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Job targeting, the Fed’s single mandate
It's been some time since Donald Trump had a go at the Federal reserve, but yesterday's 6-7% fall in the stock market indices definitely warranted a vengeful tweet. According to the US president, the Fed's forecasts are too pessimistic (implied: if they come true, the economic situation will be anything but dynamic in November at election time). In the same vein, Larry Kudlow, the White House economic adviser, finds Jerome Powell a tad too austere. A wee smile, from time to time,...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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