Fed chair Janet Yellen has told European Central Bankers they must do whatever it takes to stop deflation taking hold across the 18 member Eurozone.

“Central banks need to be willing to employ all available tools, including unconventional policies, to bolster economic expansion and reach their inflation targets.”

The message comes at a time when European Bank officials appear divided over whether they should implement a full blown quantitative easing program. Historically when Central Bank implement quantitative easing precious metals out perform traditional assets.

Despite low growth and high unemployment in the world’s largest trade bloc Yellen’s outlook for the global economy remains positive.