Editorial

Abstract

The Federal Reserve (Fed) of the United States has continued to raise its reference rate. In June 2015 it was parked at 0.25%. By March 3, 2018, it was at 1.75%, rising to 2% in June 2018, thereby reaching 2004 levels. This monetary strategy is already a confrontation not only with Europe, which has kept its rate at zero, but also with the whole world. This strategy in the current context of conflict in the geostrategic and economic arena, could deteriorate the living standards of the population of the whole world, especially of the weakest countries.