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Showing 1 - 10 of 74 results for "Jerome Powell"

US inflation drops to 8.5%

CASSANDRA BALDINI  |  THURSDAY, 11 AUG 2022
... releases between now and then, including another non-farm payrolls release and another CPI release, and Fed chair Jerome Powell pointed to data being the key driver of quantum of future rate hikes at their last meeting. These will be very closely monitored ...

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... 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 current picture ...

Inflation a greater danger than recession: Powell

ANDREW MCKEAN  |  THURSDAY, 30 JUN 2022
Federal Reserve chair Jerome Powell flagged that the US Federal Reserve had to raise rates rapidly to mitigate higher inflation, even if that increased recession risks. Speaking at the European Central Bank Forum in Portugal, Powell said: "Our aim is ...

US Fed indicates several more half-percentage rate rises

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
... employment and inflation at the rate of two percent over the longer run." Also, in an unusual step, Federal Reserve chair Jerome Powell directly also addressed the US on the central banks plan to tame inflation in a post-meeting news conference. GSFM ...

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
... 0.5%, the most aggressive interest rate increase in over 20 years. In his opening statement, Federal Reserve chair Jerome Powell said: "Inflation is much too high, and we understand the hardship it is causing, we're moving expeditiously to bring it back ...

US stocks crumble after Jerome Powell's hawkish comments

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
From its daily peak, the SP500 index fell 2.61% after Federal Reserve chair Jerome Powell flagged aggressive rate hikes. At an International Monetary Fund panel discussion, Powell said: "It is appropriate, in my view, to be moving a little more quickly." ...

Economic recap: Week to December 10

BENJAMIN ONG  |  MONDAY, 13 DEC 2021
... China's second biggest property developer - debt problems. Not even the Fed. In his press conference, chairman Jerome Powell intimated that: "In terms of the implications for us, there isn't, there's not a direct United States exposure. The ...

Fed to ban policymakers stock, bond trading

JAMIE WILLIAMSON  |  FRIDAY, 22 OCT 2021
... senior officials maintain a single-minded focus on the public mission of the Federal Reserve," Federal Reserve chair Jerome Powell said. The restrictions will be incorporated into the Fed's rules and policies in the coming months and follow recent scandals ...

Economic recap: Week to September 24

BENJAMIN ONG  |  MONDAY, 27 SEP 2021
... property developer - debt problems. Then again, the Fed was never worried about it. In his press conference, chair Jerome Powell intimated that: "In terms of the implications for us, there isn't, there's not a direct United States exposure. The ...

Economic recap: Week to August 27

BENJAMIN ONG  |  MONDAY, 30 AUG 2021
... symposium was, for the first time in history, held virtually. On 27 August 2020 at the Hole, US Federal Reserve chair Jerome Powell virtually buried the Philips Curve - the inverse correlation between inflation and the unemployment rate - by announcing ...
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