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Showing 81 - 90 of 184 results for "Powell"

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 27 MAR 2020
... contained, the economic damage will persist." How quickly the coronavirus is murdered is the key. As US Fed chair Jerome Powell declared: "If we get the virus spread under control fairly quickly, then economic activity can resume... The virus is going ...

Wall Street tumbles, ASX holds ground

ELIZA BAVIN  |  TUESDAY, 17 MAR 2020
... the world are down significantly," Stein said. "Again, I think the Fed did what it had to do and in the press conference, Powell still highlighted that health policy and other policies are going to carry the day." "We are living in unprecedented historical ...

Trump slams Fed in Twitter tirade

ALLY SELBY  |  WEDNESDAY, 11 MAR 2020
Trump has taken to Twitter once again, this time, to slam the Federal Reserve and its chair Jerome Powell. The tweets follow a tumultuous start to the week for markets, with the Dow Jones, S&P 500 and Nasdaq suffering their worst day in a decade on ...

Life insurer chief executive retires

JAMIE WILLIAMSON  |  THURSDAY, 5 MAR 2020
... providers is retiring after more than 40 years in the industry. Integrity Life has announced its chief executive Chris Powell will retire in the middle of the year, appointing chief financial officer Lesley Mamelok to the role in an acting capacity. ...

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... 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 won't ...

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

BENJAMIN ONG  |  WEDNESDAY, 12 FEB 2020
Uh-oh, I may have to put the letters "W" and "R" in front of my last name (Ong) cause that's what my last prognosis for the US economy and the Fed's response is turning out to be. I've been among those pencilling in a recession when the ...

Chief economist update: Three cheers for Christmas

BENJAMIN ONG  |  MONDAY, 16 DEC 2019
... Reserve indicated that it would not cut interest rates further - currently at 1.5%-1.75% -- because, according to chair Powell: "Our economic outlook remains a favourable one despite global developments and ongoing risks." Nor would the Fed raise the ...

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

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
... 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. With our ...

Chief economist update: Bah humbug

BENJAMIN ONG  |  TUESDAY, 3 DEC 2019
... policies of the Federal Reserve - Which has called interest rates and quantitative tightening wrong from the first days of Jay Powell!" It's the latest update from the Institute of Supply Management (ISM) which shows the manufacturing PMI fell to ...

Chief economist update: Fed pause could be a short one

BENJAMIN ONG  |  FRIDAY, 1 NOV 2019
... 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 rate a ...