Federal Reserve chairman Jerome Powell announces the Fed’s decision to raise interest rates by a quarter of a percentage point at a news conference on Wednesday. Powell said the policy rate was now at ‘the lower end of neutral’, implying that it could peak soon, and the path of future rises is likely to be even more gradual. Photo: EPA-EFE
Tai Hui
Opinion

Opinion

Macroscope by Tai Hui

For central banks in 2019, the catchword is caution

  • Tai Hui says now more than at any time in the past few years, central bankers will need to scrutinise and respond closely to evolving economic data, and be aware that any miscommunication could adversely affect economic growth

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Federal Reserve chairman Jerome Powell announces the Fed’s decision to raise interest rates by a quarter of a percentage point at a news conference on Wednesday. Powell said the policy rate was now at ‘the lower end of neutral’, implying that it could peak soon, and the path of future rises is likely to be even more gradual. Photo: EPA-EFE
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