Fed Chair Jerome Powell Shows Little Urgency to Lower Rates

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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 - 31m

• 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 - 1h

• 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 - 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 - 2h

• 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 - 1h

• 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 - 4h

• Will mortgage interest rates fall in February without a Fed meeting? Experts weigh in

  Mortgage rates could fall, experts say, but it depends on several factors. Here's what to know.
  
  CBS News - 1d
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  Job Market Gives Fed Cover to Extend Interest Rate Pause

  The central bank is grappling with how quickly to lower interest rates after pausing cuts last month.
  
  The New York Times - 4d

• 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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  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 - 3h
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  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 - 7h
• 

  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 - 40m
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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 - 17h
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  Netflix Scurries to Stem Oscar Fallout From ‘Emilia Pérez’ Scandal

  Netflix had thought the movie could deliver the company its first best picture award. But comments from its star have put it on the defense.
  
  The New York Times - 22h

More in Business

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  Marc Fogel released from Russia after talks with Trump envoy

  White House claims the detained teacher was freed after ‘show of good faith’ by Moscow
  
  Financial Times - 5m

• Ken Griffin says Trump's 'bombastic' trade rhetoric is a mistake that's eroding trust in the U.S.

  The billionaire hedge fund founder's comments came after Trump on Monday evening signed an order that would impose 25% tariffs on steel and aluminum imports.
  
  CNBC - 6m

• Shopify beats on fourth-quarter revenue, but gives mixed guidance

  Shopify said the first quarter is "consistently" its lowest gross merchandise volume quarter seasonally.
  
  CNBC - 14m

• Trump FBI pick Kash Patel accused of directing staff purge while still a nominee

  Sen. Dick Durbin alleged that Kash Patel's orders are being carried out by officials including Trump aide Stephen Miller and acting deputy AG Emil Bove.
  
  CNBC - 14m
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  Microsoft Says Workers are Already Using AI to Lighten Workloads, at Risk to Their Own Brainpower

  As AI tools make their way into the workplace, it may already be time to worry that people are losing their own smarts and skills, relying on the tech to do the heavy intellectual lifting for them.
  
  Inc. - 20m