Saturday, 18 August 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Fed's Powell Says Central Bankers Facing a `Challenging Moment'
Friday, 25 May 2018 20:46 WIB | FISCAL & MONETARY |The Fed

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 "critically important to provide transparency and accountability."

Declaring "there can be no macroeconomic stability without financial stability," Powell spent much of his speech discussing regulatory and supervisory policies without commenting on the Fed™s monetary stance or his economic outlook.

"In the financial stability realm, the case for enhanced transparency is not just about being accountable; it is also about providing credible information that can help restore and sustain public confidence in the financial system," he said. Powell was appearing on a panel at a Riksbank conference with the Bank of England Governor Mark Carney, European Central Bank Executive Board member Benoit Coeure, and Agustin Carstens of the Bank for International Settlements.

Powell's remarks come against the backdrop of a global populist backlash that contributed to the election victory of U.S. President Donald Trump and has most recently propelled a euro-skeptic coalition to power in Italy.

Powell also addressed the topic of central bank independence, warning that its absence in the past has led to episodes of runaway inflation. It also, he said, imposed responsibilities on central bankers to stick to their legal mandates.

Source : Bloomberg

RELATED NEWS
Carney Says Chance of a No-Deal Brexit Is `Uncomfortably High'...
Friday, 3 August 2018 14:48 WIB

Mark Carney dirinya ikut kembali ke debat Brexit, mengatakan kesempatan Inggris untuk keluar dari Uni Eropa tanpa kesepakatan adalah "sangat tinggi." Intervensi menunjukkan Gubernur Bank of England (...

Bank of England raises key lending rate to 0.75%...
Thursday, 2 August 2018 18:21 WIB

Bank of England pada Kamis ini, seperti yang diharapkan, menaikkan suku bunga bank sebesar 25 basis poin, atau seperempat persentase poin, menjadi 0,75%. Sembilan anggota Komite Kebijakan Moneter mem...

Fed holds interest rates steady, signals another hike coming soon...
Thursday, 2 August 2018 01:19 WIB

Federal Reserve mempertahankan kebijakan suku bunga stabil pada hari Rabu sementara ini  menandakan pihaknya melihat kenaikan suku bunga lainnya kemungkinan akan terjadi secepatnya pada September...

Kuroda Pushes Through Changes to Stay the Course for Longer Haul...
Tuesday, 31 July 2018 14:16 WIB

Gubernur Bank of Japan (BoJ) Haruhiko Kuroda mendorong perubahan program stimulus moneter radikalnya seiring bank sentral mempersiapkan perjuangan yang lebih lama untuk memicu inflasi. Sementara menj...

BOJ Keeps Policy Rate, Allows Flexibility in Bond Operations...
Tuesday, 31 July 2018 11:24 WIB

Bank of Japan (BoJ) mempertahankan target imbal hasil obligasi dengan tenor 10-tahun pada sekitar nol persen, sambil mengatakan akan memungkinkan lebih banyak fleksibilitas dalam operasi obligasi, set...

LATEST NEWS
Dollar Slides, Headed For First Weekly Loss in a Month

The U.S. dollar looked listless on Friday, sliding against a handful of its major rivals but rallying against some emerging markets amid worries over further sanctions on Turkey. The ICE U.S. Dollar Index which measures the greenback against six...

Consumer Sentiment in U.S. Declines to Lowest in Almost a Year

U.S. consumer sentiment unexpectedly fell to the lowest level in almost a year amid less favorable views on purchasing big-ticket items and persistent concerns about trade tensions, a University of Michigan report showed Friday.  Sentiment...

U.S. Stocks Flat to Slightly Lower After Weak Earnings, Turkey Turmoil

U.S. stocks opened flat to slightly lower Friday, dinged after a round of disappointing corporate earnings and renewed pressure on Turkey's lira. The S&P 500 fell 0.1% to 2,837.54, while the Dow industrials were up 9 points, or less than 0.1%,...

POPULAR NEWS
Gold futures post lowest settlement in more than 1 1/2 years
Thursday, 16 August 2018 01:10 WIB

Gold futures on Wednesday finished at their lowest level in about 19 months amid a widespread downdraft in the metals market as the U.S. dollar...

Gold Stuck Below $1,200 as Dollar Climbs; Platinum Low
Wednesday, 15 August 2018 09:14 WIB

Gold remains stuck below $1,200 for a third day as the dollar climbs. Bullion for immediate delivery -0.2% to $1,192.34/oz by 9:14am...

Gold prices sink to 19-month low amid strong dollar
Thursday, 16 August 2018 09:00 WIB

Gold prices shed over one percent on Thursday to hit their lowest in more than 19 months, with the U.S. dollar holding steady near a recent peak as...

Oil Drops for a Third Day as a Report Shows U.S. Stockpiles Rose
Wednesday, 15 August 2018 08:57 WIB

Oil slid for a third day as industry data was said to show American stockpiles increased and as Libya ramps up its crude output, potentially...