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Philippe Waechter

Chief economist

Fed and ECB: monetary strategy convergence is not imminent

13.04.2017 - Philippe Waechter

The current dynamics of monetary policies is fascinating.
The US central bank, the Federal Reserve or Fed, has just announced implementation at the end of the year of a policy that breaks markedly with its strategy since December 2008. The Fed finally seems to be coming out of the financial crisis that kicked off in 2007/2008. Meanwhile, the European Central Bank (ECB) is sticking to its very accommodative policy on a long-term basis. The Eurozone is unable to let go of the monetary crutches it adopted after the 2008 and 2012 crises.

Philippe Waechter is Head of the economic research department of Ostrum Asset Management.

Philippe joined Bred Banque Populaire in April 1988 as an economist. In 1994 he became Director of the economic research department. When Banque Populaire Asset Management was created in June 1998 (which then became Natexis Asset Management in May 2003) Philippe held the same position.

Philippe is graduated from the University of Paris I and worked as a Professor at the University of Evry from 2002 to 2003. He regularly works for the print and audiovisual media.

On Twitter

Philippe Waechter . 2h ago

RT @MonEpargneEtMoi: A l'approche des #midterms, la Maison blanche appuie au maximum sur l’accélérateur budgétaire. Le #déficit mensuel amé…

Philippe Waechter . 1d ago

Disaggregating growth via @equitablegrowth

Philippe Waechter . 1d ago

RT @adam_tooze: Cannot repeat this point too often: Italy’s fiscal stance since the start of the euro has been consistently tougher than th…

On 3 April 2018, Natixis Asset Management became Ostrum Asset Management.