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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 - 16h -
Watch live: Powell testifies before House on state of US economy
Federal Reserve Chair Jerome Powell will testify before the House Financial Services Committee Wednesday morning on the state of the U.S. economy. Powell has put interest rate cuts on hold amid ...The Hill - 3h -
Bottom Line: SpaceX signs former chief to House Armed Services Committee chair
Elon Musk’s SpaceX hired Williams and Jensen to lobby on issues related to the national security launch, a Department of Defense program that utilizes commercial launch services to deploy military ...The Hill - 7h -
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 - 23h -
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 - 1d -
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 - 1d -
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 - 1d -
Watch live: House Democrats speak as shutdown threat widens
House Democratic leaders are set to speak Tuesday morning as their Republican colleagues appear divided on passing President Trump's legislative agenda ahead of the March 14 shutdown deadline. ...The Hill - 1d -
Watch live: Powell testifies before Senate Banking Committee
Federal Reserve Chair Jerome Powell will sit before the Senate Banking Committee on Tuesday morning to testify on the agency's monetary policy. The hearing comes as interest rates were held steady ...The Hill - 1d
More from CNBC
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Here's the inflation breakdown for January 2025 — in one chart
The consumer price index rose 3% on the year in January 2025. Economists worry that broad disinflation is over, even as tariffs loom.CNBC - 2h -
Hopes for more Fed rate cuts dim as Powell notes hot CPI means 'we're not quite there yet'
A Fed interest rate cut won't be coming until at least September, if at all this year, following a troubling inflation report Wednesday.CNBC - 28m -
Google says U.S. is facing a power capacity crisis in AI race against China
China's DeepSeek sent the shares of major power companies tumbling in late January on speculation that its AI model is cheaper and more efficient.CNBC - 30m -
Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’
The Bureau of Labor Statistics reported hotter-than-expected growth in the U.S. consumer price index, forcing markets to recalibrate rate expectations.CNBC - 19m -
Chevron will slash up to 20% of its workforce as part of cost-cutting plan
The layoffs will begin this year with most of the cuts complete before the end of 2026.CNBC - 8m
More in Business
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CVS shares pop 15% on big earnings beat, even as high medical costs drag down insurance unit
It caps off the first full quarter with David Joyner, a longtime CVS executive, as CEO of the troubled retail drugstore chain.CNBC - 2m -
ESPN host Stephen A. Smith says he would strongly entertain running for U.S. president
ESPN personality Stephen A. Smith told CNBC Sport that he is not interested in campaigning but would be interested in being president.CNBC - 4m -
Fed is going to be even more cautious about inflation after CPI report
Federal Reserve Chair Jerome Powell said Wednesday that the Fed is “holding” while awaiting more data.MarketWatch - 6m -
Trump's Mexico and Canada tariffs could add nearly $6,000 to the average cost of a car, by one estimate
'We believe the Auto sector is the most exposed to the risks of increased tariffs,' an analyst said.CNBC - 7m -
Chevron will slash up to 20% of its workforce as part of cost-cutting plan
The layoffs will begin this year with most of the cuts complete before the end of 2026.CNBC - 8m