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Fed seen to keep rates steady despite virus uncertainty

Heather Scott, Agence France-Presse
Posted at Jan 29 10:52 AM

The US economy is on a steady though tepid growth path, but the outbreak of the novel coronavirus that has spread to other countries has fueled concerns it could slow growth in China and the effects will spill over to the global economy. Read more »

Fed faces new trade-offs, hunts for new model, in low-rate world

Howard Schneider and Ann Saphir, Reuters
Posted at Jan 06 08:16 AM

An unprecedented combination of low US unemployment, weak inflation and low interest rates has the US Federal Reserve grappling with how to fight the next recession, as experts debate new approaches to financial regulation as well as a fuller overhaul of Fed strategy.  Read more »

Former US Fed Chairman Paul Volcker dies at 92

Agence France-Presse
Posted at Dec 09 11:38 PM

Former US Federal Reserve Chairman Paul Volcker, who tackled American inflation in the 1970s and '80s and later leant his name to landmark Wall Street reforms, died Sunday, according to media reports. Read more »

Trump urges ‘big’ rate cut as Fed faces challenges

Jeanna Smialek, The New York Times
Posted at Sep 17 07:51 AM

The central bank’s leadership is under immense political pressure from Trump, who denounces its reluctance to slash rates more aggressively on Twitter almost daily. Read more »

PH shares slip ahead of MSCI rebalancing, Powell speech

ABS-CBN News
Posted at Aug 22 11:33 PM

Philippine shares came back from Wednesday's holiday feeling not so invigorated.  Read more »

Markets register a shock, but is Trump right to blame the Fed?

Howard Schneider, Reuters
Posted at Aug 15 08:53 AM

It takes a lot to kill an economic expansion, typically requiring a major shock to bring growth to a halt and trigger a US recession.   Read more »

Trump: Fed 'must cut rates bigger and faster'

Agence France-Presse
Posted at Aug 07 10:27 PM

US President Donald Trump on Wednesday continued to hammer the Federal Reserve, demanding more stimulus to boost the economy as the 2020 elections approach. Read more »

Peso poised to strengthen further as dollar weakens: analyst

ABS-CBN News
Updated as of Jul 18 03:35 PM

The local unit may reach P50 to a dollar, as the market expects another 25-basis point rate cut by the Fed by the end of July, BDO Unibank chief strategist Jonas Ravelas told ANC. Read more »

Peso hovers near 18-month high as dollar weakens

ABS-CBN News
Updated as of Jul 16 07:01 PM

The Philippine peso on Tuesday was at its strongest since January 2018 as the US dollar weakens amid expected monetary policy easing by the Federal Reserve. Read more »

US Fed calls for Facebook to halt Libra project until concerns addressed

Pete Schroeder and Trevor Hunnicutt, Reuters
Updated as of Jul 11 08:04 AM

WASHINGTON - US Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin.   Read more »

Fed's Powell: Uncertainties continue to weigh on US economy

Agence France-Presse
Posted at Jul 10 10:00 PM

In his highly-anticipated testimony to Congress, Powell said many central bankers believed the case for lower rates "had strengthened" last month given the rising "crosscurrents" in the economy. Read more »

Powell says Fed is insulated from US political pressure

Reuters
Posted at Jun 26 01:29 AM

NEW YORK - Federal Reserve Chairman Jerome Powell on Tuesday said the US central bank is "insulated from short-term political pressures," as policymakers faced new calls by President Donald Trump to cut interest rates. Read more »

Trump, despite solid US growth, says Fed should fire up crisis-era stimulus

Howard Schneider, Reuters
Updated as of Apr 15 08:14 AM

President Donald Trump said on Sunday that actions by the US Federal Reserve have nicked US economic growth and stock market gains by perhaps 30 percent, and that it should begin pumping money into the economy as it did during the 2007-2009 recession.  Read more »

Philippine growth seen 'fairly decent' in 2019: JP Morgan

ABS-CBN News
Updated as of Feb 21 10:56 AM

A less hawkish Fed and a weakening dollar will be "positive" for emerging markets like the Philippines, said Ian Hui, global market strategist for JP Morgan Asset Management. Read more »

Trump blasts Fed as 'only problem' in US economy, markets down again

Jason Lange, Reuters
Posted at Dec 25 09:11 AM

President Donald Trump blasted the Federal Reserve on Monday, describing it as the "only problem" for the US economy, as top officials convened to discuss a growing rout in stock markets caused in part by the president's attacks on the central bank. Read more »

US Fed raises interest rates, sees 'some further' hikes ahead

Reuters
Posted at Dec 20 03:18 AM

WASHINGTON - The US Federal Reserve raised interest rates on Wednesday, as expected, but forecast fewer rate hikes next year and signaled its tightening cycle is nearing an end in the face of financial market volatility and slowing global growth. Read more »

PH shares snap 3-day losing streak ahead of US Fed policy decision

ABS-CBN News
Posted at Dec 19 11:11 PM

The US Federal Reserve meeting is affecting local market sentiment as Philippine shares jumped above 7,500.  Read more »

Asian markets tumble amid global economic headwinds

ABS-CBN News
Posted at Dec 19 12:32 AM

Concerns of a US Federal Reserve rate hike put local investors on edge as Philippine shares fall for the third straight session. Read more »

From Jakarta to Buenos Aires, the world feels Fed's sting

Tabita Diela, Gabriel Burin and Jonathan Spicer, Reuters
Posted at Dec 18 05:15 PM

By raising interest rates and shedding its own asset holdings, the Fed makes US government bonds more appealing relative to riskier overseas investments. This effectively tilts the playing field against emerging markets by boosting demand for dollars at the expense of other currencies. Read more »

The US Federal Reserve: How does it work?

Agence France-Presse
Updated as of Oct 12 07:23 AM

The US Federal Reserve is subject to intense scrutiny by governments and investors worldwide since its decisions can ripple throughout the global economy. But how does it really work? Read more »