Fed Chair Jerome Powell Shows Little Urgency to Lower Rates

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  Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further

  Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to push interest rates lower.
  
  NBC News - 1h

• How Jerome Powell testified on Capitol Hill

  Federal Reserve Chair Jerome Powell took questions from lawmakers on Capitol Hill and was grilled about Elon Musk's Department of Government Efficiency (DOGE) accessing the personal information of ...
  
  CBS News - 1h
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  Powell defends Fed’s authority over US monetary policy

  Central bank chief vows to ‘focus on the data’ rather than get dragged into political debates
  
  Financial Times - 1h

• Powell squashes the possibility that the Fed will develop its own digital currency

  Powell asserted Tuesday that the central bank will not develop its own digital currency as long as he is in charge.
  
  CNBC - 2h

• Fed Chair Jerome Powell testifying before Congress

  Federal Reserve chair Jerome Powell is testifying in front of lawmakers Tuesday where he's expected to face questions ranging from rate policies to the department's independence from President ...
  
  CBS News - 3h

• Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further

  Powell called the economy "strong overall" with a "solid" labor market and inflation that is easing but still above the Fed's 2% goal.
  
  CNBC - 2h

• 10-year yield rises for fourth session as Powell remains patient with rates

  U.S. government debt continued to sell off on Tuesday after Federal Reserve Chairman Jerome Powell expressed patience regarding future adjustments to the central bank’s main interest-rate target.
  
  MarketWatch - 3h

• Watch Fed Chair Powell testify live before the Senate Banking Committee

  Powell delivers his semiannual remarks on monetary policy and the economy this week on Capitol Hill.
  
  CNBC - 5h

• Minneapolis Fed's Kashkari expects lower interest rates later this year

  In a CNBC interview, the central bank official expressed confidence that inflation will continue to drift down to the Fed's 2% target.
  
  CNBC - 4d

More from The New York Times

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  Goldman Sachs Ditches Big Diversity Rule As Wall Street Backs off DEI

  Goldman Sachs will drop a demand that corporate boards of directors include women and members of minority groups as financial firms backpedal from D.E.I. promises.
  
  The New York Times - 1h
• 

  Trump Tariffs on Steel and Aluminum May Raise U.S. Manufacturing Costs

  Duties of 25 percent on steel and aluminum will flow through to car buyers, beer drinkers, home builders, oil drillers and other users of metal goods.
  
  The New York Times - 4h
• 

  How Trump’s Canadian Oil Tariff Would Hit U.S. Refineries

  The 10 percent tariff the president said he might impose in March could cause U.S. refineries to cut production and lead to higher prices.
  
  The New York Times - 9h
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  BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges

  The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production.
  
  The New York Times - 1h
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  Trump Imposes 25% Tariffs on Steel and Aluminum From Foreign Countries

  The president imposed a 25 percent tariff on global metals, repeating a move from his first term. Economists and foreign governments know what will come next.
  
  The New York Times - 18h

More in Business

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  Marc Fogel released from Russia after talks with Trump envoy

  White House claims detained teacher was freed after ‘show of good faith’ by Moscow
  
  Financial Times - 7m

• Oil is up for a third straight session as traders weigh impact of tariffs and sanctions

  Oil futures finished higher for a third straight session on Tuesday as traders weighed the supply and demand impacts of President Donald’s Trump’s tariff strategy and sanctions on Iran and Russia.
  
  MarketWatch - 10m

• Elon Musk turns his sights to Social Security. Could he cut it?

  For tens of millions of Americans, Social Security is the most vital federal program of all
  
  MarketWatch - 11m

• How Trump’s trade wars could backfire on U.S. stock and bond investors

  In Trump’s first term, American businesses cut investment spending and industrial production slowed.
  
  MarketWatch - 21m

• Super Bowl 59 attracts record 127.7 million viewers

  Super Bowl 59 attracted 127.7 million viewers across Fox's broadcast network as well as streaming platforms, according to Nielsen.
  
  CNBC - 25m