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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 . 4h ago

This graph, which is one year old, shows the bitcoin trajectory as a bubble. In fact it was probably too optimistic… https://t.co/6DAMNou83Z

Philippe Waechter . 5h ago

@AntonioFatas This reflects a new stage of the Chinese economic development from industry led growth to services le… https://t.co/li0NxhoSWR

Philippe Waechter . 7h ago

Selon la tradition des régimes communistes, on efface les réformateurs qui font de l’ombre au détenteur du pouvoir… https://t.co/uvx0umCbXa

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