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Showing 21 - 30 of 92 results for %22Jerome Powell%22

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
... 0.5%, the most aggressive interest rate increase in over 20 years. In his opening statement, Federal Reserve chair Jerome Powell said: "Inflation is much too high, and we understand the hardship it is causing, we're moving expeditiously to bring it back ...

US stocks crumble after Jerome Powell's hawkish comments

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
From its daily peak, the SP500 index fell 2.61% after Federal Reserve chair Jerome Powell flagged aggressive rate hikes. At an International Monetary Fund panel discussion, Powell said: "It is appropriate, in my view, to be moving a little more quickly." ...

Economic recap: Week to December 10

BENJAMIN ONG  |  MONDAY, 13 DEC 2021
... China's second biggest property developer - debt problems. Not even the Fed. In his press conference, chairman Jerome Powell intimated that: "In terms of the implications for us, there isn't, there's not a direct United States exposure. The ...

Fed to ban policymakers stock, bond trading

JAMIE WILLIAMSON  |  FRIDAY, 22 OCT 2021
... senior officials maintain a single-minded focus on the public mission of the Federal Reserve," Federal Reserve chair Jerome Powell said. The restrictions will be incorporated into the Fed's rules and policies in the coming months and follow recent scandals ...

Economic recap: Week to September 24

BENJAMIN ONG  |  MONDAY, 27 SEP 2021
... property developer - debt problems. Then again, the Fed was never worried about it. In his press conference, chair Jerome Powell intimated that: "In terms of the implications for us, there isn't, there's not a direct United States exposure. The ...

Economic recap: Week to August 27

BENJAMIN ONG  |  MONDAY, 30 AUG 2021
... symposium was, for the first time in history, held virtually. On 27 August 2020 at the Hole, US Federal Reserve chair Jerome Powell virtually buried the Philips Curve - the inverse correlation between inflation and the unemployment rate - by announcing ...

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
... year's high of 37.21 recorded in late January. Financial market participants, it seems, paid closer attention to chair Jerome Powell's words this time. In his press conference, the Fed chief elaborated that: "As is evident in the SEP, many participants ...

Chief economist update: Inflation scare

BENJAMIN ONG  |  THURSDAY, 13 MAY 2021
... costs due to continuing bottlenecks in the supply chain. But the Fed has already told us this would happen. Chair Jerome Powell has stressed time and again that, although measured inflation would increase in the coming months, it is likely to be "transitory" ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
... Yellen explained that she did not predict nor recommend a lift in interest rates and that she agreed with Fed Chairman Jerome Powell's view that while measured inflation has risen, it's likely to be temporary. One swallow does not a spring make ...

Chief economist update: The Fed and Australia

BENJAMIN ONG  |  TUESDAY, 4 MAY 2021
Just when we thought Federal Reserve chair Jerome Powell has tapered sooner-than-later taper expectations, along comes Robert Steven Kaplan -- president and chief executive of the Federal Reserve Bank of Dallas. While the US Federal Reserve was waxing ...