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Showing 11 - 20 of 59 results for "US Senate"

Chief economist update: Minutes of concerns

BENJAMIN ONG  |  FRIDAY, 6 JUL 2018
... 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. If I recall correctly, rising US short rates and steady to falling long-term rates ...

Chief economist update: Fed flattens the yield curve

BENJAMIN ONG  |  THURSDAY, 14 JUN 2018
... hikes - and reasoned that it was due to the global savings glut and increasing globalisation. In testimony before the US Senate Committee on Banking, Housing, and Urban Affairs on February 17, 2005, Alan Greenspan remarked that: "Long-term interest rates ...

Un-Keynesian

BENJAMIN ONG  |  TUESDAY, 5 DEC 2017
... first legislative win under his belt. Oh yes, this refers to the long-promised, much-awaited tax cuts. It passed the US Senate on the 2 December with a 51-49 vote, paving the way for the corporate tax rate to be lowered to 20% from the current 35%. Ole! ...

Changed RBA rate expectations?

BENJAMIN ONG  |  MONDAY, 6 NOV 2017
... So too was the well-telegraphed US President Donald Trump's nomination of Jerome Powell. If (when?) approved by the US Senate Powell will replace sitting Fed Chair Janet Yellen on 3 February next year, which is expected to provide continuity to the Fed's ...

US Senate votes down adviser fiduciary rule

ALEX DUNNIN  |  TUESDAY, 31 MAY 2016
The US Senate recently voted down the Department of Labor's administration rule for financial advisers that would have compelled them to act in their clients' best interests. The law was passed 65-41 meaning it fell well short of the two thirds majority ...

Glass-Steagall Act reintroduced to US Senate

ALEX DUNNIN  |  THURSDAY, 9 JUL 2015
... to separate their traditional activities from their investment management activities has been re-introduced into the US Senate. The legislation has been sponsored by GOP, Democrat and Independent Senators Elizabeth Warren, John McCain, Maria Cantwell ...

Goldman ordered to pay $100m to NAB

STAFF WRITER  |  TUESDAY, 12 MAY 2015
... NAB invested $80 million in a Goldman collateralised-debt obligation called Hudson Mezzanine Funding 2006-1. A 2011 US Senate report later found that while Goldman was pitching Hudson securities to investors, it was also betting against their value. ...

Say when

BENJAMIN ONG  |  WEDNESDAY, 25 FEB 2015
... meeting-by-meeting basis", "on the basis of incoming data". This, to me, is Janet's main message in her testimony before the US Senate Banking, Housing, and Urban Affairs Committee last night. Can't expect the lady to tell us when, when she and her band ...

Rejoice for the A$ has fallen

BENJAMIN ONG  |  THURSDAY, 6 NOV 2014
... dollar "plummeted" "nosedived" "plunged" "tumbled" "was smoked" following reports that the Republicans won control of the US Senate. It fell - yes, fell - to a four-year low of US$0.8564, down 2% from its US$0.8738 in New York trade. As I type, the dollar-A's ...

Market Wrap AM

AAP  |  THURSDAY, 6 NOV 2014
... across the eurozone to join a rally by the greenback against major rival currencies after Republicans took control of the US Senate from Democrats overnight, which many investors hope might result in more business-friendly policies in Washington. The ...