Tag: Jerome Powell

• Tuesday, November 23rd 2021 - 20:01 UTC

  Biden endorses Powell for yet another term as Federal Reserve head

  

  US President Joseph Biden has announced he wanted Republican lawyer Jerome Powell to stay at the helm of the United States Federal Reserve (Fed) for a second four-year term.

• Monday, August 30th 2021 - 07:23 UTC

  US markets at new highs, following on the Fed's chair announcement

  

  Wall Street climbed on Friday while S&P and Nasdaq reached new historic highs for the fourth time in the week following on statements from Fed chairman Jerome Powell at the Jackson Hole symposium when he anticipated a moderate, non-aggressive calendar reduction in the purchase of bonds.

• Saturday, August 21st 2021 - 09:15 UTC

  Fed could announce this week the assets purchase reduction calendar

  

  The United States Federal Reserve could begin withdrawing economic stimuli sometime in the next four months and advances of such a program could be anticipated this week at the Jackson Hole central bankers meeting 26/27 August.

• Thursday, July 29th 2021 - 07:58 UTC

  Fed leaves rates unchanged but admits inflation could force a change of policy

  

  The United States Federal Reserve kept interest rates unchanged, close to zero, despite an inflation spike during June when it soared to an annual 5,4%, its highest in thirteen years.

• Thursday, June 24th 2021 - 03:04 UTC

  Dollar skids as Fed officials testify that stimulus tightening is “still quite a way off”

  

  With U.S. Federal Reserve officials including Chair Jerome Powell reaffirming that tighter monetary policy was still some way off, the US dollar slipped against major peers on Wednesday.

• Saturday, May 1st 2021 - 08:04 UTC

  US dollar stays on a slump in Uruguay

  

  The US dollar kept its downward trend against the Uruguayan peso Friday, closing at US $ 1 = UR $ 43.8 for interbank operations, it was reported. In Brazil, the exchange rate fell 0.7% Friday and stood at 5.44 R$ per dollar.

• Thursday, March 18th 2021 - 08:51 UTC

  Fed sees no interest rate hikes likely through 2023; US GDP expected to increase 6,5% in 2021

  

  The Federal Reserve on Wednesday sharply ramped up its expectations for economic growth but indicated that there are no interest rate hikes likely through 2023 despite an improving outlook and a turn this year to higher inflation.

• Monday, October 19th 2020 - 09:49 UTC

  IMF and top central bankers agree global economic recovery needs more public spending

  

  The International Monetary Fund said more public spending will be needed to complete the economic recovery from coronavirus, joining central bankers and finance leaders who are urging governments to set aside fears about mounting debt for now.

• Monday, May 18th 2020 - 08:15 UTC

  Fed chief forecasts US economy could easily contract 20 to 30% this quarter

  

  The business shutdowns caused by the coronavirus pandemic could “easily” cause the US economy to collapse by 20 to 30% this quarter, Federal Reserve Chair Jerome Powell said on Sunday. Data show more than 30 million jobs were destroyed in the world's top economy, as businesses were shuttered nationwide amid the efforts to stop the spread of COVID-19.

• Thursday, April 30th 2020 - 07:48 UTC

  US economy down 4.8% in first quarter and an “unprecedented” drop forecasted for the second quarter

  

  The U.S. central bank that has already slashed interest rates to zero reiterated on Wednesday they will stay there until the economy is clearly back on track. It has also rolled out around US$ 2 trillion in lending commitments, and Fed chief Jerome Powell said it was ready to do more as needed.