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Showing 51 - 60 of 184 results for "Powell"

Chief economist update: Patience is the word

BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
... 2% over time and longer-term inflation expectations remain well anchored at 2%. In the words of US Fed Chairman Jerome Powell: "We're going to be patient...We'll seek inflation moderately above 2% for some time...The way to achieve credibility ...

Chief economist update: Disappointing jobs results raise Biden's stimulus bid

BENJAMIN ONG  |  MONDAY, 8 FEB 2021
... to 4% or below by year end." And then there's the Fed. In his post-26-27 FOMC meeting press conference, chair Jerome Powell tried to calm markets and prevent a repeat of the taper tantrum that sent bond yields up and equity markets down in 2013. ...

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
... record high of 14.8% recorded in April but remains well-below the pre-pandemic level of 3.5%. More telling, Fed chair Jerome Powell thinks that the real rate of unemployment is closer to 10%, also saying: "The ongoing public health crisis continues to ...

Chief economist update: Virus now, inflation later

BENJAMIN ONG  |  MONDAY, 25 JAN 2021
... to reinvent the wheel: "Speaking at an event hosted by the Princeton University Bendheim Center for Finance, Fed Chair Powell also said that the time to raise interest rates is no time soon, and that the Fed won't hike rates unless it sees troubling ...

Chief economist update: USA Inc is under new management

BENJAMIN ONG  |  THURSDAY, 21 JAN 2021
... economy. The Biden administration has proposed a US$1.9 trillion COVID-19 relief plan. US Federal Reserve chair Jerome Powell assured markets that the central bank would not raise interest rates soon unless it foresees rising inflation or imbalances ...

MLC Life appoints executive

KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
... chief executive at startup insurer Integrity Life, as its founder (former local chief financial officer of Zurich Chris Powell) retired. The leadership change comes as MLC Life raised about $650 million at the end of 2020. The capital injection was a ...

Insurer names new chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 9 DEC 2020
A longstanding MLC Life executive has been appointed to lead Integrity Life, following the retirement of Chris Powell in March. Integrity Life has named Sean McCormack as its new chief executive, just months after he was promoted to the role of chief ...

Chief economist update: Vaccine optimism sparks AUD resurgence

BENJAMIN ONG  |  WEDNESDAY, 18 NOV 2020
... investors to buy the Aussie dollar to avail of the premium. On August 27 at the Hole, the 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: A vaccine and a better vaccine

BENJAMIN ONG  |  TUESDAY, 17 NOV 2020
... surge from the March low. Similarly, the S&P 500 index has soared by 65.5% from March. Just last week, US Fed chair Jerome Powell told fellow central bankers at the annual ECB Forum on Central Banking that: "The vaccine is certainly good and welcome ...

Chief economist update: We're not there yet

BENJAMIN ONG  |  FRIDAY, 13 NOV 2020
... recent COVID-19 vaccine optimism and the rising cases of infections and deaths in their respective domains. Fed chair Jerome Powell thinks that while the US recovery had been better than expected and continues to progress, it remains uneven and incomplete ...