Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 190 results for "Fed Chair"

Economic recap: Week to August 27

BENJAMIN ONG  |  MONDAY, 30 AUG 2021
... states of the economy and health the world still finds itself -- much more than digesting, dissecting and analysing Fed chair Powell's missive. Of course, Powell's insights and thoughts make a song - because any decision the Fed makes based on ...

Chief economist update: Deflated expectations lift deflation expectations

BENJAMIN ONG  |  THURSDAY, 10 JUN 2021
Inflation? What inflation? We need inflation. While many, if not most, of its central bank peers - led by the Fed -- are pushing back against inflation concerns, the Bank of Japan (BOJ) cannot seem to drive growth in the country's consumer prices ...

Chief economist update: Be afraid of inflation expectations

BENJAMIN ONG  |  FRIDAY, 14 MAY 2021
... levels higher than the Fed's first QE taper in 2013, its rate hike campaign between 2017 and 2019 and when then Fed chair Janet Yellen announced the first interest rate hike since the global financial crisis of 2009 in December 2016. These countermeasures ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
Wall Street benchmark equity indices closed on the up and up on May 7 - the Dow and the S&P 500 index even rallied new record highs -- the same day the US Bureau of Labor Statistics (BLS) revealed disappointing labour market stats. The US economy added ...

Chief economist update: The pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2021
The music has stopped, should we cease dancing? Two consecutive days of losses on Wall Street is a very long time in financial markets so much so that "pundits struggle to explain stocks stumble", according to the Australian Financial Review (AFR). ...

Chief economist update: Fed fights back bond bears

BENJAMIN ONG  |  MONDAY, 1 MAR 2021
... really don't think you're strong enough now..." In his semi-annual testimony before the US Congress last week, Fed chair Jerome Powell stressed that it would take some time before the central bank could make "substantial further progress" towards ...

Chief economist update: Patience is the word

BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
The US economy is not out of the woods yet and therefore, worrywarts need not be concerned over rising inflation - that would prompt the Fed taper policy accommodation. "Participants observed that the economy was far from achieving the committee's ...

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... if you will. If not, I trust the Fed would be quick in implementing a pivot to prevent runaway inflation. As former Fed Chair Janet Yellen says, it has "the tools to deal with that risk if it materializes".

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
... from the record high of 14.8% recorded in April but remains well-below the pre-pandemic level of 3.5%. More telling, Fed chair Jerome Powell thinks that the real rate of unemployment is closer to 10%, also saying: "The ongoing public health crisis continues ...

Chief economist update: Virus now, inflation later

BENJAMIN ONG  |  MONDAY, 25 JAN 2021
... don't have 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 ...