{"id":20972,"date":"2026-06-11T10:56:17","date_gmt":"2026-06-11T10:56:17","guid":{"rendered":"https:\/\/www.agencesand.fr\/fibee\/inflation-banques-centrales-et-heritage-powell-les-lecons-dune-decennie-monetaire\/"},"modified":"2026-06-23T06:48:46","modified_gmt":"2026-06-23T06:48:46","slug":"inflation-banques-centrales-et-heritage-powell-les-lecons-dune-decennie-monetaire","status":"publish","type":"fibee","link":"https:\/\/www.agencesand.fr\/en\/fibee\/inflation-banques-centrales-et-heritage-powell-les-lecons-dune-decennie-monetaire\/","title":{"rendered":"Inflation, banques centrales et h\u00e9ritage Powell : les le\u00e7ons d\u2019une d\u00e9cennie mon\u00e9taire"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" width=\"1232\" height=\"928\" src=\"https:\/\/www.fibee.fr\/wp-content\/uploads\/Philippe-Waechter.webp\" class=\"attachment-full size-full wp-post-image\" alt=\"Philippe Waechter\" \/><\/p>\n<p>Philippe Waechter (Ostrum AM) s\u2019interroge sur la r\u00e9ponse que doivent apporter les banques centrales face au retour d\u2019une inflation sup\u00e9rieure \u00e0 3 % des deux c\u00f4t\u00e9s de l\u2019Atlantique. En s\u2019appuyant sur les travaux des \u00e9conomistes Christine et David Romer consacr\u00e9s aux ann\u00e9es Powell \u00e0 la Fed, il rappelle qu\u2019une banque centrale efficace doit agir rapidement face \u00e0 un choc inflationniste durable, m\u00eame lorsque celui-ci provient de facteurs externes comme l\u2019\u00e9nergie. L\u2019\u00e9conomiste estime que la BCE a eu raison de durcir sa politique mon\u00e9taire afin d\u2019\u00e9viter les erreurs commises lors des chocs p\u00e9troliers des ann\u00e9es 1970. Dans un monde marqu\u00e9 par la fragmentation des \u00e9changes, les tensions g\u00e9opolitiques et les contraintes \u00e9nerg\u00e9tiques, le risque inflationniste pourrait rester durablement plus \u00e9lev\u00e9 qu\u2019au cours de la d\u00e9cennie pass\u00e9e, renfor\u00e7ant le r\u00f4le central des banques centrales dans la gestion du cycle \u00e9conomique.<\/p>\n<p>Lire la suite : <a href=\"https:\/\/www.fibee.fr\/inflation-banques-centrales-et-heritage-powell-les-lecons-dune-decennie-monetaire\/\">Inflation, banques centrales et h\u00e9ritage Powell : les le\u00e7ons d\u2019une d\u00e9cennie mon\u00e9taire<\/a> sur Fibee.fr<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false},"class_list":["post-20972","fibee","type-fibee","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Inflation, banques centrales et h\u00e9ritage Powell : les le\u00e7ons d\u2019une d\u00e9cennie mon\u00e9taire &#187; Agence SAND<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fibee.fr\/inflation-banques-centrales-et-heritage-powell-les-lecons-dune-decennie-monetaire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation, banques centrales et h\u00e9ritage Powell : les le\u00e7ons d\u2019une d\u00e9cennie mon\u00e9taire &#187; Agence SAND\" \/>\n<meta property=\"og:description\" content=\"Philippe Waechter (Ostrum AM) s\u2019interroge sur la r\u00e9ponse que doivent apporter les banques centrales face au retour d\u2019une inflation sup\u00e9rieure \u00e0 3 % des deux c\u00f4t\u00e9s de l\u2019Atlantique. En s\u2019appuyant sur les travaux des \u00e9conomistes Christine et David Romer consacr\u00e9s aux ann\u00e9es Powell \u00e0 la Fed, il rappelle qu\u2019une banque centrale efficace doit agir rapidement [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fibee.fr\/inflation-banques-centrales-et-heritage-powell-les-lecons-dune-decennie-monetaire\/\" \/>\n<meta property=\"og:site_name\" content=\"Agence SAND\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AgenceSand\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-23T06:48:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fibee.fr\/wp-content\/uploads\/Philippe-Waechter.webp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@AgenceSAND\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script 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