Delivering Global Macro Investment Insights

DeSaque Macro Research

DeSaque Macro Research Limited was formed by Said DeSaque in April 2012 with the view to delivering global macro investment insights aimed at providing new ideas to clients.

Said DeSaque has over 26 years of experience working as a professional economist in financial services. Prior to establishing DeSaque Macro Research, Said held positions as Senior Economist at Robert W Baird and William Blair. He began his career as a graduate at PaineWebber in 1986, where he eventually became Head of the London Economics Department.

Said takes a very keen interest in international relations, along with their implications for economic development. His research interests include the economic transformation of China and its implications for global capital markets, particularly in the United States. He is a member of Chatham House in London.

The US economy and capital markets have historically been Said’s main focus of attention. He frequently presents his views to institutional investors in diverse geographic locations. In recent years, Said has also been carefully monitoring economic developments in Asia, particularly China and Japan.

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Despite concerns about loss of independence during a second Trump administration, the Fed will always be answerable to Congress in terms of the policy conduct towards achieving its dual mandate.</li>
<li>The Fed has enjoyed independence from the Treasury since 1951, but it has achieved better inflation outcomes since being required to pursue a politically imposed dual mandate.</li>
<li>Both the Bank of England and the Bank of Japan have been bestowed with greater independence, but both have struggled to achieve their respective inflation targets since the COVID-19 pandemic.</li>
</ul>


Despite concerns about loss of independence during a second Trump administration, the Fed will always be answerable to Congress in terms of the policy conduct towards achieving its dual mandate.
The Fed has enjoyed independence from the Treasury since 1951, but it has achieved better inflation outcomes since being required to pursue a politically imposed dual mandate.
Both the Bank of England and the Bank of Japan have been bestowed with greater independence, but both have struggled to achieve their respective inflation targets since the COVID-19 pandemic.


Central Bank Independence and Low Inflation? Not Necessarily