Page 12 - Jerome Powell

Are equity markets pricing in rupee weakness and related risks?

Analysts say equity markets will begin baking in the negatives and weakness in the rupee if the US Fed chief Jerome Powell delivers a hawkish commentary at Jackson Hole later this week

Analysts turn cautious on Asian markets; India remains an outlier

Indian markets, analysts believe, are an outlier and can still justify expensive valuations amid a likely recovery in corporate earnings going ahead

Top headlines: FPIs stay invested in Indian equities, Fed might hike rate

Business Standard brings you the top headlines at this hour

Fed readies another rate hike in pivotal week for major central banks

Both Fed Chair Jerome Powell and ECB President Christine Lagarde have warned that inflation remains too high, forcing them to raise borrowing costs further

Fed may tighten financial rules after US bank failures, says Powell

Federal Reserve Chair Jerome Powell said Thursday that the central bank may have to tighten its oversight of the American financial system in the wake of the failure of three large US banks this spring. Powell said in prepared remarks delivered at a banking conference in Madrid that tougher regulations put in place after the 2007-2008 financial crisis have made large multinational banks much more resilient to widespread loan defaults, such as the bursting of the housing bubble that led to that crisis. But the collapse of Silicon Valley Bank, Signature Bank and First Republic Bank exposed different vulnerabilities that the Fed will likely address through new proposals, Powell said. He did not provide details, but other Fed officials have said banks should be required to hold more capital in reserve to guard against loan losses. Such proposals are likely to face resistance from the banking industry and some congressional Republicans, who argue that the Fed had the necessary tools to

2% inflation far: Jerome Powell signals two straight interest rates hikes

Lagarde also talks tough, says not seeing enough sign of drop in inflation

Interest rate hikes will come at a 'careful pace' from here: Fed's Powell

Powell did not specify his own view on when and how high rates should move. Most policymakers see at least two more quarter-point rate increases by the end of this year

Bitcoin breaches $30k-mark fuelled by Powell's comments, spot ETF filings

US Fed chair Jerome Powell on Wednesday said they see 'payment stablecoins as a form of money'

Rupee bounces back on strong FPI inflows, settles at 82.04 against dollar

India's GDP growth rose sharply to 6.1 per cent in January-March from 4.5 per cent in October-December

Dollar firm ahead of Powell testimony, sterling falls after inflation data

The dollar rose 0.5% against the Japanese yen to 142.15 per dollar after Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank would maintain its ultra-loose monetary policy

Unlikely that the RBI will precede the US Fed in pivoting to a rate cut

RBI Guv Das needs to keep financing conditions easier to aid growth, while also maintaining adequate rate differential to attract foreign portfolio flows

As Fed Reserve signals rate pause, Powell will have to placate hawks

Policymakers are expected to leave rates in a range of 5% to 5.25% at their June 13-14 meeting, allowing them to take stock of the outlook following recent strains in the banking sector

Powell signals a rate pause in June, says Fed can afford to watch data

Officials raised rates by a quarter percentage point earlier this month to a target range of 5 to 5.25 per cent and signaled they could pause. They next meet June 13-14

How US banks, Fed are prepping for default and the chaos which might follow

A severe and prolonged global economic recession would be all but guaranteed, and the reputation of the US and the dollar as beacons of stability and safety would be further tarnished

Powell faces lowest public confidence for Fed chairman on record: Gallup

A Gallup poll released Tuesday shows 36% of US adults say they have a "great deal" or a "fair amount" of confidence that Federal Reserve chairman would do or recommend the right thing for the economy

Credit crunch, El Nino & DC deadlock to challenge Powell's recession bet

In Powell's view, the gravity-defying strength of American labor markets is smoothing the way for a soft landing, even after five percentage points of interest-rate hikes in little over a year

Powell's playbook

Fed is striving to maintain a fine balance

Will review supervision of Silicon Valley Bank after collapse: US Fed

The Federal Reserve will review its supervision of Silicon Valley Bank after it collapsed in the second-largest US bank failure on record, the Fed announced Monday. Michael Barr, the Fed's vice chair for supervision, will lead the effort, the Fed said in a brief statement. Chair Jerome Powell said the central bank would conduct a thorough, transparent, and swift review. In a statement, Barr said: We need to have humility, and conduct a careful and thorough review of how we supervised and regulated this firm, and what we should learn from this experience. Depositors withdrew savings and investors broadly sold off bank shares Monday as the federal government raced to reassure Americans that the banking system was secure after two bank failures fed fears that more financial institutions could fall. President Joe Biden insisted that the system was safe after the second- and third-largest bank failures in the nation's history happened in the span of 48 hours. In response to the crisis,

SVB crisis: Depositors to get access to 'all of their money' from today

SVB crisis: To allay the fears, a joint statement was issued by the Joe Biden administration stating that resolution will 'fully protect all depositors' and 'no losses will be borne by the taxpayer'

Dollar holds near three-month highs on rates outlook by Jerome Powell

The yuan weakened after the government reported unexpectedly low inflation