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Showing 41 - 50 of 65 results for "Jerome Powell"

Chief economist update: Trump should read Frank

BENJAMIN ONG  |  MONDAY, 26 AUG 2019
... policy on trade (and even his own central bank), fasten your seatbelts and hang on to your toupees! Fed chairman Jerome Powell admitted as much at the Hole. "There are, however, no recent precedents to guide any policy response to the current situation. ...

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: Wheels of US recession in motion

BENJAMIN ONG  |  THURSDAY, 22 AUG 2019
"Your breath first kindled the dead coal of wars And brought in matter that should feed this fire; And now 'tis far too huge to be blown out With that same weak wind which enkindled it." - The Life and Death of King John Bill Shakespeare might just ...

Chief economist update: Fed cut and Trump's war

BENJAMIN ONG  |  MONDAY, 5 AUG 2019
The US Federal Reserve gave markets exactly what they were expecting - a 25 basis point reduction in the Fed funds rate at the conclusion of its July FOMC meeting - but instead of revving up the risk on trade, it was risk off. Equity markets fell. The ...

Chief economist update: Cash is King

BENJAMIN ONG  |  WEDNESDAY, 19 JUN 2019
... and then a follow-up reduction to 1.75%-2% - with 49.6% probability from just 8.6% one month ago. How Fed chairman Jerome Powell prepares the world for an upcoming policy reversal - from onwards and upwards towards normalisation to whoops, we've ...

Chief economist update: The greatest challenge of our time

BENJAMIN ONG  |  THURSDAY, 30 MAY 2019
... seizure that produced the 'Great Recession' of a decade ago. So what gives? US Federal Reserve Chairman Jerome Powell at his press conference after the FOMC's March meeting. Powell warned below-target inflation is "one of the major challenges ...

Chief economist update: The Fed has hit neutral

BENJAMIN ONG  |  WEDNESDAY, 27 FEB 2019
The widely-anticipated market moving event this week - US Federal Reserve Chairman Jerome Powell's semi-annual testimony before the Committee on Banking, Housing, and Urban Affairs of the US Senate - turned out to be a bummer. We've seen this ...

Fed steady with a slight chance of a rate cut

BENJAMIN ONG  |  THURSDAY, 10 JAN 2019
I hear ya! US Fed Chairman Jerome Powell had already come out declaring something along these lines at his first outing for 2018. Still, it's more comforting to have all the members of the Federal Open Market Committee (FOMC) put their imprimatur in ...

Chief economist update: Another year over, a new one begins

BENJAMIN ONG  |  MONDAY, 7 JAN 2019
... neighbours languish. Sooner or later, it'll come back to bite Uncle Sam on his behind. None other than Fed chairman Jerome Powell understands this. In a joint interview with his predecessors - Ben Bernanke and Janet Yellen - at the American Economic ...

Chief economist update: Fed fail

BENJAMIN ONG  |  THURSDAY, 20 DEC 2018
... me I can't imagine how the Fed could be optimistic in the midst of all the evidence. It looks as if Fed chair Jerome Powell and his merry men are doing a similar thing to Ben Bernanke and his brothers in 2008. A year before the GFC, then Fed chair ...