The FED did not finish the job
On Wednesday, Governor Powell and his colleagues raised the Fed’s target for its benchmark rate by a quarter of a percentage point to a range...
Category: Monetary policy
FED will continue raising interest rates
The minutes of the last FOMC meeting published this week did not bring any hope to the investors. Fed officials have indicated that interest rates...
A hawkish and arrogant ECB is frightening the European economy
Every increase in borrowing costs, including Thursday’s half-point move, advances Frankfurt officials’ fight against runaway inflation but also risks having a heavier economic impact. The...
Jérôme Powell est-il l’homme de la situation ?
Jérôme Powell a probablement plus de points communs avec Arthur Burns que celui qui le remplaça, Paul Volcker. Cette connotation, si elle devait se révéler...