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Showing 1 - 9 of 9 results for "Chair Powell"

Economic recap: Week to December 10

BENJAMIN ONG  |  MONDAY, 13 DEC 2021
... that in 2020. So much so that, after insisting that the recent surge in inflation is "transitory" for months, Fed chair Powell (in his testimony before the US Congress at the end of November) declared that it's "probably a good time to retire that ...

Economic recap: Week to December 3

BENJAMIN ONG  |  MONDAY, 6 DEC 2021
... Reserve's recent change of tact. After insisting that the recent surge in inflation is "transitory" for months, Fed chair Powell (in his testimony before the US Congress at the end of November) declared that it's "probably a good time to retire ...

Economic recap: Week to August 27

BENJAMIN ONG  |  MONDAY, 30 AUG 2021
All talk and still no taper (yet). Along with the declaration of "mission accomplished" in the planet's war against the COVID-19 pandemic, the Fed's annual Kansas City Fed's Jackson Hole symposium is the most widely anticipated event of ...

Chief economist update: Virus now, inflation later

BENJAMIN ONG  |  MONDAY, 25 JAN 2021
... to reinvent the wheel: "Speaking at an event hosted by the Princeton University Bendheim Center for Finance, Fed Chair Powell also said that the time to raise interest rates is no time soon, and that the Fed won't hike rates unless it sees troubling ...

Chief economist update: Three cheers for Christmas

BENJAMIN ONG  |  MONDAY, 16 DEC 2019
... Reserve indicated that it would not cut interest rates further - currently at 1.5%-1.75% -- because, according to chair Powell: "Our economic outlook remains a favourable one despite global developments and ongoing risks." Nor would the Fed raise the ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... target rate maintained - but after all was said and done, they were outvoted by the majority of seven (led by Fed chair Powell) which didn't disappoint financial market expectations by cutting the fed funds rate another 25 basis points to 1.75%-2% ...

Chief economist update: Fed plans for Trump contingency

BENJAMIN ONG  |  THURSDAY, 20 JUN 2019
The Fed's decision to maintain current policy settings at the conclusion of last night's FOMC meeting doesn't make for much except for self-congratulations and back-patting. What matters more is the forward guidance implicit in the FOMC ...

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
... - headline and core PCE price index below target at 1.5% and 1.6% in the year to March, respectively. In his Q&A, chair Powell stressed the decision to trim the interest rate on excess reserves (IOER) to 2.35% from 2.4% was just a "technical adjustment" ...

Chief economist update: That other Fed policy towards normalcy

BENJAMIN ONG  |  THURSDAY, 4 OCT 2018
Latest data updates indicate that the US economic juggernaut continues to power on. The ISM non-manufacturing index shot up from 58.5 in August to a higher than expected 61.6 in September - its highest level on record. In addition, the ADP private sector ...
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