Federal Reserve Watching ECB-Labor Talks As Closely As Possible

The Federal Reserve will be closely watching a meeting between the European Central Bank and its members to see if it can act to boost the U.S. economy. ECB President Mario Draghi calmed volatile markets by vowing to resolve the euro zone debt crisis. Now, he needs to lay out a strategy to alleviate pressure on euro zone member states. While the White House will not be meddling in the labor talks, it is keeping an eye on them.