Federal Reserve Chairman Jerome Powell on Wednesday signaled that inflation is already the biggest enemy of the expansion of the US economy and the achievement of full employment, writes Bloomberg. By abruptly changing its position, the Fed is accelerating the end of its $ 120 billion-a-month bond-buying program and has unveiled a plan for several … Read more
Source: Reuters | Editor: Herlina Kartika Dewi KONTAN.CO.ID – WASHINGTON. The Federal Reserve said it will end its pandemic-era bond buying in March as its inflation target has been met, and pave the way for a three-quarter percentage point increase in interest rates by the end of 2022 in line with the end of policies … Read more
Stock markets in New York closed on Monday with losses. Investors on Wall Street were cautious ahead of the Federal Reserve’s rate decision later this week. Uncertainty about the Omikron variant of the coronavirus also flared up again. Apple was in the spotlight as the tech company approached the $3 trillion market cap milestone, but … Read more
US President Joe Biden nominates Federal Reserve Chairman Jerome Powell for another four-year term. His opponent Lael Brainard is promoted to vice-chairman. – Biden argues that Powell and Brainard should focus on low inflation, stable prices and maximum employment. “Like me, they also believe that urgent action is needed to address the economic risks of … Read more
The biggest fear of the US central bank (Fed), and not only, is related to inflation. A collective move to look beyond the pandemic’s decline into the risk of accelerating inflation came with the Fed’s warning that it could soon start tightening its bond purchases, with the prospect of the Bank of England (BoE) raising … Read more
“The committee remains steadfast in its often stated commitment to support the economy, as long as it is needed to achieve a full recovery,” Federal Reserve Chairman Jerome Powell said during yesterday’s speech at the annual Jackson Hole conference. Although so-called “tapering” – phasing out of support purchases – may begin this year, the central … Read more
The Fed will phase out the $120 billion monthly monetary stimulus by the end of this year. There is no rate hike yet. – It is the speech at the financial high mass in Jackson Hole that is most anticipated every year, that of Jerome Powell, the chairman of the US central bank. Also on … Read more
ILLUSTRATION. Wall Street Reporter: Yudho Winarto | Editor: Yudho Winarto KONTAN.CO.ID – JAKARTA. Wall Street beamed with the S&P 500 and the Nasdaq hit record highs on Friday (27/8). Federal Reserve Chair Jerome Powell signaled the United States central bank will remain patient, trying to nurse the economy back to full employment. Launch Reuters At … Read more
The Bel20 was hit by 1.6 percent yesterday. Investors have questions. Is the fair party over? How big will the hangover be? And when will the next invitation arrive? – Investors were still enjoying the afterglow: the broad US stock market index S&P500 fourth this week the doubling since the corona valley. It seemed like … Read more
– Jerome Powell The US Federal Reserve chief said that interest rates would not be raised preventively for fear of inflation. – (Photo: AP) – – – – New York According to Fed Chairman Jerome Powell, the central bank will remain patient despite the soaring inflation in the US. Like the data on the labor … Read more