Pascal BLANQUE, Vincent MORTIER, Philippe ITHURBIDE, Monica DEFEND
the articles & research center news
Today, the Fed faces an impossible situation. On the one hand, the US economic recovery is still fragile, in a context of global growth weakened by the end of the commodities super-cycle. On the other, the virtual decade of ultra-accommodating monetary policy has caused collateral damage that can no longer be ignored.
CFA, Credit Strategy