Federal Reserve Chairman Jerome Powell

US Economy

Powell says Fed still has a 'ways to go' after half-point hike

The S&P 500 index dropped as investors digested the news.
Briefs: Powell aims for 'growth recession'; Silkroad Nickel to privatise - THE EDGE SINGAPORE

Global Economy

Briefs: Powell aims for 'growth recession'; Silkroad Nickel to privatise

"You’re just sitting around in this beta state, consuming stuff" - Mark Zuckerberg, founder of Meta Platforms, on watching TV.

US Economy

Powell's new guidance: higher rates for longer to beat inflation

Equity prices tumbled as the message was absorbed, with the S&P 500 closing 3.4% lower for its worst day since mid-June.

US Economy

Fed chair Powell has chance to reset market expectations at Jackson Hole

Powell is expected to re-state the Fed’s resolve to keep raising interest rates to get inflation under control.

US Economy

Powell finally has markets right where he wants them

Fighting inflation remains the Fed's top priority, and it won’t take kindly to traders undermining that goal.

Global Economy

Who's to blame for a recession: Biden or Powell?

When inflation is raging in an important election year, the best political move may be to outsource the fight to central banks.

Global Economy

Briefs: Wheat surges to highest since 2008 on fears of supply shortage

Quoteworthy: "I think we best prepare now with a longer runway." — Defence Minister Ng Eng Hen

US Economy

Trump ends stimulus talks, spurning Powell and roiling markets

Americans’ incomes fell by 2.7% in August as supplemental insurance benefits from the first round of stimulus expired.

US Economy

Fed chairman Powell warns of long recovery despite employment uptick

BOS Chief Economist Mansoor Mohi-uddin sees the Fed’s dovish outlook keeping US Treasury yields very low, supporting risks assets while weakening the US Dollar further.

Broker's Calls

Fed fine-tunes credit purchases but no credit expansion has taken place

“I don’t see us wanting to run through the bond market like an elephant snuffing out price signals, things like that.” - Jerome Powell, Federal Reserve Chairman