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Showing 81 - 90 of 143 results for "Jerome"

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... 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... It ...

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

BENJAMIN ONG  |  WEDNESDAY, 12 FEB 2020
... 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 that, although ...

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

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
... - 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 risks. ...

Chief economist update: Fed pause could be a short one

BENJAMIN ONG  |  FRIDAY, 1 NOV 2019
... escalating trade protectionism and greater threats (and outright imposition) of more to follow. Uh-oh. US Federal Reserve chair Jerome Powell wouldn't be too happy with this new development. In his press conference - after the FOMC cut the fed funds ...

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
... 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 to US economic ...

Chief economist update: When monetary and fiscal policies don't meet

BENJAMIN ONG  |  TUESDAY, 8 OCT 2019
He said, he said. This must be a thing now. Just as US President Trump and his central bank governor Jerome Powell don't see eye to eye with the conduct of government and monetary policies, there is no meeting of the minds between Australian Prime ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... America Merrill Lynch which expects 25 bps cuts at the October and December FOMC meeting. At the end of the day and to quote Jerome: "If the economy does turn down, then a more extensive sequence of rate cuts could be appropriate. We are going to be ...

Chief economist update: Fed has Trump's trade war number

BENJAMIN ONG  |  MONDAY, 9 SEP 2019
... president Donald J. Trump's Twitter attacks on the Fed. The last, most significant one was right after US Federal chair Jerome Powell's speech at Jackson Hole: Trump let loose on Twitter, virtually naming Powell an enemy of the state, saying ...

Chief economist update: Trump should read Frank

BENJAMIN ONG  |  MONDAY, 26 AUG 2019
... 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 that it "will ...

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 ...