ECB's Schnabel: No significant divergence in Fed, ECB policies

European Central Bank Executive Board member Isabel Schnabel warns against significant divergence in monetary policies between the Federal Reserve and the European Central Bank over the long term. She highlights the uncertainty of the impact of the trade war on inflation and notes that market pricing reflects this understanding, indicating a sustained decoupling of policies is unlikely. Despite differences in policy actions, both central banks are aligned in their long-term goals and recognize the importance of coordinated action.