By Reuters and published by Msn.com WASHINGTON – Federal Reserve Chair Jerome Powell closed out eight years as head of the US central bank on Wednesday (Feb. 29) with interest rates on hold, rising concern about inflation, and an announcement that he would stay on as a Fed governor for now to defend the
Tag: reserve
Divided Fed lowers rates, signals pause and one 2026 cut as growth rebounds
By Reuters and published by CNA New York – The Federal Reserve cut interest rates on Wednesday (Dec. 10) in another divided vote, but signalled it will likely pause further reductions in borrowing costs as the US central bank looks for clearer signals about the direction of the job market and inflation that “remains
Read moreUS Fed starts easing path, other major central banks on hold
By Reuters and published by Yahoo!Finance London –The US Federal Reserve has delivered its first rate cut since December, diverging from most other major central banks that have kept interest rates unchanged. The Bank of England kept rates steady on Thursday (Sep. 18) and the Bank of Japan is expected to follow on Friday,
Read morePolling agency urged to suspend Sawaeng over senatorial rigging scandals
By Thai Newsroom Reporters THE ELECTION COMMISSION was today (March 19) appealed to indefinitely suspend the polling agency’s secretary-general Sawaeng Boonmee from work, pending probe into duty-negligence charges filed against him. A group of reserve senators today petitioned Election Commission Chair Itthiporn Boonprakhong to indefinitely suspend Sawaeng from performing his official duties, pending the
Read morePowell says Federal Reserve is more confident inflation is slowing to its target
By AP and published by Yahoo!Finance Washington – Chair Jerome Powell said on Monday (July 15) that the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point. “We’ve had three better
Read moreFed wants ‘flexibility’ on rates as inflation remains key focus, minutes show
By Reuters and published by US News & World Report Washington – All officials at the Federal Reserve’s Dec. 13-14 policy meeting agreed the US central bank should slow the pace of its aggressive interest rate increases, allowing them to continue increasing the cost of credit to control inflation but in a gradual way
Read moreBaht at its weakest point in 6 years as Fed’s aggressive rate hike looms
THE BANK of Thailand is keeping a close eye on the Thai baht which touched its weakest exchange rate to the US dollar today (June 15) as global markets brace for the sharpest rise in US interest rates in almost 30 years with the Federal Reserve taking action to halt rising inflation, INN News
Read morePareena deprived of MP status, banned for life from politics
By Thai Newsroom Reporters OUTSPOKEN PALANG PRACHARATH MP Pareena Kraikupt was today (Apr. 7) deprived by court of her MP status and banned for life from politics due to deliberate encroachment upon a forest reserve in Ratchaburi. The Supreme Court finally ruled Pareena, who has been suspended from doing legislative duties since last year, guilty
Read more