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Jerome Powell
US Economy
Most Fed officials seek to slow pace of interest-rate hikes soon
In another revelation, Fed staff told officials that their assessment of the risks of a recession had grown to almost 50-50.
November 24, 2022
US Economy
US inflation to pose fresh test for Powell's Fed
Policy makers are already signaling that rates may peak at a higher level than previously assumed.
November 06, 2022
Global Economy
Briefs: Smaller rate hikes expected ahead, says Fed chair Powell
In other news, MAS's Ravi Menon says Singapore can absorb record inflows of new money; DBS to tap into new digital asset platform.
November 03, 2022
US Economy
Tough-talking Powell wipes out US$59 bil from biggest fortunes
The S&P 500 Index fell 2.5% on Wednesday, the biggest decline since Oct 7, after the Fed released its policy statement.
November 03, 2022
US Economy
Powell signals recession may be price to pay for crushing inflation
Powell's admission that there will be below-trend growth for a period should be translated as central bank speak for ‘recession'.
September 22, 2022
US Economy
Fed delivers third-straight big hike, sees more increases ahead
The US Fed has raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6% in 2023.
September 22, 2022
US Economy
Fed to hike and hammer home hawkish message
"They have been behind the curve systematically. They have to think getting in front of the curve would be good.”
September 21, 2022
US Economy
Fed tilts toward third 75 basis-point hike on stubborn inflation
A case can be made for going even bigger. But there are persuasive arguments for not delivering a shock 100 basis-point increase
September 18, 2022
Global Economy
Jerome Powell to the rest of the world: drop dead
Abandon hope all who enter here.
September 18, 2022
US Economy
Powell abandons soft landing goal as he seeks growth recession
Stock prices have swooned since the Fed chair vowed to do what it takes to rid the economy of too-high inflation.
September 01, 2022