Powell defends Fed’s authority over US monetary policy

• Trump’s best pick to succeed Powell at the Fed is this ‘battle-tested’ market expert

  Neel Kashkari is Trump’s best choice for the Federal Reserve’s next chair.
  
  MarketWatch - 1h
• 

  Fed Chair Jerome Powell Shows Little Urgency to Lower Rates

  Jerome H. Powell testifies as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s policy independence is in the spotlight.
  
  The New York Times - 4h

• 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 - 5h

• 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 - 5h
• 

  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 - 4h

• 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 - 6h

• 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 - 8h
• 

  Transgender, nonbinary people sue Trump administration over passport policy

  A new lawsuit accuses the State Department of freezing document changes for transgender or nonbinary people.
  
  ABC News - 3d
• 

  Transgender Americans sue over Trump passport policy

  Seven transgender or non-binary Americans sued the Trump administration Friday over its new policy preventing people from obtaining passports with sex designations that match their gender ...
  
  The Hill - 3d

More from Financial Times

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  ‘Trump trades’ start to misfire as dollar weakens

  Treasuries rally as investors take more bearish view on economic impact of new president’s policies
  
  Financial Times - 6h
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  Israel threatens to resume war against Hamas if it fails to release hostages by Saturday

  PM Benjamin Netanyahu orders IDF to mass around Gaza as Donald Trump holds meeting with Jordan’s King Abdullah
  
  Financial Times - 3h
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  What if Donald Trump calls the courts’ bluff?

  The US judiciary poses the ultimate test of whether the president will break the system
  
  Financial Times - 11h
• 

  The case for persisting with foreign aid

  Until now, the US has been a strikingly benign and successful hegemon
  
  Financial Times - 6h
• 

  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 - 3h

More in Business

• Snap’s increased AI spending may push profits even further out

  Guggenheim downgraded Snap’s stock, warning that increased AI investments could defer operating profits until 2027.
  
  MarketWatch - 14m

• Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid

  Tesla shares fell 6% on Tuesday and have dropped for five straight days, wiping out over $200 billion in market cap.
  
  CNBC - 15m
• 

  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 - 23m

• BYD is offering a self-driving feature for all. That could be trouble for Tesla.

  China EV maker BYD plans to install its self-driving technology on most cars without extra cost, and even cheaper models. Analysts say this could be another hurdle for Tesla.
  
  MarketWatch - 37m

• Super Micro cuts its outlook — but there’s a silver lining supporting its stock

  Super Micro predicts far more revenue for its next fiscal year than analysts were projecting. The company also expects to submit its delayed annual filing by the Feb. 25 deadline.
  
  MarketWatch - 40m