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Showing 21 - 30 of 186 results for "Powell"

US Federal Reserve hikes interest rates

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
... central bank's decision comes as part of its ongoing commitment to slaying high inflation. Federal Reserve chair Jerome Powell emphasised the difficulties faced by Americans due to high inflation and reinforced the central bank's determination ...

US CPI inflation rate stays stubbornly high

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
... achieve. "It is the 'stickiness' in services inflation that has led Federal Reserve officials, including chair [Jerome] Powell, to leave open the prospect of a further Fed hike in the policy rate." Further, Miller observed that markets have come to terms ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... upheavals in the US banking market in March 2023." US Treasury Secretary Janet Yellen and Federal Reserve chair Jerome Powell showed their support for the new entity, which is expected to create a business with more than US$5 trillion. "We welcome the ...

The thunder is coming: BlackRock

CHLOE WALKER  |  WEDNESDAY, 15 MAR 2023
... macroeconimic environment of 2023 and beyond, urges BlackRock Investment Institute chief investment strategist APAC Ben Powell. Sharing his insights at an event yesterday, Powell said that the world has undoubtedly changed from a 30-40-year period of ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... surrounding Silicon Valley Bank demand a thorough, transparent, and swift review by the Federal Reserve," said chair Jerome Powell. The Fed advised the review report will be released at the start of May. "We need to have humility and conduct a careful ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... Silicon Valley Bank failure. Early this morning, a joint statement from US Treasury secretary Janet Yellen, Fed chair Jerome Powell and Federal Deposit Insurance chair Martin Gruenberg announced all insured depositors in Silicon Valley Bank and Signature ...

US interest rates may go higher than expected: Powell

CASSANDRA BALDINI  |  THURSDAY, 9 MAR 2023
... rates may well be higher than previously anticipated following stronger economic data, said Federal Reserve chair Jerome Powell before the House Financial Services Committee. Providing testimony yesterday, Powell explained the Fed will continue to make ...

Federal Reserve raises rates 0.75%

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
... Following the central bank's decision, the federal funds rate benchmark sits between 3.75% and 4%. Federal Reserve chair Jerome Powell said the Fed is moving its policy stance purposefully to a level that will be sufficiently restrictive to return inflation ...

Northern Trust names global macro fixed income head

CHLOE WALKER  |  WEDNESDAY, 19 OCT 2022
... Trust said. Most recently, he served as special advisor to the Federal Reserve as well as special advisor to chair Jerome Powell. As head of global macro fixed income, Bomfim will have responsibility for the Global Macro Group, which is responsible for ...

Federal Reserve bumps interest rate by 0.75%

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2022
... early next year before taking a U-turn in policy. Meanwhile, Barclays Research said: "With [Federal Reserve chair Jerome] Powell suggesting a high bar for slowing the pace of hikes, we now expect another 150bp on top of September's 75bp hike, with ...