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Showing 1 - 10 of 141 results for "US 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 ...

Economic recap: Week to September 10

BENJAMIN ONG  |  MONDAY, 13 SEP 2021
... That's about as clear as any central banker could put it. This is also a clear departure from former US Federal Reserve chair Alan Greenspan's double talk. Recall his words way back when: "I know that you believe you understand what you think ...

Economic recap: Week to August 27

BENJAMIN ONG  |  MONDAY, 30 AUG 2021
... time, the 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 ...

Chief economist update: USA Inc is under new management

BENJAMIN ONG  |  THURSDAY, 21 JAN 2021
... outlook for the US economy. The Biden administration has proposed a US$1.9 trillion COVID-19 relief plan. US Federal Reserve chair Jerome Powell assured markets that the central bank would not raise interest rates soon unless it foresees rising inflation ...

Chief economist update: Vaccine optimism sparks AUD resurgence

BENJAMIN ONG  |  WEDNESDAY, 18 NOV 2020
... and enticing investors to buy the Aussie dollar to avail of the premium. On August 27 at the Hole, the US Federal Reserve chair, Jerome Powell, virtually buried the Philips Curve - the inverse correlation between inflation and the unemployment rate - ...

Chief economist update: Fed heads for the mountain

BENJAMIN ONG  |  FRIDAY, 28 AUG 2020
... 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 that ...

Chief economist update: Cheaper prices not a bargain

BENJAMIN ONG  |  THURSDAY, 30 JUL 2020
... 0.05%. The Reserve Bank of Australia (RBA) has already stressed that it won't go negative but as US Federal Reserve chair Jerome Powell reiterated overnight: "The path of the economy will depend significantly on the course of the virus."

Chief economist update: Not easy easing restrictions

BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
... in May. We have entered an important new phase and have done so sooner than expected." This was what US Federal Reserve chair Jerome Powell declared before the Committee on Financial Services of the House of Representatives two weeks ago (30 June). True ...
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