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Here Comes Mario Draghi...

Aug 22, 2014, 23:19 IST

REUTERS/Francois LenoirEuropean Central Bank (ECB) President Mario Draghi waits to deliver a speech at a conference for the 20th anniversary of the establishment of the European Monetary Institute, in Brussels February 12, 2014.

European Central Bank president Mario Draghi is set to speak at the Jackson Hole economic symposium at 2:30 pm ET.

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The symposium's topic is labor markets, and unemployment in the Eurozone is currently running significantly higher than the U.S., with June unemployment for the economic bloc coming in at 11.5% against 6.2% for the U.S. as of July.

Draghi and the ECB in recent months have signaled that they will do "whatever it takes" to restore the Eurozone, which has been mired in economic mediocrity since the financial crisis, and Draghi may speak more to the ECB's future policy course than Fed Chair Janet Yellen did in her remarks.

But even if Draghi doesn't address any future plans for the ECB to engage in Fed-style quantitative easing, the employment and broader economic situation should give him plenty to chew on.

We'll be here with live coverage when Draghi takes the mic.

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