Sunday, 20 October 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Powell says August job report is sign of continued strength in labor market, doesn't see a recession
Saturday, 7 September 2019 01:23 WIB | FISCAL & MONETARY |ECONOMIC

Federal Reserve Chairman Jerome Powell said Friday afternoon that the most recent monthly gauge of the U.S. labor market fit into an overall picture of a healthy jobs market and economy.

In a question-and-answer session in Zurich, Powell said the outlook for the economy remains favorable, describing the future as one likely to reflect continued moderate economic expansion.

Powell said the central bank is œnot forecasting or expecting a recession.

Repeating his message from Jackson Hole, Wyoming, Powell said there are œsignificant downside risks facing the economy and said the Fed is going to monitor all these factors.

In one comment that some watchers could interpret as dovish, or accommodative, Powell said the Fed was worried about inflation getting too low, suggesting that the central bank may act to bolster stubbornly low inflation.

Asked specifically about possible interest-rate cuts, Powell said he only wanted to say that the Fed œwould act as appropriate to sustain the expansion.

Source : MarketWatch

RELATED NEWS
The RBA minutes: Board prepared to ease policy further if needed to support growth, jobs...
Tuesday, 15 October 2019 08:06 WIB

The Reserve Bank of Australia came with the Minutes for the RBA Board's 1 October meeting. Members commenced their discussion of global economic conditions by noting that heightened policy uncertaint...

ECB Meeting Account Shows Officials Far Apart on Stimulus...
Thursday, 10 October 2019 19:52 WIB

European Central Bank officials were far apart on the elements of the monetary stimulus package that led to public acrimony after last month™s decision. The account of the Sept. 11-12 meeting ...

FOMC minutes: Most fed policymakers believed 25 basis point cut needed...
Thursday, 10 October 2019 01:22 WIB

According to the minutes from the Federal Open Market Committee's (FOMC) September 17-18 monetary policy meeting, most policymakers believed that a 25 basis points rate cut was needed citing economic ...

Powell Speech: Fed's Strategy And Tools Have Been, And Remain, Effective...
Wednesday, 9 October 2019 22:25 WIB

While speaking to a group of local business and community leaders at the Federal Reserve System™s Fed Listens program, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, r...

Breaking: Fed's Powell says there is no reason why expansion can't continue...
Wednesday, 9 October 2019 03:19 WIB

While responding to questions from the audience following his prepared speech at an event organised by the National Association of Business Economists in Denver, Federal Open Market Committee (FOMC) C...

LATEST NEWS
Hong Kong, Shanghai stocks end with losses (Review)

Shares in Hong Kong and Shanghai sank on Friday after data showed China's economy growing at its slowest pace for almost 30 years. The Hang Seng Index fell 0.48 percent, or 128.91 points, to 26,719.58. The benchmark Shanghai Composite Index fell...

Dow Industrials End 1% Lower as Boeing, J&J Shares Exact More Than 220-Point

U.S. stocks finished near their lows of the session on Friday, with declines in Johnson & Johnson and Boeing Co. delivering the lion's share of the pain for the Dow industrials. The Dow closed off 255 points, or 0.9%, at 26,770. Dow components...

Oil Retreats, Contributing to a Weekly Loss as China Data Revive Worries About Demand

Oil futures finished lower on Friday, giving up earlier gains to build a loss for the week, as data showing slower Chinese economic growth fed worries about weaker demand for oil and a recent report revealed a fifth consecutive weekly rise in U.S....

POPULAR NEWS
Gold Edges Up as Geopolitics Take Control of Trade
Friday, 18 October 2019 03:38 WIB

Investors managed to push gold higher Thursday instead of completely embracing risk, as doubts remained about whether the U.K. will get parliament...

Gold steady as Brexit deal lifts stocks, pressures dollar
Friday, 18 October 2019 08:47 WIB

Gold prices held steady on Friday after Britain managed to eke out a deal for its exit from the European Union, lifting risk appetite, while a...

Gold Steady Ahead of Brexit Talks; Weak US Data Lends Support
Thursday, 17 October 2019 17:15 WIB

Gold prices were nearly steady on Thursday as traders refrained from making any big bets in the absence of fresh developments on the Sino-U.S. trade...

European stocks lower ahead of UK lawmakers' crucial Brexit deal vote; Autos down 2.3%
Friday, 18 October 2019 14:26 WIB

European stocks opened lower Friday morning as traders seek signals as to whether a Brexit deal agreed between the U.K. and EU will pass muster with...