Tag - federal-reserve

 
 

FEDERAL RESERVE

The yen’s depreciation is largely down to the gap in interest rates between the U.S. and Japan. Therefore, U.S. Federal Reserve Chair Jerome Powell is, to all intents and purposes, “Mr. Yen.”
COMMENTARY / Japan
Jul 1, 2024
There’s a new 'Mr. Yen' in town
No matter what the Bank of Japan or the Finance Ministry do, ultimate control over the yen's value lies in the hands of U.S. Federal Reserve Chair Jerome Powell.
The Bank of Japan headquarters in Tokyo on June 12
BUSINESS / Markets
Jun 24, 2024
Yen nears lows as Bank of Japan leans dovish
The BOJ has suggested in recent weeks that it might not hurry in tightening monetary policy, unsettling the market.
U.S. Federal Reserve Chair Jerome Powell delivers remarks during a press conference following the announcement that the Federal Reserve left interest rates unchanged, in Washington on Wednesday.
BUSINESS / Markets
Jun 13, 2024
Fed leaves rates unchanged and says cuts delayed to possibly December
U.S. policymakers are content to leave rates where they are until the economy sends a clear signal that something else is needed.
The U.S. flag is magnified in Federal Reserve Bank Chair Jerome Powell's glasses during a news conference on May 1 in Washington. In his first term as U.S. president, Donald Trump broke with decades of precedent by openly attacking Powell, first for raising interest rates and then for not cutting them further.
BUSINESS / Economy
Jun 3, 2024
Traders and economists see Trump win as risk to Fed autonomy, survey shows
A push to roll back the central bank’s independence would likely rock financial markets, undermine investors’ faith and expose it to political pressure to cut interest rates.
One analyst said Japanese policymakers "hid the intervention well," pointing to the ways they may have used to fund currency interventions recently.
BUSINESS / Markets
May 6, 2024
Market hunts for signs of yen intervention in Fed accounts
Recent data suggests that Japanese policymakers may have funded currency interventions using a Fed facility where central banks stash overnight cash.
U.S. Federal Reserve Chair Jerome Powell holds a news conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington on Wednesday.
BUSINESS / Markets
May 2, 2024
U.S. market swings reveal inflation uncertainty ahead of key data
Some may be less likely to take the Fed chair at his word this time around after a dovish pivot in December was followed by months of upside surprises.
Then-U.S. President Donald Trump announces Jerome Powell as his nominee to become chairman of the U.S. Federal Reserve in the Rose Garden of the White House in Washington in November 2017.
BUSINESS / Economy / FOCUS
Apr 29, 2024
Trump’s economic confidants battle for sway on taxes and Fed policy
For months, the Trump campaign has been trying to rein in proposals from various factions with limited success.
The dollar's resurgence has come on the back of a slew of signs that the U.S. economy avoided the slowdown many anticipated.
BUSINESS / Markets
Apr 23, 2024
U.S. dollar’s extended reign delivers stark wake-up call to markets
Global investors are talking about "U.S. exceptionalism” after a predicted slowdown to the nation's economy didn't transpire.
U.S. Federal Reserve chair Jerome Powell laughs during the Macroeconomics and Monetary Policy Conference at the Federal Reserve Bank of San Francisco in San Francisco on Friday.
BUSINESS / Economy
Mar 30, 2024
Powell reiterates Fed doesn’t need to be in hurry to cut rates
Federal Reserve Chair Jerome Powell repeated that the U.S. central bank will await more evidence that inflation is contained before cutting rates.
An electronic board shows the rate of the yen versus the U.S. dollar in Tokyo on Feb. 26.
BUSINESS / Markets
Mar 2, 2024
Yen’s carry-trade reign in flux as BOJ hints at policy shift
As speculation builds that the BOJ will change its path, so does the potential for the yen to strengthen.
U.S. Federal Reserve chair Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington on Wednesday. Powell signaled that an interest rate cut as soon as in March is unlikely, as the central bank remains data-dependent when mulling its next steps.
BUSINESS / Economy
Feb 1, 2024
Fed cements pivot but pushes back on timing of cuts
Chair Jerome Powell said officials would move patiently and doused speculation that rate cuts would start at the next meeting.
Coming out of the pandemic, job vacancies were historically high in the U.S. because firms needed workers and could not find them.
COMMENTARY / World
Jan 23, 2024
This year will mark the end of the post-pandemic economy
The trade-off between bringing down inflation and harming growth will come back with a vengeance in the post-pandemic economy.
The Bank of Japan headquarters in Tokyo. BOJ Gov. Kazuo Ueda told lawmakers in parliament that his job was about to get even more "challenging” from the end of the year, adding to speculation of looming action by the central bank.
BUSINESS
Dec 15, 2023
BOJ set to stay outlier as 2024 hike seen in contrast to Fed
The Bank of Japan has become used to being a policy outlier over its decades-long quest to vanquish deflation. It’s likely to be no different in 2024.
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington on Wednesday. The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished, forecasting a series of cuts next year.
BUSINESS / Economy
Dec 14, 2023
Fed prepares to shift to rate cuts in 2024 as inflation eases
Updated quarterly forecasts showed Fed officials expect to lower rates by 75 basis points next year, a sharper pace of cuts than indicated in September.
Fresh U.S. data shows price pressures are easing and the labor market is gradually cooling, evidence that the slowdown the Federal Reserve has tried to engineer with its rate hikes to date is underway.
BUSINESS / Economy
Dec 1, 2023
U.S. Fed officials feel rate hikes likely done, but too soon to know
Models suggest Fed policy is the most restrictive it has been in 25 years, and it will probably need to stay restrictive for "quite some time."
The U.S. Federal Reserve building in Washington
BUSINESS / Economy
Sep 19, 2023
A strike, a shutdown and student loans may cool spending for Fed
Some economists say the resumption of student loan repayments for tens of millions of borrowers may already be reshaping behavior.
Jerome Powell, chairman of the U.S. Federal Reserve, from left, Kazuo Ueda, governor of the Bank of Japan (BOJ), and Christine Lagarde, president of the European Central Bank (ECB), walk the grounds at the Jackson Hole economic symposium in Moran, Wyoming, on Friday.
BUSINESS / Economy
Aug 28, 2023
At Jackson Hole, post-inflation challenges vex central bankers
The bankers stressed the need to keep interest rates high until inflation is contained, and wrestled with deep shifts that will make their jobs harder.
U.S. Federal Reserve Chairman Jerome Powell attends the Jackson Hole economic symposium in Moran, Wyoming, on Friday.
BUSINESS / ANALYSIS
Aug 26, 2023
Fed chief's 'higher for longer' mantra fans investor caution
Federal Reserve Chair Jerome Powell has left open the possibility of further rate increases and stressed the U.S. economy’s surprising strength.
The U.S. Federal Reserve building in Washington
BUSINESS / Economy
Aug 14, 2023
The Fed is playing a waiting game to try to avoid a recession
An increasing number of economists — including the Federal Reserve’s own staff — are predicting the U.S. will escape a recession.
Japan Times
BUSINESS / ANALYSIS
Jul 14, 2023
Tumbling U.S. dollar a boon to risk assets across the globe
The greenback's tumble has come as U.S. Treasury yields have eased in recent days, dulling the dollar's allure while boosting a wide range of other currencies.

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Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?