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Asian shares rise on dovish Fed chair

Alun John, Reuters
Posted at Aug 30 09:23 AM

Asian shares started the week with gains and the dollar was not far off two-week lows. Read more »

Fed to meet as inflation, virus variants complicate US recovery

Chris Stein, Agence France-Presse
Posted at Jul 25 11:09 AM

As rising prices and the spread of new COVID-19 variants increase risks to the US economy, Federal Reserve officials are expected to maintain their easy money policies intended to help American companies and workers survive the pandemic damage.   Read more »

Delta variant spread could delay Fed policy shift: BSP chief

Warren de Guzman, ABS-CBN News
Posted at Jul 15 05:06 PM

The spread of COVID-19’s delta variant could delay moves by the US Federal Reserve to shift monetary policy, the head of the Bangko Sentral ng Pilipinas said on Thursday. Read more »

Hefty reserves to shield Philippines from US Fed actions: BSP

ABS-CBN News
Posted at Jul 12 01:03 PM

An interest rate hike by the US Federal Reserve will not pressure the Philippines due to its heft dollar reserves and other foreign exchange sources, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday.   Read more »

Digital currency craze might be like bad fashion fad: US Fed vice chair

Agence France-Presse
Posted at Jun 29 09:03 AM

When it comes to the fleeting craze over baggy parachute pants in the 1980s the consequences are "merely puzzling or embarrassing," but with a currency it could be more serious. Read more »

Fed chairman's testimony shows Biden's economic plan working: White House

Reuters
Posted at Jun 23 09:15 AM

Congressional testimony from Federal Reserve Board Chairman Jerome Powell on Tuesday shows that President Joe Biden's economic plan is working, a White House official said. Read more »

As Fed taper looms, global central banks eye their own exits from stimulus

Leika Kihara, Mfuneko Toyana and Karin Strohecker, Reuters
Posted at Jun 10 01:08 PM

The more vulnerable emerging market central banks, such as Brazil, Ghana and Armenia, have already started their tightening cycle on rising inflation pressures.  Read more »

Philippines 'ready' if US increases interest rates: central bank

ABS-CBN News
Posted at Jun 08 10:41 AM

The Philippines is ready should the United States increase its interest rates, the central bank said Tuesday. Read more »

Oil hovers near 13-month highs as storm hits US output, Fed assures rates staying low

Julia Payne, Reuters
Posted at Feb 25 07:32 PM

Oil prices extended gains for a fourth session on Thursday to reach the highest levels in more than 13 months, underpinned by an assurance that US interest rates will stay low, and a sharp drop in US crude output last week due to the storm in Texas. Read more »

Mnuchin pulls plug on some pandemic lending programs that Fed considers essential

Howard Schneider and Ann Saphir, Reuters
Posted at Nov 20 09:41 AM

U.S. Treasury Secretary Steven Mnuchin said on Thursday that key pandemic lending programs at the Federal Reserve would expire on Dec. 31, putting the outgoing Trump administration at odds with the central bank and potentially adding stress to the economy as President-elect Joe Biden organizes his administration.  Read more »

Fed's Powell signals emergency credit programs should be extended

Howard Schneider and Ann Saphir, Reuters
Posted at Nov 18 09:04 AM

Federal Reserve Chair Jerome Powell said on Tuesday it was not time to shut down emergency programs aimed at battling the economic fallout from the coronavirus pandemic, with cases again surging and the economy left with "a long way to go" to recover. Read more »

White House sees Senate 'yes' for Fed pick Shelton

Reuters
Posted at Nov 17 08:35 AM

Outgoing President Donald Trump’s controversial pick for the U.S. Federal Reserve, his former economic adviser Judy Shelton, drew opposition from a third Republican senator even as the White House said it still expected the Senate to confirm her. Read more »

Fed keeps policy steady as Biden inches closer to victory

Howard Schneider, Ann Saphir and Jonnelle Marte, Reuters
Posted at Nov 06 08:32 AM

The Federal Reserve kept its loose monetary policy intact on Thursday and pledged again to do whatever it can in coming months to sustain a U.S. economic recovery losing speed amid a spreading coronavirus pandemic and facing uncertainty over a still-undecided presidential election.  Read more »

Split on applying new framework, Fed struggles over economic outlook as well

Howard Schneider and Ann Saphir, Reuters
Posted at Oct 08 09:24 AM

U.S. Federal Reserve policymakers split over how to apply a new strategy for monetary policy at their September meeting, and, amid growing doubts about the path of the economy, offered no clear sense of their next steps to offset the coronavirus recession. Read more »

Fed's appetite for further easing, higher inflation in focus

Ann Saphir, Reuters
Posted at Oct 07 02:26 PM

The U.S. Federal Reserve last month signaled that interest rates are likely to stay at zero through 2023, vowing to wait on rate hikes until inflation reaches 2 percent and is set to rise moderately above that level for a time. Read more »

US economy to recover only when people feel 'safe' from virus: Powell

Agence France-Presse
Updated as of Sep 22 08:39 AM

The US economy will only recover from the coronavirus downturn when people feel safe to resume their normal activities, Federal Reserve Chair Jerome Powell said in remarks released Monday ahead of congressional testimony. Read more »

US Fed says outlook uncertain, stimulus 'essential'

Heather Scott, Agence France-Presse
Posted at Sep 17 09:02 AM

The Federal Reserve pledged Wednesday to keep boosting the US economy with low rates to help recover the tens of millions of jobs lost in the pandemic, but said additional help from the government will be key.   Read more »

Fed seeks to offer reassurance amid push for new US stimulus

Chris Stein, Agence France-Presse
Posted at Sep 16 09:59 AM

Armed with a new interest rate strategy, the Federal Reserve will seek to reassure the US economy rattled by the coronavirus downturn as it wraps up its policy meeting on Wednesday.   Read more »

Fed unveils major policy shift to maximize job growth

Heather Scott, Agence France-Presse
Posted at Aug 28 09:04 AM

The US central bank rolled out a major policy change on Thursday that gives greater weight to its mission of maximizing employment for the benefit of lower income families, while ratcheting back its emphasis on fighting inflation.  Read more »

Fed keeps rates unchanged as US recovery depends on stopping virus, govt relief

Agence France-Presse
Posted at Jul 30 08:40 AM

The resurgence in coronavirus cases in recent weeks is weighing on US economic activity, and a recovery will depend both on checking the virus and government aid, Federal Reserve Chair Jerome Powell said Wednesday. Read more »