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Showing 11 - 20 of 208 results for "Yellen"

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... "Anything worth doing is worth overdoing. Moderation is for cowards." - Shane Patton Did current US Treasury Secretary Janet Yellen (under Biden's administration) just call former US Secretary Lawrence Summers (under Clinton's) a coward? I refer of course ...

Chief economist update: Virus now, inflation later

BENJAMIN ONG  |  MONDAY, 25 JAN 2021
... They're now at levels higher than the Fed's rate hike campaign between 2017 and 2019 and when then chair Janet Yellen announced the first rate hike (in December 2016) since the global financial crisis of 2009. As Yellen explained: "In standard ...

Chief economist update: USA Inc is under new management

BENJAMIN ONG  |  THURSDAY, 21 JAN 2021
... foresees rising inflation or imbalances in the economy. In her confirmation hearing, US Treasury Secretary nominee Janet Yellen declared that with interest rates at historic lows, the smartest thing is to "act big" on COVID-19 relief to shore up the ...

Key finance figures in Biden Cabinet

ELIZA BAVIN  |  TUESDAY, 19 JAN 2021
... veterans nominated to help his administration lead the nation. The first, and most notable in the economics world is Janet Yellen, whom Biden has nominated to lead the US Treasury. Yellen is the former US Federal Reserve governor. She was also the chair ...

Chief economist update: Cash is King

BENJAMIN ONG  |  WEDNESDAY, 19 JUN 2019
... reduced opportunities to grow export orders." Sure, sure, as one FOMC member (I couldn't remember who, or was it Janet Yellen?) once blurted out, we decide on domestic monetary policy based on our domestic conditions and outlook, not on global circumstances. ...

Chief economist update: Another year over, a new one begins

BENJAMIN ONG  |  MONDAY, 7 JAN 2019
... other than Fed chairman Jerome Powell understands this. In a joint interview with his predecessors - Ben Bernanke and Janet Yellen - at the American Economic Association's annual meeting in Atlanta on 4 January 2019, Powell declared: "With the muted ...

Chief economist update: Americans who want work will find it

BENJAMIN ONG  |  MONDAY, 5 NOV 2018
Financial markets expect the US Federal Reserve's FOMC meeting this week (7-8 November) to be a ho-hum event. In fact, the CME FedWatch Tool puts the probability of the Fed keeping the fed funds rate at 2-2.25% at 92.8% - almost a sure "no change" ...

Chief economist update: Fed funds at five point O

BENJAMIN ONG  |  TUESDAY, 10 JUL 2018
The absence of fresh threat tweets from the US president has allowed me to take a fresh look at the US non-farm payrolls report released over the weekend. It was good. Nah, it was excellent, the stuff of every central bank's dream. US non-farm payrolls ...

Chief economist update: Dot tales

BENJAMIN ONG  |  THURSDAY, 22 MAR 2018
... and that China is already considering slapping higher tariffs on US agricultural exports. Once again, ex-Fed chief Janet Yellen's caution come to mind: "As I have noted on previous occasions, participants' projections for the federal funds rate, including ...

Chief economist update: Plotting the dots

BENJAMIN ONG  |  MONDAY, 19 MAR 2018
... where the men and women of the FOMC are taking the fed funds rate going forward, innit? But as former Fed chief, Janet Yellen, oft-repeatedly warned: "As I have noted on previous occasions, participants' projections for the federal funds rate, including ...