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Showing 21 - 30 of 181 results for %22Powell%22

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 ...

US inflation drops to 8.5%

CASSANDRA BALDINI  |  THURSDAY, 11 AUG 2022
... releases between now and then, including another non-farm payrolls release and another CPI release, and Fed chair Jerome Powell pointed to data being the key driver of quantum of future rate hikes at their last meeting. These will be very closely monitored ...

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... 2.5% and indicated further increases will likely be appropriate. Explaining the decision, Federal Reserve chair Jerome Powell said: "From the standpoint of our congressional mandate to promote maximum employment and price stability, the current picture ...

Inflation a greater danger than recession: Powell

ANDREW MCKEAN  |  THURSDAY, 30 JUN 2022
Federal Reserve chair Jerome Powell flagged that the US Federal Reserve had to raise rates rapidly to mitigate higher inflation, even if that increased recession risks. Speaking at the European Central Bank Forum in Portugal, Powell said: "Our aim is ...

US Fed indicates several more half-percentage rate rises

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
... employment and inflation at the rate of two percent over the longer run." Also, in an unusual step, Federal Reserve chair Jerome Powell directly also addressed the US on the central banks plan to tame inflation in a post-meeting news conference. GSFM ...

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 ...