In remarks prepared for delivery to the Joint Economic Committee of Congress on Wednesday, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, will reiterate that the baseline outlook for the US economy remains favourable and say that the monetary policy is likely to remain appropriate as long as incoming data broadly remains consistent with the Fed's economic outlook. These remarks don't seem to be having a noticeable impact on the greenback's valuation with the US Dollar Index clinging to modest daily gains above the 98.30 mark. Below are some additional...

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While speaking to a group of local business and community leaders at the Federal Reserve Systems 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 Fed to keep inflation around the target so there is room to move monetary policy and to keep...

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. With the initial market reaction, the US Dollar Index retreated from its session highs and was...

Australia's central bank lowered interest rates for the third time this year as it tries to shield the economy from a slew of offshore risks, and signaled it could ease even further. Reserve Bank chief Philip Lowe reduced the cash rate by 25 basis points to 0.75%, as predicted by money markets and most economists, bringing the lower bound of policy into view and raising the...

The Bank of Japan (BOJ) Governor Kuroda is on the wires now, via Reuters, making a scheduled speech at the annual meeting of securities firms, in Tokyo. Key Quotes: Japans domestic demand remains resilient. Japans economy is expanding moderately as trend. Expect inflation to gradually pick up toward target. Downside risks for inflation outlook are high. Watching carefully how global...

In his speech titled 'An Economic Update' to the Armidale Business Chamber, Reserve Bank of Australia (RBA) Governor Philip Lowe reiterated that further monetary easing could be required. "The Board is prepared to ease monetary policy further if needed to support growth, employment, inflation goals," Lowe said ahead of next week's monetary policy meeting. "It's likely an extended period of low...

FISCAL
No-Deal Brexit Riskiest For Financial Stability: BoE's Carney
Monday, 25 February 2019 18:17 WIB Bank of England Governor Mark Carney said on Monday that the possibility of Britain leaving the European Union next month without a transition deal...
MONETARY
BOJ Maintains Key Interest Rates and Forward Guidance
Tuesday, 30 July 2019 10:06 WIB Bank of Japan maintains 10-year JGB yield target at about zero percent after ending a two-day meeting on Tuesday. Keeps policy balance rate at...

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