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Showing 1 - 10 of 10 results for "Fed Chairman Jerome Powell"

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
Wall Street benchmark equity indices closed on the up and up on May 7 - the Dow and the S&P 500 index even rallied new record highs -- the same day the US Bureau of Labor Statistics (BLS) revealed disappointing labour market stats. The US economy added ...

Chief economist update: Patience is the word

BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
... 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 achieve credibility ...

Chief economist update: The second wave

BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
... 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 uncertain ...

Chief economist update: Trump should read Frank

BENJAMIN ONG  |  MONDAY, 26 AUG 2019
... 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 situation. ...

Chief economist update: Cash is King

BENJAMIN ONG  |  WEDNESDAY, 19 JUN 2019
... 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, we've ...

Fed steady with a slight chance of a rate cut

BENJAMIN ONG  |  THURSDAY, 10 JAN 2019
I hear ya! US Fed Chairman Jerome Powell had already come out declaring something along these lines at his first outing for 2018. Still, it's more comforting to have all the members of the Federal Open Market Committee (FOMC) put their imprimatur in ...

Chief economist update: Another year over, a new one begins

BENJAMIN ONG  |  MONDAY, 7 JAN 2019
... neighbours languish. Sooner or later, it'll come back to bite Uncle Sam on his behind. None other than Fed chairman Jerome Powell understands this. In a joint interview with his predecessors - Ben Bernanke and Janet Yellen - at the American Economic ...

Chief economist update: Submerging markets

BENJAMIN ONG  |  MONDAY, 20 AUG 2018
... in activity and put more downward pressure on their currencies. It would be interesting to hear what Fed Chairman Jerome Powell thinks (and is prepared to do) to short circuit these shorting of emerging market currencies and equities at his Jackson Hole ...

Chief economist update: Minutes of concerns

BENJAMIN ONG  |  FRIDAY, 6 JUL 2018
... 'Twas a logical explanation at the time and is more or less is along the same line that current Fed Chairman Jerome Powell used - he claims that short term rates are rising because of the hikes and the smaller lift in the long-term yields to safe-haven ...

Chief economist update: Lessons from the last world trade war

BENJAMIN ONG  |  MONDAY, 25 JUN 2018
... expressed their concerns at the ECB Forum on Central Banking held at Sintra, Portugal on 18-20 June. US Fed Chairman Jerome Powell: "Changes in trade policy could cause us to have to question the outlook...We have a very wide range of contacts in the ...
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