Latest in Fed Chair Proposal
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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 - 2h -
What would be the impacts of Trump's proposed cuts to medical research funding?
A federal judge has blocked the Trump administration's attempt to drastically cut medical research grants in 22 states that joined together to sue. CBS News digital reporter Alex Tin joins "America ...CBS News - 3h -
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 - 8h -
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 - 9h -
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 - 9h -
Chair of UK’s financial ombudsman to step down
Baroness Zahida Manzoor called for ‘radical’ shake-up of rules after the sudden departure of agency’s chief executiveFinancial Times - 11h -
Trump's proposed buyout plan for federal workers in limbo
A federal judge is weighing extending the pause on President Trump's "deferred resignations" for federal workers. Weijia Jiang is following the latest developments at the White House.CBS News - 1d -
Fed Rate Cuts Are Looking Less and Less Likely for 2025
The January jobs report and inflation concerns have pushed back bets for lower borrowing costs.Inc. - 1d -
Leo Olebe assumes role as chair of Games for Change
Games for Change said Leo Olebe will be the new chair of the board of directors for the nonprofit dedicated to social impact games and media.VentureBeat - 1d -
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 - 5h -
Shapiro: Trump's Gaza proposal 'deeply disrespectful,' 'unserious'
Pennsylvania Gov. Josh Shapiro (D) said President Trump’s Gaza proposal is “deeply disrespectful” and “unserious.” “I thought it was an unserious proposal,” Shapiro told sports media personality ...The Hill - 6h -
Treasury yields end at highest in at least a week on Fed’s patient rate stance
U.S. government debt sold off on Tuesday, leaving long-dated yields higher for a fourth straight session, after Federal Reserve Chairman Jerome Powell expressed patience regarding future ...MarketWatch - 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 - 8h -
GOP lawmaker proposes renaming Greenland 'Red, White, and Blueland’
Rep. Buddy Carter (R-Ga.) introduced a new bill this week aiming to rename Greenland to "Red, White, and Blueland," as President Trump seeks to acquire the island territory. The legislation, called ...The Hill - 9h -
Speaker Johnson on timeline for budget plan as Senate Republicans move on own proposal
House Speaker Mike Johnson says a blueprint for his budget package can be expected Thursday, but Senate Republicans are working on their proposal that may put members of the same party at odds. CBS ...CBS News - 10h -
Warren, Waters question Fed chair on proposal 'upending' bank stress test framework
Sen. Elizabeth Warren (D-Mass.) and Rep. Maxine Waters (D-Calif.) teamed up to question the Federal Reserve’s proposal to “upend” bank stress testing framework, in a Monday letter in which they ...The Hill - 10h -
Zelensky proposes swap of seized territory with Russia
Ukrainian President Volodymyr Zelensky is proposing an exchange of seized territory with Russia as part of any potential negotiations to end the war. Ukraine holds control of a small pocket of ...The Hill - 10h -
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 - 10h -
House GOP to move forward with budget plan as Senate pursues competing proposal
Speaker Mike Johnson said House GOP expects to move forward on budget plan this week that lays foundation for approving Trump's agenda.CBS News - 11h -
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 - 12h -
Trump’s proposal for Gaza entangles Arab allies
President Trump’s proposal to permanently resettle Palestinians from the Gaza Strip is complicating relationships with allies in the Arab world. His meeting Tuesday with Jordan’s King Abdullah II ...The Hill - 16h -
Judge weighs extending pause on Trump's "deferred resignations" for feds
The Trump administration has offered more than 2 million federal workers the option of resigning their positions and retaining full pay and benefits until Sept. 30.CBS News - 1d -
Musk on Ron Paul as Fed chairman: 'Great idea'
Elon Musk in a post on X appeared to back conservative commentator Charlie Kirk's suggestion that former Rep. Ron Paul (Texas) replace Jerome Powell as chairman of the Federal Reserve. “Great ...The Hill - 1d -
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 -
Invictus proposal was 'gold medal moment'
James Cairns, who lost his leg in Afghanistan, proposed before wheelchair basketball match.BBC News - 1d -
UK lacks coherent rural policy, says environment committee chair
Alistair Carmichael calls on government to engage with ‘disaffected’ communities as farmers set for latest protestFinancial Times - 1d -
Yrjö Kukkapuro, renowned Finnish chair designer, dies aged 91
‘Almost every Finn has sat on a chair he designed,’ his studio says, with his postmodern creations gracing galleries around the world. Yrjö Kukkapuro, a renowned Finnish designer whose postmodern ...The Guardian - 2d -
Germany's Scholz describes Trump's Gaza proposal as a 'scandal' in election debate
German Chancellor Olaf Scholz has described President Donald Trump’s suggestion that the U_S_ could take ownership of the Gaza Strip, relocate its population and redevelop it as a “scandal.”ABC News - 2d -
Rep. Hern defends delay on House budget proposal
Rep. Kevin Hern (R-Okla.), chair of the House Republican Policy Committee, on Sunday defended Speaker Mike Johnson (R-La.) for the delay in unveiling a budget resolution. In an interview on ...The Hill - 2d -
Trump’s Gaza proposal dashes shipping industry’s Red Sea hopes
Traffic had risen after the Houthis said they would stop targeting most vessels following the Israel-Hamas ceasefireFinancial Times - 2d -
Trump to fire multiple Kennedy Center board members, name himself chair
President Trump did not say which board members at the Kennedy Center he plans to terminate.CBS News - 4d -
Democrats demand probe into Musk's alleged 'conflicts' over billions in fed contracts
House Judiciary Democrats sent a terse letter Friday to Attorney General Pam Bondi, expressing concerns that Elon Musk’s role at DOGE creates "conflicts of interest."ABC News - 4d -
Trump to name himself new Kennedy Center board chair
President Trump said Friday he would end the terms of multiple members of the Kennedy Center board and make himself chair of a new board, putting himself at the helm of the Washington, D.C., ...The Hill - 4d -
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 -
Trump’s Executive Orders Leave Imprint on the Fed
The central bank has halted hiring to align with a White House directive and pulled back its work on climate change.The New York Times - 4d -
Feds Halt the National Electric Vehicle Charging Program
The US government has ordered states to retract their plans to build hundreds of federally funded EV charging stations, according to a memo obtained by WIRED.Wired - 5d -
Inside Trump’s Hastily Written Proposal to ‘Own’ Gaza
Although the president had been talking about the idea for weeks, there had been no meetings on the subject, and senior members of his government were taken by surprise.The New York Times - 5d -
NCAA committee to consider coaches’ proposal to combat ‘unethical behavior’ of fake injuries
Feigning injuries, sometimes at the coach’s instruction, has become a tactic defenses use to slow down tempo offenses or as a way for an offense to avoid a delay of game penalty or get an extra ...Yahoo Sports - 5d
