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Showing 1 - 10 of 81 results for "Chair Janet Yellen"

Chief economist update: Be afraid of inflation expectations

BENJAMIN ONG  |  FRIDAY, 14 MAY 2021
... higher than the Fed's first QE taper in 2013, its rate hike campaign between 2017 and 2019 and when then Fed chair Janet Yellen announced the first interest rate hike since the global financial crisis of 2009 in December 2016. These countermeasures ...

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... If not, I trust the Fed would be quick in implementing a pivot to prevent runaway inflation. As former Fed Chair Janet Yellen says, it has "the tools to deal with that risk if it materializes".

Chief economist update: Virus now, inflation later

BENJAMIN ONG  |  MONDAY, 25 JAN 2021
... They're now at levels higher than the Fed's rate hike campaign between 2017 and 2019 and when then chair Janet Yellen announced the first rate hike (in December 2016) since the global financial crisis of 2009. As Yellen explained: "In standard ...

Chief economist update: New Fed chief, same policy direction (but more transparent)

BENJAMIN ONG  |  WEDNESDAY, 28 FEB 2018
... Yellen has already laid out. And Powell admitted as much: "I want to express my appreciation for my predecessor, chair Janet Yellen, and her important contributions. During her term as chair, the economy continued to strengthen and Federal Reserve policymakers ...

Powell power

BENJAMIN ONG  |  THURSDAY, 30 NOV 2017
There wasn't really anything earth-shattering in US Federal Reserve Chair Janet Yellen's testimony before the Joint Economic Committee of the US Congress overnight where she discussed 'The Current Economic Outlook and Monetary Policy'. Growth is gaining ...

Changed RBA rate expectations?

BENJAMIN ONG  |  MONDAY, 6 NOV 2017
... Donald Trump's nomination of Jerome Powell. If (when?) approved by the US Senate Powell will replace sitting Fed Chair Janet Yellen on 3 February next year, which is expected to provide continuity to the Fed's current softly, softly approach to monetary ...

Fed does the expected, will do as expected

BENJAMIN ONG  |  THURSDAY, 2 NOV 2017
... sheet unwind in September. Certainly, the Fed continues to grapple with persistent low inflation. But as Fed Chair Janet Yellen explains in several of her outings, this is transitory and "reflects the influence of unexpected movements in oil prices and ...

Inflated attention on September US CPI inflation

BENJAMIN ONG  |  MONDAY, 16 OCT 2017
... at 1.4% over the same periods. The Fed considers low inflation readings transitory and unlikely to persist. Chair Janet Yellen emphasised this once more in her speech at the Group of 30 International Banking Seminar, Washington last night: "PCE inflation ...

No more slack?

BENJAMIN ONG  |  MONDAY, 9 OCT 2017
... percent of the civilian labor force plus all persons marginally attached to the labor force." Recall that Fed chair Janet Yellen used this stat to explain the slack in the labour market and therefore, slow wages growth in America. Slack no more? As if ...

Transparency to the max

BENJAMIN ONG  |  MONDAY, 25 SEP 2017
... these are the lowest readings on Factset's record (1990). There were a number of occasions in the past when Fed Chair Janet Yellen cautioned that these ultra-low readings (the VIX index's long-term average is around 20) could imply investor complacence. ...
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