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

Search Results

Showing 21 - 30 of 197 results for "Fed Chair"

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 ...

Chief economist update: A vaccine and a better vaccine

BENJAMIN ONG  |  TUESDAY, 17 NOV 2020
... whopping 64.4% surge from the March low. Similarly, the S&P 500 index has soared by 65.5% from March. Just last week, US Fed chair Jerome Powell told fellow central bankers at the annual ECB Forum on Central Banking that: "The vaccine is certainly good ...

Chief economist update: We're not there yet

BENJAMIN ONG  |  FRIDAY, 13 NOV 2020
... backdrop of recent COVID-19 vaccine optimism and the rising cases of infections and deaths in their respective domains. Fed chair Jerome Powell thinks that while the US recovery had been better than expected and continues to progress, it remains uneven ...

Chief economist update: Not out of the woods

BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
... a stimulus deal is signed today, tomorrow or never? The short answer is the US Federal Reserve remains unconvinced. Fed chair Jerome Powell thinks there's still a long way to go before the economy fully recovers from the pandemic. Fed governor Lael ...