Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 197 results for "Fed Chair"

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... of interest rate ammo like the BOJ and the ECB) expecting to "coordinate" policy responses, pause for thought. For as Fed chair Jerome Powell explained in his press conference: "We do recognise that a rate cut won't reduce the rate of infection... ...

Chief economist update: It's the US consumer, stupid me

BENJAMIN ONG  |  WEDNESDAY, 12 FEB 2020
... currently infecting the world -- instead of the Mexican lager - among others. This time, I have every reason not to question Fed chair Jerome Powell's view. In his testimony before the US Congress' Financial Services Committee, he reiterated ...

Chief economist update: Has the Fed conquered the yield curve?

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
... meeting - after three 25 bps cuts - in July, September and October - that took the fed funds rate from 2.5% to 1.75%. Fed chair Jerome Powell was full of optimism. "Our economic outlook remains a favourable one despite global developments and ongoing ...

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
... economy is strong enough to warrant the withdrawal of monetary policy support. This could be the underlying reason by Fed chair Jerome Powell and Co insist that this "new program" not be labelled QE. It could give a negative connotation with regards ...

Volcker Rule tweak gets green light

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
... Exchange Commission. The Volcker Rule is the section 619 of the Dodd-Frank Wall Street Reform Act, 2010 named after former Fed chair Paul Volcker who proposed the restrictions on speculative trading by big banks as a part of Barrack Obama's economic ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... wanted the target rate maintained - but after all was said and done, they were outvoted by the majority of seven (led by Fed chair Powell) which didn't disappoint financial market expectations by cutting the fed funds rate another 25 basis points ...

Chief economist update: Trump should read Frank

BENJAMIN ONG  |  MONDAY, 26 AUG 2019
... everybody's weekend. Wall Street fell sharply at the close of last week's trading. Was it due to disappointment over US Fed chair Jerome Powell's much-anticipated words at Jackson Hole being just a repetition of the Fed's recent mantra ...

Chief economist update: Jerome is in the Hole

BENJAMIN ONG  |  FRIDAY, 23 AUG 2019
US Federal Reserve chairman Jerome Powell's in the Hole - the annual Jackson Hole symposium, that is. Out of or deeper into the (Jackson) hole? Powell's all too aware that he has to mind his Ps and Qs because his every word would be sliced ...

Chief economist update: Fed cut and Trump's war

BENJAMIN ONG  |  MONDAY, 5 AUG 2019
... They've fallen below 2.0% to 1.86% on August 2. The headlines on that day focused on the markets' disappointment over Fed chair Jerome Powell's forward guidance that further interest rate cuts will depend on "incoming data and the evolving ...

Chief economist update: Cash is King

BENJAMIN ONG  |  WEDNESDAY, 19 JUN 2019
Maybe not at this month's Federal Open Market Committee (FOMC) meeting but consensus expect the US Federal Reserve to serve Christmas in July with a 25 basis point reduction in the fed funds rate from 2.25%-2.5% to 2%-2.25%. The CME FedWatch Tool ...