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Showing 1 - 10 of 53 results for "Jackson Hole"

RBA anticipated to lift the cash rate

ANDREW MCKEAN  |  TUESDAY, 6 SEP 2022
... economist Mathew Peter said: "The RBA is now committed to lowering inflation, as are most other central banks. The Jackson Hole pronouncements have given the RBA little choice other than to raise rates by another 50 basis points at their September meeting ...

Economic recap: Week to August 27

BENJAMIN ONG  |  MONDAY, 30 AUG 2021
... "mission accomplished" in the planet's war against the COVID-19 pandemic, the Fed's annual Kansas City Fed's Jackson Hole symposium is the most widely anticipated event of this year. The mountain resort in Wyoming had, after all, been the ...

Chief economist update: Inflation scare

BENJAMIN ONG  |  THURSDAY, 13 MAY 2021
... inflation to achieving "achieve inflation that averages 2 percent over time" - announced on the 27 August 2020 at Jackson Hole. Finally, the financial markets' reaction to sooner-than-later Fed tightening could, in itself, fulfil the Fed's prophecy ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
... inflation to achieving "achieve inflation that averages 2 percent over time" - announced on the 27th of August 2020 at Jackson Hole and voila, we get the rationale for the "dot plot" that shows the FOMC participants' assessments of appropriate monetary ...

Chief economist update: Virus now, inflation later

BENJAMIN ONG  |  MONDAY, 25 JAN 2021
... down. The Feds' statements certainly make sense, particularly in light of the "new framework" it announced at the Jackson Hole symposium in August last year. The Fed is switching from a point target of 2% inflation to achieving "achieve inflation ...

Chief economist update: Zero beyond 2023

BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
... framework - lower interest rates for longer or average inflation targeting - (virtually) announced at the August 27 Jackson Hole Symposium is now live. The Fed kept policy settings unchanged at its 15-16 September FOMC meeting - the first since "the ...

Chief economist update: Fed heads for the mountain

BENJAMIN ONG  |  FRIDAY, 28 AUG 2020
"If the mountain will not come to Muhammad, then Muhammad must go to the mountain." True to its legend, the Jackson Hole symposium - online as it may be this year due to the pandemic - produced another significant shift in US monetary policy. On August ...

Chief economist update: Fed has Trump's trade war number

BENJAMIN ONG  |  MONDAY, 9 SEP 2019
... attacks on the Fed. The last, most significant one was right after US Federal chair Jerome Powell's speech at Jackson Hole: Trump let loose on Twitter, virtually naming Powell an enemy of the state, saying: "As usual, the Fed did NOTHING! It is incredible ...

Chief economist update: Trump should read Frank

BENJAMIN ONG  |  MONDAY, 26 AUG 2019
... week's trading. Was it due to disappointment over US Fed chair Jerome Powell's much-anticipated words at Jackson Hole being just a repetition of the Fed's recent mantra that it "will act as appropriate to sustain the expansion"? Nah, not ...

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 ...
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