Latest in Cuts Dim Powell
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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 - 11h -
Trump's comments won't affect interest rate decisions by the Fed, Powell says
Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisionsABC News - 12h -
Republicans Love Trump’s Spending Cuts. Just Not in Their States.
Even as they praise the president’s unilateral actions to slash federal spending, G.O.P. lawmakers have quietly moved to seek carve outs or exemptions for their own constituents.The New York Times - 13h -
Fed’s Powell Doesn’t Have Much to Say Because Inflation Isn’t Budging
Federal Reserve Chairman Jerome Powell says he isn’t rushing on rate cuts and the economy remains in solid shape.Inc. - 18h -
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 - 1d -
It’s America That Suffers When We Cut Foreign Aid
U.S.A.I.D. keeps children alive and us safe.The New York Times - 7h -
The Pentagon needs a budget cut, not a spending spree
Lawmakers are pushing to increase Pentagon spending by up to $500 billion, but this would accelerate our national debt and fail to address wasteful programs and inefficiencies.The Hill - 12h -
Powell testifies in Congress as inflation remains high
Federal Reserve Chair Jerome Powell refused to testify in Congress on President Trump's remarks about the Fed's ability to lower interest rates. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - 12h -
Trump’s best pick to succeed Powell at Fed is this ‘battle-tested’ market expert
Neel Kashkari knows how to speak to markets in ways they can hear.MarketWatch - 13h -
Watch Fed Chair Powell speak live before House Financial Services Committee
Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy.CNBC - 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 - 16h -
Sources: Man United mulling further staff cuts
Manchester United are considering making further cuts to club staff, sources have told ESPN.ESPN - 1d -
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 - 1d -
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 - 1d -
Powell defends Fed’s authority over US monetary policy
Central bank chief vows to ‘focus on the data’ rather than get dragged into political debatesFinancial Times - 1d -
Federal judge pauses NIH research cuts nationwide
A federal judge in Boston has ordered a temporary pause nationwide on plans by the National Institutes of Health (NIH) to substantially reduce "indirect” research payments to universities, medical ...The Hill - 1d -
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 - 1d -
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: 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 -
A quick way to cut $1 trillion in federal spending
President Trump suggests that state governments should have primary responsibility for handling disasters, and cutting federal taxes would allow states to access more money to address their needs.The Hill - 1d -
Progressive group sounds alarm on Medicaid cuts
Presented by American Medical Association — A new report from Democratic-aligned group Protect Our Care highlights potential GOP changes to Medicaid. {beacon} Health Care Health Care The Big ...The Hill - 2d -
More job cuts expected at Justice Department, FBI
Staff within the Justice Department and FBI are on edge and bracing for more firings due to the changes under the new Trump administration. CBS News Department of Justice correspondent Scott ...CBS News - 2d -
Treasury yields finish mixed as investors await Powell testimony, inflation data
Yields on U.S. government debt held to a tight range despite President Donald Trump’s plan to impose 25% tariffs on imports of steel and aluminum, with investors looking ahead to a busy week of ...MarketWatch - 2d -
Trump’s budget cuts are unconstitutional
These are not presidential decisions to make but rather are legislative mandates. Congress is our only hope.The Hill - 2d -
Inside the House GOP clash over tax cuts
Hardliners are squaring off against their top tax writer as Republicans try to assemble a package President Donald Trump's priorities.Politico - 3d -
Driver cut free after crash with highways vehicle
Firefighters say the highways vehicle was stationary within a closed work zone when it was hit.BBC News - 3d -
Powell, Zubac both score 26 as Clippers snap 3-game losing streak with 130-110 victory over Jazz
Norman Powell and Ivica Zubac scored 26 points apiece, James Harden added 23 and the Los Angeles Clippers beat the Utah Jazz 130-110 to snap a three-game losing streakABC News - 4d -
NIH cuts overhead funding for research
The National Institutes of Health (NIH) on Friday made a significant reduction in grants reserved for research institutions, a decision that may significantly impact American higher education. The ...The Hill - 4d -
Trump administration to cut billions in medical research funding
National Institutes of Health said the $4bn loss will affect ‘indirect’ funding of buildings, equipment and staff. The Trump administration is cutting billions of dollars in medical research ...The Guardian - 4d -
Bolton says DOGE cuts hurt ‘long-term American interests’
President Trump’s former national security adviser John Bolton said during an interview that some of the proposed Department of Government Efficiency (DOGE) cuts could hurt “long-term American ...The Hill - 4d -
Trump cuts aid to South Africa over ‘racial discrimination’ against Afrikaners
US president also offers asylum to Afrikaners and criticises law that allows land seizures without compensation in some circumstances. The US president, Donald Trump, has signed an executive order ...The Guardian - 4d -
7 Words Explain Why UPS Is Cutting Amazon Loose
UPS’s CEO says the company is cutting back its shipping for Amazon by 50 percent.Inc. - 4d -
Cambridge risks losing ‘unbelievable talent’ amid PhD funding cut
Warning by vice-chancellor Deborah Prentice comes as ‘Silicon Valley’ planned between Oxford and Cambridge. The University of Cambridge risks “losing unbelievable talent” owing to a drop-off in ...The Guardian - 4d -
Trump says he is cutting off Biden's access to intelligence material
Former presidents are traditionally allowed to receive intelligence briefings if they are being consulted about events that occurred while they were in office.NBC News - 5d -
Graham's plan for Trump tax cuts
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Graham rolls out plan to tackle Trump agenda Senate Budget Committee Chair ...The Hill - 5d -
Small Businesses and Contractors Also Get Hit by Trump’s Federal Funding Cuts
Reports suggest several thousand private sector jobs have been lost in the last two weeks, as federal funding freezes start having knock-on effects.Inc. - 5d -
Bank of England Cuts Rates While Warning of Inflation and Trade War Risks
The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.The New York Times - 6d