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Showing 21 - 30 of 208 results for "Yellen"

Chief economist update: New Fed chief, same policy direction (but more transparent)

BENJAMIN ONG  |  WEDNESDAY, 28 FEB 2018
... Same here. For Powell's statement hardly differed from the statement issued after its 30-31 January FOMC meeting (Janet Yellen's last), including: "The committee views the near-term risks to the economic outlook as roughly balanced but will continue ...

Chief economist update: The Fed's force is with us

BENJAMIN ONG  |  FRIDAY, 9 FEB 2018
... Street would continue, "unless acted upon by a force." Needless to say, that force is the Fed. It might have been Janet Yellen's Fed that, month after month, qualified the "timing and size of future adjustments to the target range for the federal funds ...

Chief economist update: Build, build, and build some more

BENJAMIN ONG  |  TUESDAY, 30 JAN 2018
... President Donald Trump will deliver his 'State of the Union' address and the Fed meets for the first time this year (and Madam Yellen's last). In Europe, we'll get the latest update on the region's economic growth (fourth quarter GDP) and inflation. ...

Three is the magic number

BENJAMIN ONG  |  THURSDAY, 14 DEC 2017
... in 2019. There was no mention of Trump's tax plan in the FOMC statement but in the transcript of her press conference, Yellen said that, "While changes in tax policy will likely provide some lift to economic activity in coming years, the magnitude and ...

Powell power

BENJAMIN ONG  |  THURSDAY, 30 NOV 2017
There wasn't really anything earth-shattering in US Federal Reserve Chair Janet Yellen's testimony before the Joint Economic Committee of the US Congress overnight where she discussed 'The Current Economic Outlook and Monetary Policy'. Growth is gaining ...

The price is not right

BENJAMIN ONG  |  THURSDAY, 23 NOV 2017
Quo vadis inflation? The minutes of the Fed's 31 October - 1 November FOMC meeting revealed Yellen & Co's continued confusion over the unresponsiveness of consumer price inflation to undeniably solid growth in the economy. According to the minutes ...

Changed RBA rate expectations?

BENJAMIN ONG  |  MONDAY, 6 NOV 2017
... 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 current softly, softly approach to monetary ...

Fed does the expected, will do as expected

BENJAMIN ONG  |  THURSDAY, 2 NOV 2017
... sheet unwind in September. Certainly, the Fed continues to grapple with persistent low inflation. But as Fed Chair Janet Yellen explains in several of her outings, this is transitory and "reflects the influence of unexpected movements in oil prices and ...

Inflated attention on September US CPI inflation

BENJAMIN ONG  |  MONDAY, 16 OCT 2017
... at 1.4% over the same periods. The Fed considers low inflation readings transitory and unlikely to persist. Chair Janet Yellen emphasised this once more in her speech at the Group of 30 International Banking Seminar, Washington last night: "PCE inflation ...

No more slack?

BENJAMIN ONG  |  MONDAY, 9 OCT 2017
... percent of the civilian labor force plus all persons marginally attached to the labor force." Recall that Fed chair Janet Yellen used this stat to explain the slack in the labour market and therefore, slow wages growth in America. Slack no more? As if ...