Sunday, 31 May 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Breaking: Fed's Powell says there is no reason why expansion can't continue
Wednesday, 9 October 2019 03:19 WIB | FISCAL & MONETARY |Federal Reserve

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) Chairman Jerome Powell said that there was no reason why the monetary expansion could not continue.

With the initial market reaction, the US Dollar Index retreated from its session highs and was last up 0.16% on the day at 99.14.

"The Fed will use rate cuts, forward guidance, and QE as appropriate," Powell added. "The short-term yield curve control is something that is worth looking at."

Source : FXstreet

RELATED NEWS
Powell Says The Fed is 'Days Away' from Making The First Loans in The Main Street Lending Facility...
Friday, 29 May 2020 22:56 WIB

Federal Reserve Chairman Jerome Powell said the central bank's long-awaited program to lend to small- and medium-sized businesses is about to get off the ground. The Main Street lending facility, whi...

RBA : Australia Economic Downturn To Be Less Severe Than Initially Feared...
Thursday, 28 May 2020 10:06 WIB

Australia™s central bank chief said on Thursday that better-than-feared health outcomes from the COVID-19 pandemic suggest the country™s economic downturn will likely not be as severe as earlier t...

RBA's Lowe: Australian financial system is resilient and is well placed to deal with COVID-19...
Thursday, 21 May 2020 09:53 WIB

Reserve Bank of Australia (RBA) Governor Philip Lowe is on the wires now, via Reuters, speaking on a panel at FINSIA's "The Regulators" Webinar. "Australian financial system is resilient and is well ...

Fed Officials Discuss How to Convince Markets That Interest Rates Will Stay Low For a Long Time...
Thursday, 21 May 2020 02:33 WIB

Federal Reserve officials in April discussed the next phase of interest rate policy ”convincing markets that rates will stay low for a long time ” but gave no sense than any changes were imminent....

Mnuchin Defends U.S. Fiscal Response to Pandemic, Seeks Payroll Loan Extension...
Wednesday, 20 May 2020 02:20 WIB

U.S. Treasury Secretary Steven Mnuchin on Tuesday defended the Trump administration™s fiscal response to the coronavirus pandemic and told senators he was willing to consider extending and modifying...

LATEST NEWS
Hong Kong stocks end week with more losses (Review)

Hong Kong stocks finished with more losses Friday as traders nervously await Donald Trump's news conference, in which he will set out the US response to China's plans to impose a security law on the financial hub. The Hang Seng Index fell 0.74...

Stocks Erase Early Losses to End Mixed as Trump Refrains From Tearing Up U.S.-China Trade Deal

Stocks reversed early losses to post a mixed finish Friday, capping a strong weekly and monthly performance, after President Donald Trump announced a series of measures aimed at punishing China over its treatment of Hong Kong but refrained from...

U.S. oil futures reverse course to finish higher, climb 88% for the month

U.S. oil futures reversed course to finish higher Friday, getting a boost as traders eye developments tied to Hong Kong related tensions between the U.S. and China, and as another drop in U.S. oil rigs suggested further domestic production...

POPULAR NEWS
Gold prices settle slightly higher Thursday
Friday, 29 May 2020 01:18 WIB

Gold prices notched a slight gain Thursday as investors focused on intensifying friction between the U.S. and China. Continued concerns about...

Hong Kong stocks hit by China-US stand-off (Review)
Friday, 29 May 2020 03:31 WIB

Hong Kong stocks sank Thursday as traders grow increasingly worried about the impact on the city's future from a US decision to revoke its...

Gold prices rise as Hong Kong dispute riles China-U.S. ties
Thursday, 28 May 2020 16:43 WIB

Gold prices on Thursday recovered after touching a two-week low the previous session, as the rift between Washington and Beijing over Hong Kong...

Gold Prices Head Higher as China-U.S. Tensions Spur Haven Buying
Thursday, 28 May 2020 20:25 WIB

Gold futures rose on Thursday as China-U.S. tensions remained in focus, driving haven buying on Wall Street. Elevated animosities between Beijing...