The European Central Bank pushed forward Thursday with its plan to gradually phase out its monetary stimulus, saying it is confident in the region's growth. But its president, Mario Draghi, warned that the United States' trade dispute with several major powers has become a key economic concern. The ECB set out its plans to halt the stimulus in December and postpone any interest rate increase until well after that. The key threat to the global economy right now, Draghi said, is "uncertainties related to rising protectionism." Low interest rate benchmarks had the same goal.

Source: ABC News September 13, 2018 05:05 UTC