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Showing 1 - 10 of 281 results for "Federal Reserve chair"

Powell backflips on rates pushing back RBA cut expectations

ELIZA BAVIN  |  WEDNESDAY, 17 APR 2024
US Federal Reserve chair Jerome Powell has changed his tune over the possibility of upcoming interest rate cuts, which means it could be an even longer wait here in Australia. Powell said recent US inflation data had not given policymakers enough confidence ...

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

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
... patiently await interest rate cuts, with the US central bank indicating they should arrive this year. Now US Federal Reserve chair Jerome Powell has confirmed the bank is targeting a rate cut "at some point this year". "Powell reiterated that the better ...

US Federal Reserve eyes multiple interest rate cuts this year

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... anticipated, but economic growth and the labour market are stronger-essentially, a soft landing," Shah said. US Federal Reserve chair Jerome Powell downplayed the importance of recent inflation prints, and instead referred to the expected inflation path ...

Inflation data not encouraging: Powell

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
Federal Reserve chair Jerome Powell has repeated the commitment to reducing inflation to 2% and maintaining a restrictive policy until this goal is reached. In a speech on Thursday, Powell told the Economic Club of New York that the September inflation ...

US Federal Reserve hikes interest rates

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
... years. The central bank's decision comes as part of its ongoing commitment to slaying high inflation. Federal Reserve chair Jerome Powell emphasised the difficulties faced by Americans due to high inflation and reinforced the central bank's determination ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... intensified by the upheavals in the US banking market in March 2023." US Treasury Secretary Janet Yellen and Federal Reserve chair Jerome Powell showed their support for the new entity, which is expected to create a business with more than US$5 trillion. ...

US interest rates may go higher than expected: Powell

CASSANDRA BALDINI  |  THURSDAY, 9 MAR 2023
Interest rates may well be higher than previously anticipated following stronger economic data, said Federal Reserve chair Jerome Powell before the House Financial Services Committee. Providing testimony yesterday, Powell explained the Fed will continue ...

Federal Reserve raises rates 0.75%

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
... target. Following the central bank's decision, the federal funds rate benchmark sits between 3.75% and 4%. Federal Reserve chair Jerome Powell said the Fed is moving its policy stance purposefully to a level that will be sufficiently restrictive to return ...

Federal Reserve bumps interest rate by 0.75%

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2022
... 4.25%-4.5% by early next year before taking a U-turn in policy. Meanwhile, Barclays Research said: "With [Federal Reserve chair Jerome] Powell suggesting a high bar for slowing the pace of hikes, we now expect another 150bp on top of September's ...

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... basis points to 2.5% and indicated further increases will likely be appropriate. Explaining the decision, Federal Reserve chair Jerome Powell said: "From the standpoint of our congressional mandate to promote maximum employment and price stability, the ...
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