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Donald Trump has finally nominated Kevin Warsh to succeed Jerome Powell as head of the Fed next May. He must be confirmed by the Senate. Warsh has already worked at…
Philippe Waechter's blog
US industrial policy in search of efficiency
Donald Trumpβs main campaign promise is the relocation of manufacturing to the United States. During the long period of globalization, industrial jobs have shifted to Asia, and China in particular,…
The economy is also tragic, anything is possible
Everyone has been making predictions for 2026. Drawing comparisons, sketching patterns, developing logical and rational argumentsβ¦ For a long time, especially after the fall of the Berlin Wall in November…
Is the US recession already here?
The Federal Reserve is meeting today and tomorrow to decide on the direction of its monetary policy. The outlook for the US economy is ambiguous. The Atlanta Fed estimates that…
Dollar – Stability under tension, Hegemony in question
The position and role of the dollar have long been a subject of debate. After the Second World War, the Bretton Woods agreements enabled the establishment of a stable monetary…
Employment and the Supreme Court: Donald Trump reassured in his choices
An earthquake affecting American employment. The saga continues unabated. A few weeks ago, Donald Trump, upset by the weak job creation figures, fired the head of this publication. The figures…
Powell at Jackson Hole… and then what?
Tonight in Jackson Hole, Jay Powell will deliver his final speech in this central bankers’ lair. It’s often an important venue for getting messages across. Draghi, Bernanke, Yellen, and even…
The strange relationship between the United States and China.
The Middle Kingdom was the focus of Donald Trump’s attention upon his arrival at the White House, with threats of brutal sanctions. This is no longer the case. By extending…