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Showing 11 - 20 of 197 results for "Fed Chair"

US inflation rises 3.2%

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... late July, the Fed raised the base rates by 0.25% to a range of 5.25% to 5.5% to continue its fight against inflation. Fed chair Jerome Powell said at the time that he is "squarely focused" on its dual mandate to promote maximum employment and stable ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... high. Overnight, the Fed announced rates would rise to a range of 5.25% to 5.5% to continue its fight against inflation. Fed chair Jerome Powell said the committee remains "squarely focused" on its dual mandate to promote maximum employment and stable ...

Federal Reserve holds rates steady

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... indicated that further hikes may be on the horizon. Principal Asset Management chief global strategist Seema Shah said: "Fed chair Jerome Powell emphasised that, while the committee thinks it will be appropriate to raise rates further, considering how ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... exposures to the Silicon Valley Bank failure. Early this morning, a joint statement from US Treasury secretary Janet Yellen, Fed chair Jerome Powell and Federal Deposit Insurance chair Martin Gruenberg announced all insured depositors in Silicon Valley ...

US inflation drops to 8.5%

CASSANDRA BALDINI  |  THURSDAY, 11 AUG 2022
... of key data releases between now and then, including another non-farm payrolls release and another CPI release, and Fed chair Jerome Powell pointed to data being the key driver of quantum of future rate hikes at their last meeting. These will be very ...

Economic recap: Week to December 10

BENJAMIN ONG  |  MONDAY, 13 DEC 2021
... didn't have 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 ...

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
... 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 ...