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

Search Results

Showing 11 - 20 of 99 results for "Fed Chairman"

Chief economist update: Safe as burning houses

BENJAMIN ONG  |  MONDAY, 14 JAN 2019
... improvement in the Australian labour market and... we'll be right mate! But wait! This smacks of the same optimism ex-Fed chairman Ben Bernanke blurted out about a couple of years before the GFC hit: "...we do not expect significant spillovers from ...

Fed steady with a slight chance of a rate cut

BENJAMIN ONG  |  THURSDAY, 10 JAN 2019
I hear ya! US Fed Chairman Jerome Powell had already come out declaring something along these lines at his first outing for 2018. Still, it's more comforting to have all the members of the Federal Open Market Committee (FOMC) put their imprimatur in ...

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

BENJAMIN ONG  |  MONDAY, 7 JAN 2019
... while its neighbours languish. Sooner or later, it'll come back to bite Uncle Sam on his behind. None other than Fed chairman Jerome Powell understands this. In a joint interview with his predecessors - Ben Bernanke and Janet Yellen - at the American ...

Chief economist update: Finding neutral

BENJAMIN ONG  |  TUESDAY, 20 NOV 2018
... can go on and on but my point is that no one really knows where the neutral level of interest rate lies. As former Fed Chairman Alan Greenspan quipped during his heydays, "It's very difficult to know where that so-called neutral rate is. But we probably ...

Chief economist update: Famous last words

BENJAMIN ONG  |  TUESDAY, 28 AUG 2018
... others, I was wrong. The "Great Recession of 2008" happened. And before what happened, happened, no less than then Fed Chairman Ben Bernanke was dismissive of the signals of trouble flashing right before his eyes. Quotes published by "Business Insider" ...

Chief economist update: Submerging markets

BENJAMIN ONG  |  MONDAY, 20 AUG 2018
... slow growth in activity and put more downward pressure on their currencies. It would be interesting to hear what Fed Chairman Jerome Powell thinks (and is prepared to do) to short circuit these shorting of emerging market currencies and equities at his ...

Chief economist update: Minutes of concerns

BENJAMIN ONG  |  FRIDAY, 6 JUL 2018
... down to 28 basis points from 54 bps at the start of the year. This is lower than the 73 bps gap that prompted then Fed Chairman to deliver his "interest rate conundrum" speech in testimony before the US Senate Committee on Banking on February 17, 2005. ...

Chief economist update: Lessons from the last world trade war

BENJAMIN ONG  |  MONDAY, 25 JUN 2018
... banks, which expressed their concerns at the ECB Forum on Central Banking held at Sintra, Portugal on 18-20 June. US Fed Chairman Jerome Powell: "Changes in trade policy could cause us to have to question the outlook...We have a very wide range of contacts ...

Chief economist update: Submerging markets

BENJAMIN ONG  |  TUESDAY, 19 JUN 2018
... not, and by more than initially forward-guided). As it turns out, I am wrong and Powell is correct (else, I can be Fed chairman). I waved the white flag after reading Bloomberg's report: "Overseas funds are pulling out of six major Asian emerging ...

Chief economist update: Fed flattens the yield curve

BENJAMIN ONG  |  THURSDAY, 14 JUN 2018
... inverted yield curve was followed by the 2008 recession, as it had in the US recessions of 1990 and 2001. The current Fed chairman claims that short term rates are rising because of the hikes and the smaller lift in the long-term yields to safe-haven ...