The Fed at sixies and sevens
As expected, Jérôme Powell delivered the Fed’s new long-term monetary strategy to Jackson Hole. It leaves a taste of unfinished business. The Jackson Hole Symposium (this year held at a [...]
Banks, the return to grace
Banks, vectors of monetary creation, are on the front line in the COVID-19 crisis. The opportunity to settle the accounts for 2008. With rates already below zero, the European Central Bank has [...]
It’s time to look beyond Covid-19
After several weeks of confinement, the conditions and the organization of the return to normal activities remain to be specified and will not be without risk. When will I see my hairdresser [...]
Flooded with cash
Central banks have become “lenders of first resort”. Shouldn’t they return this role to traditional banks? Containment will surely have unexpected effects. It may be that the [...]
Asia, shock in return
The battle against the Covid-19 is far from won in Asia. But China is already trying to write its history. Captured by our own fight against the Covid-19, subject to the constraints of [...]
