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Search ResultsShowing 1 - 10 of 100+ results for "US Federal Reserve"
Key finance figures in Biden Cabinet
ELIZA BAVIN  |  TUESDAY, 19 JAN 2021
... 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 of the White House Council of Economic Advisers during the Clinton administration. Yellen ...
Chief economist update: Fed acts with inaction
BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
... Fed's final act for the pandemic year 2020 was inaction. At the conclusion of its December FOMC meeting, the US Federal Reserve said: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects it will ...
Chief economist update: Vaccine optimism sparks AUD resurgence
BENJAMIN ONG  |  WEDNESDAY, 18 NOV 2020
... level that is. The Australian currency rose to around this level back in late-August/early-September after the US Federal Reserve announced a shift into a lower for longer strategy - suggesting that Australian interest rates would be at a premium over ...
Chief economist update: We're not there yet
BENJAMIN ONG  |  FRIDAY, 13 NOV 2020
... bankers at the annual ECB Forum on Central Banking 2020, held online on November 11-12. The head honchos of the US Federal Reserve, European Central Bank and the Bank of England's collective and cautionary missive comes amid a backdrop of recent ...
Chief economist update: More money for reimposed lockdown
BENJAMIN ONG  |  FRIDAY, 6 NOV 2020
"Money, money, money Always sunny..." - ABBA The US presidential election remains undecided. The US Federal Reserve met and decided to keep the status quo - the complete opposite of the happenings on the other side of the Atlantic where both fiscal ...
Chief economist update: Not out of the woods
BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
... does Wall Street even care whether a stimulus deal is signed today, tomorrow or never? The short answer is the US Federal Reserve remains unconvinced. Fed chair Jerome Powell thinks there's still a long way to go before the economy fully recovers ...
Westpac puts Australia on bad banking leaderboard
ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
... its risk of money laundering in its Baltic operations. CitiGroup was served a cease and desist order from the US Federal Reserve for falling short of risk management and internal controls. The order requires CitiGroup to correct practices and the bank ...
Chief economist update: Zero beyond 2023
BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
The US Federal Reserve's new monetary policy 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 ...
Dividends ripe for the picking
ANNABELLE DICKSON  |  TUESDAY, 1 SEP 2020
... well on the back of global economic concerns and the immense amount of money printing being undertaken by the US Federal Reserve," Hamson said. In addition, consumer staple stocks like Woolworths and Wesfarmers performed well throughout the pandemic ...
Chief economist update: Fed heads for the mountain
BENJAMIN ONG  |  FRIDAY, 28 AUG 2020
... year due to the pandemic - produced another significant shift in US monetary policy. On August 27 at the Hole, US Federal Reserve chair virtually buried the Philips Curve - the inverse correlation between inflation and the unemployment rate - by announcing ...
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