Federal Reserve Chairman Jerome Powell said Thursday that the U.S. economy was hit by a severe œconfidence shock in May from which it has only partly recovered. œYou saw business confidence surveys¦quite negative, fairly broadly, Powell said, in testimony to the Senate Banking Committee. œSome of that has recovered, but only after the Fed œstepped forward and said it was willing in lower interest rates, Powell said. The Fed chairman™s comments answer the question of why the central bank seems poised to ease monetary policy as soon as the end of the month. In his...

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Federal Reserve Chairman Jerome Powell said central banks shouldn't take their independence for granted at a time when trust in public institutions is at "historic lows," requiring extra effort to explain both their monetary and regulatory policies. "This is a challenging moment for central banking," Powell said in the text of a speech prepared for delivery Friday in Stockholm. It is...

Federal Reserve officials in their meeting in early May confirmed they planned to raise interest rates in June and were not concerned they were behind the curve on inflation. "Most participants judged that if incoming information broadly confirmed their economic outlook, it would likely soon be appropriate for the FOMC to take another step in removing policy accommodation," the minutes said....

Emerging market economies should be able to manage as advanced economies move toward tighter monetary policy, said Federal Reserve Chairman Jerome Powell, on Tuesday. Appearing on a panel at a conference sponsored by the Swiss National Bank in Zurich, Powell said the role of U.S. monetary policy in driving global financial conditions and capital flows "is often overstated." The pickup in both...

Federal Reserve officials left interest rates unchanged, acknowledging inflation is close to target without indicating any intention to veer from their gradual path of interest-rate increases. œInflation on a 12-month basis is expected to run near the committee's symmetric 2 percent objective over the medium term, the policy-settingFederal Open Market Committee said in a statement...

Australia left its key interest rate unchanged at a record lowTuesday -- as expected -- amid the slowing of a hiring boom. Reserve Bank Governor Philip Lowe kept the cash rate at 1.5 percent, where it has stood since late 2016, as the central bank waits for inflation to strengthen. The nations jobs growth has declined to a three-month annualized pace of 1.2 percent in 2018...

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
Powell says the Fed is 'grappling' with whether to cut interest rates
Wednesday, 26 June 2019 00:28 WIB Federal Reserve Chairman Jerome Powell on Tuesday suggested an interest-rate cut in July, widely expected by investors and economists, is not a done...

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