A world of power relations
A major event since Donald Trump came to the White House is the withdrawal of the American central bank from the network of central banks for the climate.The aim of…
Philippe Waechter's blog
The Fed is signaling a more accommodating monetary policyfrom September.
Jay Powell announced at the central bankers’ meeting in Jackson Hole that the US central bank would begin its interest rate reduction cycle.JThe Fed boss was clear and unambiguous.
Keys of the week – 30 January 2023
Understand the macroeconomic events of the past week.The revival of the European cycle in spite of German fragility. The robustness of the French economy but a concern about real estate.…
Should the ECB become aggressive?
The ECB, after Christine Lagarde’s remarks at the February 3 press conference, is following in the footsteps of the Fed. Like the US central bank, the ECB has changed its…
The Federal Reserve takes over
At its January 25-26 meeting, the US central bank confirmed that it would raise interest rates as of its mid-March meeting. Above all, it indicated that very soon after it…
Central banks that adapt but do not create movement
At the central bank meetings this week, the change in tone and the measures announced have essentially reflected the end of macroeconomic catching-up. GDP has converged to a level equivalent…
Will the Fed ever be restrictive?
The options taken by the Fed at its meeting on December 15 validate investors’ expectations Anticipations that the Fed itself had forged with these same investors in recent weeks. We…
Inflation – Have central banks lost control?
Central bankers are meeting this week. The Fed will give its verdict on Wednesday while the ECB and Bank of England speak on Thursday.This series of meetings comes as inflation…