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Showing 61 - 70 of 198 results for "Powell"

Integrity names distribution GM

KARREN VERGARA | THURSDAY, 25 MAR 2021

... McCormack left his role as chief life insurance officer at MLC on February 26 to lead Integrity Life. He succeeded Chris Powell, who helped launch the firm and retired after five years.

Chief economist update: Powell said, Yellen said

BENJAMIN ONG | WEDNESDAY, 24 MAR 2021

... law - singing a rendition of Louis Armstrong's What a Wonderful World. In his testimony, Federal Reserve chair Jerome Powell declared that: "Today the situation is much improved. While the economic fallout has been real and widespread, the worst ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG | THURSDAY, 18 MAR 2021

Ho-hum. So much for speculations over the Fed's thoughts and actions, Powell and Co. did what financial markets expected - nothing - at their 16-17 March FOMC meeting. "The Committee decided to keep the target range for the federal funds rate at ...

Chief economist update: Fed fights back bond bears

BENJAMIN ONG | MONDAY, 1 MAR 2021

... think you're strong enough now..." In his semi-annual testimony before the US Congress last week, Fed chair Jerome Powell stressed that it would take some time before the central bank could make "substantial further progress" towards employment and ...

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 ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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