Trump added that he didn’t think Powell, who he has sparred with in the past over interest rate levels, would go quietly
Jerome Powell
Latest in Jerome Powell
Jerome Powell
A surprise dovish stand by US Fed could trigger risk-on sentiment across asset classes: Saxo Bank
US Fed chairman Powell is to address media on Wednesday
Central Bank of Bahrain
Gulf central banks follow US Fed move to raise interest rates to curb inflation
The Federal Reserve announced a consecutive 0.75 percentage point interest rate hike – in a bid to rein in inflation and avoid recession
Central Bank
UAE Central Bank follows US Fed’s biggest interest rate hike since 1994 to rein in rising inflation
High inflation imposes significant hardship, especially on those least able to meet the higher costs of essentials like food, housing, and transportation, the US central bank chairman said
bank loans
What will impact UAE consumers more: Rising interest rates or higher prices due to inflation?
The US Federal Reserve’s “aggressive rate hike” is in line with efforts to stop the economy from overheating and reduce inflation that is running at its highest levels in four decades, experts said
CBUAE
UAE Central Bank’s move to raise rates will “increase profitability for banks, lenders” and will help contain inflation: experts
Given the UAE economy’s impressive recovery from the pandemic, and the significant rise in oil prices, the impact of a rate hike on economic growth could be limited in the near term, experts said
consumer behaviour
Opinion: Fed interest rate cut and expected rate adjustments moving forward
Federal Reserve didn’t surrender to White House pressure
Financial Services
Chartering a better course: Sunil Kaushal, Standard Chartered
With oil price and stock market turbulence, the last few years have been challenging for the banking sector but Sunil Kaushal, Standard Chartered’s regional CEO for Africa and the Middle East, believes things have turned a corner and the outlook is bright, bar any unexpected surprises
Donald Trump
More interest rate rises likely in Gulf after US Fed comments
US Federal Reserve chairman Jerome Powell plans continued interest rate increases, which are normally followed by most countries in the Gulf region
Economic activity
Fed leaves key rate unchanged with economy growing at ‘strong rate’
UAE interest rates unchanged following Fed decision