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Showing 21 - 30 of 65 results for "Jerome Powell"

Chief economist update: Not easy easing restrictions

BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
... have entered an important new phase and have done so sooner than expected." This was what US Federal Reserve chair Jerome Powell declared before the Committee on Financial Services of the House of Representatives two weeks ago (30 June). True that..."resumption ...

Chief economist update: Extraordinarily uncertain outlook

BENJAMIN ONG  |  TUESDAY, 30 JUN 2020
US Federal Reserve chair Jerome Powell has painted an optimistic picture of developments in the US economy while at the same time warning of extraordinary uncertainty. "As the economy reopens, incoming data are beginning to reflect a resumption of economic ...

Chief economist update: The power of money (and a cure)

BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
... US economic growth or the OECD's prediction for a 7.3% decline (assuming no second wave). Besides, Fed chair Jerome Powell and his merry men and women of the FOMC pledged to keep monetary policy accommodative "until it is confident that the economy ...

Chief economist update: The second wave

BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
... US economic growth or the OECD's prediction for a 7.3% decline (assuming no second wave). Besides, Fed chair Jerome Powell and his merry men and women of the FOMC pledged to keep monetary policy accommodative "until it is confident that the economy ...

US GDP to contract 6.5%: Fed

ELIZA BAVIN  |  THURSDAY, 11 JUN 2020
... of a commitment "to using its full range of tools to support the US economy in this challenging time" Fed chair Jerome Powell indicated the central bank would continue to review the asset purchase forward guidance and that they have been studying the ...

Chief economist update: Don't fight the Fed

BENJAMIN ONG  |  THURSDAY, 11 JUN 2020
... would decelerate from 1.4% in 2019 to 0.8% in 2020 before speeding up to 1.6% in 2021 and 1.7% in 2022." As chair Jerome Powell explained in his press conference: "What the June SEP shows is a general expectation of an economic recovery beginning in ...

Fed buys up BlackRock ETFs

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... end of the intermeeting period still stood significantly above their levels in January." The US central bank chair Jerome Powell said the Fed took action with the Treasury Department to support the credit needs of large employers through the Primary ...

Chief economist update: Powell blamed for fall on Wall Street

BENJAMIN ONG  |  THURSDAY, 14 MAY 2020
Was it something I said? Yes sir, Mr. US Fed chair Jerome Powell, it was. Today's headlines not only infer, but blame your words for the fall on Wall Street overnight. The Wall Street Journal published: "The Dow Jones Industrial Average dropped ...

Chief economist update: No escaping the inverted yield curve

BENJAMIN ONG  |  MONDAY, 4 MAY 2020
... October of that year and continued to steepen. So much so that by the Fed's December 2019 FOMC meeting, Chairman Jerome Powell was waxing optimistic, "Our economic outlook remains a favourable one despite global developments and ongoing risks. With ...

Chief economist update: How deep the global recession?

BENJAMIN ONG  |  WEDNESDAY, 15 APR 2020
... to firm closures and extended unemployment." How quickly the coronavirus is murdered is the key. As US Fed chair Jerome Powell declared: "If we get the virus spread under control fairly quickly, then economic activity can resume."