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Showing 11 - 20 of 142 results for "Treasury Secretary"

Chief economist: What JobKeeper cliff?

BENJAMIN ONG  |  FRIDAY, 21 MAY 2021
... Treasury's prediction of life after JobKeeper. Speaking before the Economics Legislation Committee on March 24, treasury secretary Steven Kennedy warned that between 100,000 and 150,000 recipients of the $90 billion "said between 100,000 and 150,000 ...

Chief economist update: Be afraid of inflation expectations

BENJAMIN ONG  |  FRIDAY, 14 MAY 2021
... expectations and kept measured inflation within target. She was the chair of the US Federal Reserve when now Treasury Secretary Janet Yellen explained the significance of inflation expectations. "In standard economic models, inflation expectations are ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
... Likewise, the unemployment rate ticked up to 6.1% in April from 6.0% in the previous month. Fortunately for US Treasury Secretary Janet Yellen, she was quick to walk back her talk at the "Future Economic Summit" suggesting that interest rates may need ...

Chief economist update: Powell said, Yellen said

BENJAMIN ONG  |  WEDNESDAY, 24 MAR 2021
... sector. More people held on to their jobs, more businesses kept their doors open, and more incomes were saved." Treasury Secretary Janet Yellen's testimony was equally optimistic: "We are meeting at a hopeful moment for the economy"; "we're seeing ...

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 ...

Chief economist update: USA Inc is under new management

BENJAMIN ONG  |  THURSDAY, 21 JAN 2021
... rates soon unless it 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 ...

RBA measures not solely due to COVID: Treasury

ELIZA BAVIN  |  FRIDAY, 6 NOV 2020
... monetary policy measures launched by the Reserve Bank of Australia are not solely a result of the COVID-19 shock, Treasury Secretary Steven Kennedy said. Speaking to Australian Business Economists for a post-budget briefing, Kennedy said the neutral ...

Chief economist update: The next generation

BENJAMIN ONG  |  WEDNESDAY, 22 JUL 2020
... - or what's called a "Hamilton moment" - "the historic constitutional compromise forged by the first US Treasury secretary Alexander Hamilton, James Madison, and Thomas Jefferson in that year [1790]" where "the US federal government assumed all the ...

Vale Ted Evans

ELIZA BAVIN  |  TUESDAY, 14 APR 2020
Tributes are flowing for former Westpac chair and Treasury secretary Ted Evans, who passed away over the weekend. Evans, who had been battling cancer, joined the Australian Treasury in 1968 and devoted 43 years of his working life to public service ...

Chief economist update: Foolish takeaway on US-China talks

BENJAMIN ONG  |  FRIDAY, 6 SEP 2019
... He agreed to a visit in "early October" during a telephone call on Thursday morning Beijing time with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer, according to a statement from China's Ministry of Commerce. ...