Powell Says Fed Waiting and Watching With Patience on Rates
Friday, 11 January 2019 04:06 WIB | FISCAL & MONETARY |The Fed

Federal Reserve Chairman Jerome Powell said the U.S. central bank can be patient before adjusting interest rates again as it waits to see how global risks impact the domestic economy.

œWe™re in a place where we can be patient and flexible and wait and see what does evolve, and I think for the meantime we™re waiting and watching, Powell said in a question-and-answer session Thursday at the Economic Club of Washington, D.C. œYou should anticipate that we™re going to be patient and watching, and waiting and seeing.

U.S. stocks turned lower after Powell said the central bank is sticking with its process of shrinking its balance sheet to a more normal level, which removes stimulus put into place to revive the economy following the financial crisis and recession a decade ago.

The balance sheet œwill be substantially smaller than it is now, though bigger than it was before the crisis, Powell said. He said he didn™t know the exact level.

Source : Bloomberg

RELATED NEWS

The RBA minutes: Board prepared to ease policy further if needed to support growth, jobs
Tuesday, 15 October 2019 08:06 WIB

The Reserve Bank of Australia came with the Minutes for the RBA Board's 1 October meeting. Members commenced their discussion of global economic conditions by noting that heightened policy uncertainty was affecting international trade and business investment. This had continued to be apparent in a ...

ECB Meeting Account Shows Officials Far Apart on Stimulus
Thursday, 10 October 2019 19:52 WIB

European Central Bank officials were far apart on the elements of the monetary stimulus package that led to public acrimony after last month™s decision. The account of the Sept. 11-12 meeting showed some members of the Governing Council were ready to back an even deeper cut in interest rates...

FOMC minutes: Most fed policymakers believed 25 basis point cut needed
Thursday, 10 October 2019 01:22 WIB

According to the minutes from the Federal Open Market Committee's (FOMC) September 17-18 monetary policy meeting, most policymakers believed that a 25 basis points rate cut was needed citing economic outlook, risk management and inflation objectives. The US Dollar Index largely ignored the statemen...

Powell Speech: Fed's Strategy And Tools Have Been, And Remain, Effective
Wednesday, 9 October 2019 22:25 WIB

While speaking to a group of local business and community leaders at the Federal Reserve System™s Fed Listens program, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, repeated that the Fed's strategy and tools have been, and remain, effective. "It's important for the...

Breaking: Fed's Powell says there is no reason why expansion can't continue
Wednesday, 9 October 2019 03:19 WIB

While responding to questions from the audience following his prepared speech at an event organised by the National Association of Business Economists in Denver, Federal Open Market Committee (FOMC) Chairman Jerome Powell said that there was no reason why the monetary expansion could not continue. ...

ANOTHER NEWS
Hong Kong stocks closed higher (Review)
Thursday, 17 October 2019 03:54 WIB Hong Kong shares closed higher on Wednesday, in line with a rally across Asia and after shrugging off a mid-morning drop when the city's leader was forced to briefly abandon a policy speech owing to heckling by opposition lawmakers.The Hang Seng...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.