2018-02-27 09:35:00 Tue ET
federal reserve monetary policy treasury dollar employment inflation interest rate exchange rate macrofinance recession systemic risk economic growth central bank fomc greenback forward guidance euro capital global financial cycle credit cycle yield curve
Fed's new chairman Jerome Powell testifies before Congress for the first time. He vows to prevent price instability for U.S. consumers, firms, and financial institutions by gradually raising interest rates to contain inflation. Stock market observers and commentators warn of the key Yellen-Powell regime switch from dovish to hawkish monetary policy decisions.
However, Powell seeks to balance the need to guard against excessive inflation with the real benefits of allowing the U.S. economy to enjoy the tailwinds of Trump fiscal stimulus, economic output expansion, employment, and steady wage growth. The Federal Reserve now explores whether the U.S. unemployment rate can fall to the lowest range of 3.8% to 4.1% in 17 years before inflation starts to accelerate. In accordance with Powell's congressional testimony, the Federal Reserve’s main monetary policy instruments include its gradual upward interest rate adjustment, balance sheet shrinkage, and 2% symmetric core CPI inflation target.
Powell confines his testimony to the dual mandate of both maximum employment and price stability with minimal discussions of distributional economic inequality issues in America. With respect to financial regulation, Powell expects to roll back at least some of the stricter Dodd-Frank rules and stress tests on large banks and other financial institutions.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2019-08-08 09:35:00 Thursday ET
Kobe Bryant and several other star athletes have been smart savvy investors. In collaboration with former Web.com CEO Jeff Stibel, the NBA champion invests
2017-01-23 09:30:00 Monday ET
There are several highlights from the first news conference after Trump's presidential election victory: The Trump administration will repeal-and-
2018-05-01 11:38:00 Tuesday ET
America and China play the game of chicken over trade and technology, whereas, most market observers and economic media commentators hope the Trump team to
2023-05-27 11:30:00 Saturday ET
Bank failure resolution and financial risk management: Silicon Valley Bank, Signature Bank, and First Republic Bank. What are the main root cau
2019-02-02 11:36:00 Saturday ET
The Trump administration teams up with western allies to bar HuaWei and other Chinese tech firms from building the 5G high-speed infrastructure due to natio
2019-08-03 09:28:00 Saturday ET
U.S. inflation has become sustainably less than the 2% policy target in recent years. As Harvard macro economist Robert Barro indicates, U.S. inflation has