Ostrum
  • News & Chronicles
  • France
  • Euro Area
  • United States
  • International
  • Politics & Society
  • Monetary Policy
  • Media
  • Decoding
  • About Philippe Waechter
Philippe Waechter's blog
  • Insights
  • About us
  • Expertise
  • Our people
  • Media

Philippe Waechter's blog
My french blog
  • News & Chronicles
  • France
  • Euro Area
  • United States
  • International
  • Politics & Society
  • Monetary Policy
  • Media
  • Decoding
  • About Philippe Waechter
  • News & Chronicles
  • France
  • Euro Area
  • United States
  • International
  • Politics & Society
  • Monetary Policy
  • Media
  • Decoding
Philippe Waechter's blog
Prévôté
Previous Next
  • 4 min

The Fed muddies the waters

  • 18 February 2019
  • Philippe Waechter
  • Federal Reserve
  • US Economic Policy
Total
0
Shares
0
0
0

The latest FOMC meeting on January 29 and 30 saw confirmation of the halt to monetary normalization, with the end to the Fed funds hike cycle and an easing in the Fed’s balance sheet management (reduction) policy, although the exact terms of this remain to be seen. 
The most surprising part about this decision is that it was dictated by the threat of shocks from external factors (Brexit, China, etc.) rather than the desire to tackle any domestic problem, marking the first time that the Fed has taken this kind of decision to normalize monetary policy without making a direct reference to its domestic economic situation. 
Yet the shift in monetary policy direction could have been based on purely internal considerations rather than referring to potential external shocks, so this move raises a number of questions.

1 2Next page
Related Topics
  • Federal Reserve
  • US Economic Policy
On the same topic
  • 1 min

The Fed lowers its benchmark rate but stop there

  • 30 October 2019
  • Monetary Policy

Philippe Waechter

The Fed lowers its benchmark rate to 1.5-1.75%. It says it wants to take a break. It downplayed expectations of another cut this year. The three drops this year are…
  • Federal Reserve
  • Interest Rates
  • Monetary Policy
READ
  • 4 min

Some thoughts on US monetary policy*

  • 20 September 2019
  • Monetary Policy

Philippe Waechter

The US central bank – the Federal Reserve – has trimmed its key interest rate again, marking a further step forward down a new track. Its monetary policy is now…
  • Business Cycle
  • Federal Reserve
  • Monetary Policy
READ
  • 2 min

The Federal Reserve reduces its rate as expected

  • 18 September 2019
  • Monetary Policy

Philippe Waechter

The Federal Reserve reduced its interest rate by 25 basis points. It is now moving in the 1.75 – 2.00% corridor. The median rate for 2019 remains at the current…
  • Business Cycle
  • Federal Reserve
  • Monetary Policy
READ
Subscribe to the newsletter

All the news from Philippe Waechter’s blog in your mailbox

Loading
ABOUT PHILIPPE WAECHTER

Ostrum's expert magazine

ABOUT OSTRUM AM
  • About us
  • Media room
  • Our publications
FOLLOW ME ON
EXTERNAL LINKS
  • Economists
  • Think tank
  • Central banks
  • Blog roll
©Ostrum AM 2019
An affiliate of : Plan de travail 2

Input your search keywords and press Enter.