by AIP Online Bureau | May 4, 2023 | Eco/Invest/Demography, International News
Fed Chair Jerome Powell The change doesn’t foreclose the central bank’s policy-setting committee from hiking rates again when it meets in June, but Fed Chair Jerome Powell said it was now an open question whether further increases will be warranted in an...
by AIP Online Bureau | Mar 22, 2023 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy
Jerome Powell, Chair of the Federal Reserve The move set the U.S. central bank’s benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage...
by AIP Online Bureau | Mar 12, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation
Regulators discussed the new special vehicle in conversations with banking executives, according to people familiar with the matter. The hope is that setting up such a vehicle would reassure depositors and help contain any panic, said the people. They asked not to be...
by AIP Online Bureau | Mar 7, 2023 | Eco/Invest/Demography, International News, Policy
Federal Reserve Chair Jerome Powell “From a broader perspective, inflation has moderated somewhat since the middle of last year but remains well above the FOMC’s longer-run objective of 2 percent,” Powell said in his prepared remarks released in Washington. Federal...
by AIP Online Bureau | Sep 21, 2022 | Eco/Invest/Demography, International News, Policy
Officials expect the benchmark rate to rise to 4.4% by year end and 4.6% during 2023, according to the median estimate in updated quarterly projections published alongside the statement. That indicates a fourth-straight 75 basis-point hike could be on the table for...
