READ MORE...Reserve Bank Cuts Interest Rates By 0.25%Hockey Talks Of Economic Reform In Speech To London Institute October 13, 2014G20 Finance Ministers And Central Bank Governors Meeting Concludes In Cairns September 21, 2014National Accounts For June Quarter Show Growth At 3.1% September 3...
Earlier this week, China announced a series of new measures to boost the economy and revive its ailing property sector. The central bank lowered bank reserve requirements by 0.5% as of Friday. It also has slashed interest rates on its loans to commercial banks and lowered the minimum down pay...
Arguably the most significant lesson is that future Governors should intervene with monetary policy far less than he did Read Memo The RBA’s mistake was cutting the Cash Rate By cutting too far the RBA helped create high inflation. Normalising interest rates is the economically prudent response....
Jerome Powell took office as chairman of the Board of Governors of the Federal Reserve System in February 2018, for a four-year term ending in February 2022. His term as a member of the Board of Governors will expire January 31, 2028. Born in Washington D.C., he received a bachelor’...