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Showing 1 - 10 of 36 results for "Fed chief"

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
... participants, it seems, paid closer attention to chair Jerome Powell's words this time. In his press conference, the Fed chief elaborated that: "As is evident in the SEP, many participants forecast that these favorable economic conditions will be ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
Ho-hum. So much for speculations 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 ...

Chief economist update: Wheels of US recession in motion

BENJAMIN ONG  |  THURSDAY, 22 AUG 2019
... The Independent, before the US recession of 2001. Before the 'Great Recession' of 2008, 'El Maestro' Fed chief Alan Greenspan testified before the US Congress in February 2005, where he effectively discounted the bond market as irrational ...

Chief economist update: ECB bids farewell to QE

BENJAMIN ONG  |  FRIDAY, 14 DEC 2018
... is falling" or utter Glum's (of Gulliver's Travels fame) "we're doomed, we'll never make it"? Even ex-Fed chief Ben Bernanke was oozing optimism months (or was it weeks?) before the global financial crisis hit. I apologise, I may have ...

Chief economist update: Submerging markets

BENJAMIN ONG  |  TUESDAY, 19 JUN 2018
When Fed chief Jerome Powell tried to explain the US yield curve's flattening as a function of rising short rates because of the rate hikes (and expectations for more) and a smaller lift in the long-term yields because of safe-haven buying, I questioned ...

Chief economist update: Fed flattens the yield curve

BENJAMIN ONG  |  THURSDAY, 14 JUN 2018
... announced the widely-anticipated 25 basis point hike in the fed funds rate to 1.75%-2% at its FOMC meeting and according to Fed chief Powell, "is another sign that the US economy is in great shape. Growth is strong. Labour markets are strong. Inflation ...

Chief economist update: Dot tales

BENJAMIN ONG  |  THURSDAY, 22 MAR 2018
... projected in December). Still, to quote Robert Burns, "The best laid out plans of mice and men often go awry." While Fed chief Powell noted that the potential for a trade war - sparked by Trump's tariff on steel and aluminium - has not been factored ...

Chief economist update: Plotting the dots

BENJAMIN ONG  |  MONDAY, 19 MAR 2018
... profitable) to know where the men and women of the FOMC are taking the fed funds rate going forward, innit? But as former Fed chief, Janet Yellen, oft-repeatedly warned: "As I have noted on previous occasions, participants' projections for the federal ...

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

BENJAMIN ONG  |  WEDNESDAY, 28 FEB 2018
"Stocks, Treasuries Sink on Hawkish Powell Remarks: Markets Wrap" Bloomberg's headline just about sums up last night's activity on Wall Street that saw the S&P 500 index drop by 1.3%; the yield on 10-year Treasuries climb by three basis points to 2.89% ...

Beige Book report delivers known knowns

BENJAMIN ONG  |  THURSDAY, 19 OCT 2017
... markets, speculators and investors to second-guess the Fed. No more Fedspeak - the term famously described in former Fed chief Alan Greenspan's quote, "I know you think you understand what you thought I said but I'm not sure you realise that what you ...
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