The Fed’s new monetary policy
At Jackson Hole, Jay Powell, the Federal Reserve Bank president, spoke of the new Federal Reserve monetary policy. The Fed will target long run inflation at 2%. On the long…
Philippe Waechter's blog
The health risk reappears in the USA – A new lockdown is looming.
The acceleration in the number of Covid-19 patients in the USA is worrying. It diverges from the observation made in Europe and should cause a further upward adjustment of American…
How, for the USA, to find a balanced momentum after such a shock?
The drop in activity in the United States is out of all proportion compared to the recessions of the past. A return to normal, to the dynamics before the health…
Strongest decline in US activity since the 4th quarter 2008.
March was devastating for the US economy with a 6.7% drop in consumer spending. The measure of the decline in activity will increase in the second quarter. The breaks noted…
Covid-19 in the US
In the United States, the number of Covid-19 infected is increasing at an exponential rate. It almost doubled in 4 days, going from 65,778 on March 25 to 121,478 the…
The biggest break in the American economy?
Are the United States facing the biggest break in activity in their history?This may be the story told by the number of weekly jobless claims.It is linked to the number…
Again , the Federal Reserve slashes its interest rate
The risk associated with coronavirus has provoked the state of emergency declared by the White House, forcing the Fed to collapse its intervention rate. The fiscal policy will have to…
The Federal Reserve will continue to drop its benchmark rate
Distortions on the US yield curve will force the Fed to reduce its rate at least one more time All the US rates are down, reaching unprecedented levels. Last Tuesday,…