we could wave a magic wand and make them all go away? Maybe we can.

Hoover Institution fellow Kevin Warsh gave a presentation on March 8, 2016, at the 32nd Annual Economic Policy Conference titled "Challenging the Groupthink of the Guild."