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.

Trump Versus the Fed: President Will Get His Way

Trump Raises the Ante on Tariffs as Treasury and Fed Start New Relationship Under Secretary Bessent

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>The search for candidates to replace Chairman Powell is rumoured to be underway, while political attacks have become broader, including large financial losses being incurred by the Fed.</li>
<li>US equities are playing a game of chicken with President Trump, believing that threatened tariff increases will not be implemented. Total consumer spending impacted by higher tariffs is relatively small.</li>
<li>Hitherto, in contrast to predictions, there is scant evidence of tariffs significantly impacting import prices or consumer prices to the potential detriment of Chairman Powell’s credibility.</li>
</ul>


The search for candidates to replace Chairman Powell is rumoured to be underway, while political attacks have become broader, including large financial losses being incurred by the Fed.
US equities are playing a game of chicken with President Trump, believing that threatened tariff increases will not be implemented. Total consumer spending impacted by higher tariffs is relatively small.
Hitherto, in contrast to predictions, there is scant evidence of tariffs significantly impacting import prices or consumer prices to the potential detriment of Chairman Powell’s credibility.


Political Pressure Steadily Mounting on the Fed as New Game of Chicken Emerges