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Santelli Showdown: Central banks out of bullets?

European Central Bank (ECB) President Mario Draghi addresses a news conference at the ECB headquarters in Frankfurt, Germany, March 10, 2016.
Kai Pfaffenbach | Reuters
European Central Bank (ECB) President Mario Draghi addresses a news conference at the ECB headquarters in Frankfurt, Germany, March 10, 2016.

Yra Harris, head analyst at Vine Street Trading, joined CNBC's Rick Santelli for an exclusive interview to discuss whether the loose monetary policy by the European Central Bank is an act of desperation or the new measures could in fact aid the faltering economy.

On Thursday, ECB president Mario Draghi announced the expansion of the asset-purchase program to 80 billion euros a month, while reducing its main interest rate to zero in an effort to boost a stuttering economy.

As central banks around the world appear to be running out of firepower, and the potential long-term repercussions remain to be seen, this interview is a must watch for investors.

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