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 late last month following a surge of price increases. The pause came as President Trump has been elbowing Powell to keep cutting rates to spur economic growth, reviving tensions between the White House and the Fed that were a hallmark of Trump’s first term.
Powell said last month that he would not resign from the position, even if asked to by Trump. The president did not move to oust him, and Treasury Secretary Scott Bessent seemingly agreed with letting the Fed chair serve out his term.
The hearing is scheduled to begin at 10 a.m. EST.
Watch the live video above.
Read more at The Hill
-
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 - 25m -
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 - 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 - 3h -
Watch live: House convenes hearing on IRS modernization
The House Ways and Means Committee is holding a hearing Tuesday morning focused on the Internal Revenue Service's (IRS) return on investment and the agency's modernization efforts. With President ...The Hill - 3h -
Senate committee advances Tulsi Gabbard's nomination as director of national intelligence
A Senate committee has advanced the nomination of Tulsi Gabbard to be the next director of national intelligence with a final vote in the full Senate expected this week. CBS News congressional ...CBS News - 4h -
Ukraine war live: All Putin’s conditions must be met before peace deal can be agreed, says Russian minister
Russia’s deputy foreign minister says talks must recognise ‘reality on the ground’ . Here are some photos coming to us over the wires.. We have more on the upcoming Munich Security Conference ...The Guardian - 1d -
Super Bowl 59: Watch as Eli Manning defeats Peyton Manning in FanDuel Kick of Destiny before Chiefs vs. Eagles
Eli hit a 25-yard field goal to continue his winning ways on Super Bowl SundayCBS Sports - 1d -
Where you can watch the 2025 Super Bowl live today
Wondering where to watch the 2025 Super Bowl today? Here's where you can watch the game or stream it live for free.CBS News - 2d -
WATCH: Bear in sanctuary braves cold before quickly returning to bed
Randy, who lives at the Orphaned Wildlife Center in New York, just wants to be warm and cozy in his bed.ABC News - 5d
More from The Hill
-
GOP senator: 'We have to' follow court decisions
Sen. Mike Rounds (R-S.D.) said “we have to” follow court decisions in the Trump administration’s various legal battles, even as top officials challenge the judicial actions. On Tuesday, Rounds was ...The Hill - 37m -
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 - 39m -
As Trump meets with India’s Modi, Bangladesh demands attention
Bangladesh’s recent descent into lawlessness poses a foreign policy challenge for President Trump, especially because his predecessor supported last August’s regime change there. The world’s most ...The Hill - 39m -
Vance, Bessent to meet with Zelensky amid Trump's push to end the war in Ukraine
Vice President Vance and Treasury Secretary Bessent are set to meet with Ukrainian President Volodymyr Zelensky amid the administration’s push for the war with Russia to end. Vance will meet with ...The Hill - 42m -
DOGE caucus Democrat: 'Elon’s been doing it all himself'
Rep. Jared Moskowitz (D-Fla.), a member of the Department of Government Efficiency (DOGE) caucus in the House, said members of Congress have so far been excluded from discussions about ways to ...The Hill - 53m
More in Politics
-
GOP senator: 'We have to' follow court decisions
Sen. Mike Rounds (R-S.D.) said “we have to” follow court decisions in the Trump administration’s various legal battles, even as top officials challenge the judicial actions. On Tuesday, Rounds was ...The Hill - 37m -
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 - 39m -
As Trump meets with India’s Modi, Bangladesh demands attention
Bangladesh’s recent descent into lawlessness poses a foreign policy challenge for President Trump, especially because his predecessor supported last August’s regime change there. The world’s most ...The Hill - 39m -
Vance, Bessent to meet with Zelensky amid Trump's push to end the war in Ukraine
Vice President Vance and Treasury Secretary Bessent are set to meet with Ukrainian President Volodymyr Zelensky amid the administration’s push for the war with Russia to end. Vance will meet with ...The Hill - 42m -
DOGE caucus Democrat: 'Elon’s been doing it all himself'
Rep. Jared Moskowitz (D-Fla.), a member of the Department of Government Efficiency (DOGE) caucus in the House, said members of Congress have so far been excluded from discussions about ways to ...The Hill - 53m