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Showing 1 - 10 of 190 results for "Fed Chair"

Powell confirms rate cuts likely 'at some point' this year

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
... interest rates will likely be cut at some point this year," Commonwealth Bank associate economist Harry Ottley said. "Fed chair Jerome Powell said policy makers need to 'have greater confidence that inflation is moving sustainably down' toward the 2% ...

RBA anticipated to delay interest rate cuts

ANDREW MCKEAN  |  TUESDAY, 6 FEB 2024
... Reserve (Fed) initiates its own cuts, which are not expected to start before May, in line with recent indications from Fed chair Jerome Powell against a March interest rate cut. Regarding today's RBA monetary policy meeting, a Finder survey of 27 ...

Inflation falls to 4.1%, RBA weighs rate cut

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
... target range until it gains greater confidence that inflation is moving sustainably toward 2%. During a press conference, Fed chair Jerome Powell pushed back against the idea of a policy rate cut in March, calling it "unlikely" as a result of the lingering ...

US inflation rises 3.2%

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... late July, the Fed raised the base rates by 0.25% to a range of 5.25% to 5.5% to continue its fight against inflation. Fed chair Jerome Powell said at the time that he is "squarely focused" on its dual mandate to promote maximum employment and stable ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... high. Overnight, the Fed announced rates would rise to a range of 5.25% to 5.5% to continue its fight against inflation. Fed chair Jerome Powell said the committee remains "squarely focused" on its dual mandate to promote maximum employment and stable ...

Federal Reserve holds rates steady

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... indicated that further hikes may be on the horizon. Principal Asset Management chief global strategist Seema Shah said: "Fed chair Jerome Powell emphasised that, while the committee thinks it will be appropriate to raise rates further, considering how ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... exposures to the Silicon Valley Bank failure. Early this morning, a joint statement from US Treasury secretary Janet Yellen, Fed chair Jerome Powell and Federal Deposit Insurance chair Martin Gruenberg announced all insured depositors in Silicon Valley ...

US inflation drops to 8.5%

CASSANDRA BALDINI  |  THURSDAY, 11 AUG 2022
... of key data releases between now and then, including another non-farm payrolls release and another CPI release, and Fed chair Jerome Powell pointed to data being the key driver of quantum of future rate hikes at their last meeting. These will be very ...

Economic recap: Week to December 10

BENJAMIN ONG  |  MONDAY, 13 DEC 2021
... didn't have that in 2020. So much so that, after insisting that the recent surge in inflation is "transitory" for months, Fed chair Powell (in his testimony before the US Congress at the end of November) declared that it's "probably a good time ...

Economic recap: Week to December 3

BENJAMIN ONG  |  MONDAY, 6 DEC 2021
... Reserve's recent change of tact. After insisting that the recent surge in inflation is "transitory" for months, Fed chair Powell (in his testimony before the US Congress at the end of November) declared that it's "probably a good time to retire ...
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