Tortuously slow recoveries from recessions and low inflation are here to stay unless policymakers can get a better grip on how to stabilise the global economy in an era of lower interest rates, a top Federal Reserve policymaker said yesterday.
"Experience teaches us that it is better to prepare for the future than wait too long," New York Fed President John Williams said in remarks prepared for delivery at a policy conference in Zurich, Switzerland.Lower birthrates are keeping population growth down in the world's wealthier economies and technological advancement has shifted down to more normal levels. Each trend is capping how much economies can grow, Mr Williams said.
The lower growth leads to less investment and ageing populations in those advanced economies increases savings. Lower demand for and a higher supply of savings has reduced the"neutral" level of interest rates around the world that would, in theory, not restrict or heat up the economy.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock prices and debt loads among risks: FedWASHINGTON: The US central bank warned on Monday of persistent risks to the financial system posed by elevated stock prices and historically high corporate debt loads as well as the impact of President Donald Trump's trade wars. But major banks and insurance companies...
Source: thenewpaper - 🏆 7. / 63 Read more »
Fed officials see risks in weaker inflation expectations, trade rowA drop in the consumer outlook for inflation and intensifying trade tensions drew caution from Federal Reserve officials on Monday as policymakers ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China ‘fed up’ with complaints from US about Belt and RoadBEIJING: China is 'fed up' with hearing complaints from the United States about its Belt and Road programme to re-create the old Silk Road, the government said yesterday, following stinging criticism from US Secretary of State Mike Pompeo. The initiative, a key thrust of...
Source: thenewpaper - 🏆 7. / 63 Read more »
China says 'fed up' with hearing US complaints on Belt and RoadChina is 'fed up' with hearing complaints from the United States about its Belt and Road programme to re-create the old Silk Road, the government ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China 'fed up' with US complaints on Belt and Road InitiativeBEIJING (REUTERS) - China is 'fed up' with hearing complaints from the United States about its Belt and Road programme to re-create the old Silk Road, the government said on Thursday (May 9), following stinging criticism from US Secretary of State Mike Pompeo.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Tariff tumult boosts view that Federal Reserve may cut US rates[MERIDIAN] US President Donald Trump's decision to jack up tariffs on goods from China fuelled market bets Friday that the Federal Reserve will cut interest rates later this year, with one Fed policymaker suggesting he could be receptive if economic data deteriorates. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Fed's Williams says policymakers need to better prepare for lower interest rate worldTorturously slow recoveries from recessions and low inflation are here to stay unless policymakers can get a better grip on how to stabilize the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
No change to CPF interest rates, HDB mortgage rate for July-SeptemberINTEREST rates for all Central Provident Fund (CPF) accounts, along with the HDB mortgage rate, will remain the same from July 1 to Sept 30, the CPF Board and the Housing Board said on Wednesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
CPF, HDB mortgage interest rates unchanged for third quarter of 2019SINGAPORE: Central Provident Fund (CPF) members will continue to earn interest at 2.5 per cent per annum on their Ordinary Account (OA) and at 4 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hyflux announces third potential investor, with letter of interest to acquire overseas assetsHyflux has received a non-binding letter of interest from a potential investor, the water treatment firm said on Wednesday (May 15) in an update ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Etihad interested in re-investing in India's Jet subject to conditionsEtihad Airways is interested in re-investing in embattled Indian carrier Jet Airways for a minority stake, subject to certain conditions, a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »