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Search ResultsShowing 1 - 10 of 100+ results for "Janet Yellen"
Chief economist update: Be afraid of inflation expectations
BENJAMIN ONG  |  FRIDAY, 14 MAY 2021
... higher than the Fed's first QE taper in 2013, its rate hike campaign between 2017 and 2019 and when then Fed chair Janet Yellen announced the first interest rate hike since the global financial crisis of 2009 in December 2016. These countermeasures ...
Chief economist update: Bad news is good news is back
BENJAMIN ONG  |  MONDAY, 10 MAY 2021
... unemployment rate ticked up to 6.1% in April from 6.0% in the previous month. Fortunately for US Treasury Secretary Janet Yellen, she was quick to walk back her talk at the "Future Economic Summit" suggesting that interest rates may need to rise to avoid ...
Chief economist update: Powell said, Yellen said
BENJAMIN ONG  |  WEDNESDAY, 24 MAR 2021
The monetary and fiscal masters of the US of A fronted the Senate Banking Committee - as required under the March 2020 COVID-19 relief law - singing a rendition of Louis Armstrong's What a Wonderful World . In his testimony, Federal Reserve chair ...
Chief economist update: The US inflation dilemma
BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... "Anything worth doing is worth overdoing. Moderation is for cowards." - Shane Patton Did current US Treasury Secretary Janet Yellen (under Biden's administration) just call former US Secretary Lawrence Summers (under Clinton's) a coward? I refer of course ...
Chief economist update: USA Inc is under new management
BENJAMIN ONG  |  THURSDAY, 21 JAN 2021
... foresees rising inflation or imbalances in the economy. In her confirmation hearing, US Treasury Secretary nominee Janet Yellen declared that with interest rates at historic lows, the smartest thing is to "act big" on COVID-19 relief to shore up the ...
Key finance figures in Biden Cabinet
ELIZA BAVIN  |  TUESDAY, 19 JAN 2021
... veterans nominated to help his administration lead the nation. The first, and most notable in the economics world is Janet Yellen, whom Biden has nominated to lead the US Treasury. Yellen is the former US Federal Reserve governor. She was also the chair ...
Chief economist update: Cash is King
BENJAMIN ONG  |  WEDNESDAY, 19 JUN 2019
... reduced opportunities to grow export orders." Sure, sure, as one FOMC member (I couldn't remember who, or was it Janet Yellen?) once blurted out, we decide on domestic monetary policy based on our domestic conditions and outlook, not on global circumstances. ...
Chief economist update: Another year over, a new one begins
BENJAMIN ONG  |  MONDAY, 7 JAN 2019
... other than Fed chairman Jerome Powell understands this. In a joint interview with his predecessors - Ben Bernanke and Janet Yellen - at the American Economic Association's annual meeting in Atlanta on 4 January 2019, Powell declared: "With the muted ...
Chief economist update: Dot tales
BENJAMIN ONG  |  THURSDAY, 22 MAR 2018
... and that China is already considering slapping higher tariffs on US agricultural exports. Once again, ex-Fed chief Janet Yellen's caution come to mind: "As I have noted on previous occasions, participants' projections for the federal funds rate, including ...
Chief economist update: Plotting the dots
BENJAMIN ONG  |  MONDAY, 19 MAR 2018
... 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 funds rate, including ...
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