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Showing 1 - 10 of 99 results for "Fed Chairman"

Chief economist update: Deflated expectations lift deflation expectations

BENJAMIN ONG  |  THURSDAY, 10 JUN 2021
... country's consumer prices significantly beyond zero. In his press conference after the 27-28 April FOMC meeting, Fed Chairman Powell stated that, "Readings on inflation have increased and are likely to rise somewhat further before moderating. In ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
... stimulus. Yellen explained that she did not predict nor recommend a lift in interest rates and that she agreed with Fed Chairman Jerome Powell's view that while measured inflation has risen, it's likely to be temporary. One swallow does not a ...

Chief economist update: The pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2021
... money could flood the system and lift inflation. But have no fear, the Fed is here. In an exclusive, Reuters prints Fed Chairman Powell's letter to Senator Rick Scott that, "we are fully committed to both legs of our dual mandate - maximum employment ...

Chief economist update: Patience is the word

BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
... inflation averages 2% over time and longer-term inflation expectations remain well anchored at 2%. In the words of US Fed Chairman Jerome Powell: "We're going to be patient...We'll seek inflation moderately above 2% for some time...The way to ...

Chief economist update: The second wave

BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
... by 8.5% this year "if there is another virus outbreak later in the year". This is the numerical equivalent of what Fed Chairman Jerome Powell declared in his June 10 press conference: "The extent of the downturn and the pace of recovery remain extraordinarily ...

Chief economist update: Trump should read Frank

BENJAMIN ONG  |  MONDAY, 26 AUG 2019
... no prisoners" policy on trade (and even his own central bank), fasten your seatbelts and hang on to your toupees! Fed chairman Jerome Powell admitted as much at the Hole. "There are, however, no recent precedents to guide any policy response to the current ...

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 ...

Chief economist update: Cash is King

BENJAMIN ONG  |  WEDNESDAY, 19 JUN 2019
... 2.0-2.25%, and then a follow-up reduction to 1.75%-2% - with 49.6% probability from just 8.6% one month ago. How Fed chairman Jerome Powell prepares the world for an upcoming policy reversal - from onwards and upwards towards normalisation to whoops ...

Chief economist update: The Fed should act now

BENJAMIN ONG  |  FRIDAY, 29 MAR 2019
... inflation - core PCE price inflation reached a high of 2.6% in August 2006 - that seemingly gave credence to then Fed Chairman Alan Greenspan's rationale that the drop in US bond yields at the same time that fed funds rate were being raised - "interest ...

Chief economist update: A question of when?

BENJAMIN ONG  |  THURSDAY, 28 MAR 2019
... until July of the same year that again proved too late to staunch the great recession of 2008. The year before, then Fed Chairman Alan Greenspan called it the "interest rate conundrum" - a state where the long end isn't responding to the Fed's ...
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