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Search ResultsShowing 1 - 10 of 100+ results for "FOMC"
Chief economist update: The do-nothing Fed
BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
... 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 0 to 1/4 percent... will continue ...
Chief economist update: Patience is the word
BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
... rate of 2.1% in 2018 to 1.5% in 2019 before clocking 1.3% in the year to December 2020. Then again, the minutes show the FOMC acknowledging rising inflation: "In the relatively near term, a number of participants suggested that there could be increases ...
Chief economist update: Disappointing jobs results raise Biden's stimulus bid
BENJAMIN ONG  |  MONDAY, 8 FEB 2021
... forecast of 6.3% and push the unemployment rate 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 ...
Chief economist update: Fed acts with inaction
BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
The Fed's final act for the pandemic year 2020 was inaction. At the conclusion of its December FOMC meeting, the US Federal Reserve said: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects it ...
Chief economist update: RBA negative on negative interest rate policy
BENJAMIN ONG  |  WEDNESDAY, 23 SEP 2020
... pandemic on their respective economies. Fed chair Jerome Powell's last words on negative interest rate policy were that the FOMC was negative on it. Powell told a video conference hosted by the Peterson Institute for International Economics last ...
Chief economist update: Zero beyond 2023
BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
... announced at the August 27 Jackson Hole Symposium is now live. The Fed kept policy settings unchanged at its 15-16 September FOMC meeting - the first since "the Hole" - and promised "to keep the target range for the federal funds rate at 0 to 1/4 percent ...
Chief economist update: Worse news is better news
BENJAMIN ONG  |  THURSDAY, 20 AUG 2020
... infections (5.7 million) in the world and the most deaths (176.3K). This is not lost on the Fed. The minutes of their 28-29 July FOMC meeting revealed its downgrade to earlier growth predictions. "The projected rate of recovery in real GDP, and the pace ...
Chief economist update: A tiny bug takes down the largest economy
BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... experiencing rising infections. A fact not lost on US Fed chair Jerome Powell. At a press conference following the 28-29 July FOMC meeting, Powell declared: "We have seen some signs in recent weeks that the increase in virus cases and the renewed measures ...
Chief economist update: The power of money (and a cure)
BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
... services pointed the finger on the Fed's gloomy outlook for the US economy (declared at the conclusion of its 9-10 June FOMC meeting) and the increasing likelihood of a second wave in America. I defended the Fed back then . Don't blame the Fed... ...
Chief economist update: The second wave
BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
... services point the finger on the Fed's gloomy outlook for the US economy (declared at the conclusion of its 9-10 June FOMC meeting) and the increasing likelihood of a second wave in America. Don't blame the Fed... Sure, the Fed has painted a ...
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