Powell Testimony As It Happened Fed Chair Gives Few Clues on Next Rate Move and Avoids Being Drawn on Response to Trump Policies
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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 - 2h -
Ford Chief Executive Says Trump Policies May Lead to Layoffs
The executive, Jim Farley, said President Trump’s tariff and auto policies would raise costs and could force the automaker to cut jobs.The New York Times - 3h -
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 - 5h -
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 - 5h -
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 - 6h -
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 - 6h -
What happens if the Trump administration ignores court orders?
NBC’s Laura Jarrett joins TODAY to weigh in on legal hurdles faced by the Trump administration and what happens if they attempt to ignore orders from judges.NBC News - 12h -
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 -
Dozens of Clinical Trials Have Been Frozen in Response to Trump’s USAID Order
The stop-work order on U.S.A.I.D.-funded research has left thousands of people with experimental drugs and devices in their bodies, with no access to monitoring or care.The New York Times - 4d -
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 - 4h -
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 - 5h -
Trump administration sued by religious groups over immigration arrests policy
The lawsuit from more than two dozen Christian and Jewish groups contends that the new policy is spreading fear of raids, thus lowering attendance at worship services.CBS News - 6h -
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 - 7h -
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 - 7h -
Pope criticizes Trump administration's immigration policies
Pope Francis criticized President Trump’s mass deportation plans in a letter urging compassion and the preservation of dignity for migrants in the U.S. The pope, in his letter, recognized “the ...The Hill - 9h -
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 - 9h -
Chiefs lose 2025 Super Bowl: Identifying potential moves Kansas City can make to retool before next season
The Chiefs have their work cut out for them this offseasonCBS Sports - 11h -
Eric Adams Urges N.Y.C. Officials to Avoid Criticizing Trump Administration
In response to concerns about his cooperation with the Trump administration, Mayor Eric Adams on Monday told top aides that being confrontational could hurt New York City.The New York Times - 1d -
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 - 1d -
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 -
Mookie Betts trade: Five years after franchise-altering swap, how the Red Sox got there and what happened next
After repeatedly failing to agree to a long-term extension, the Red Sox shipped Betts out in February 2020CBS Sports - 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 -
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 -
What happens to the Super Bowl losers' merch? It's being sent to these 5 countries
The NFL plans for both outcomes so they're ready regardless of who wins. What that inevitably means is a whole lot of merchandise that's pre-printed and pre-made – but fans won't ever be able to ...The Hill - 1d -
Jets tell Aaron Rodgers they're 'moving on' from the QB for next season, report says
Aaron Rodgers is still contemplating whether to continue his playing careerABC News - 2d -
UFC 312 takeaways: Du Plessis-Chimaev next? Zhang should make a move ... up
Dricus Du Plessis' future looks bright, and Zhang Weili should make a move to flyweight.ESPN - 2d -
Davante Adams landing spots: Star WR could be on the move with BFF QB Aaron Rodgers being let go by Jets
Here's where Adams could end up next with Rodgers on the outs in New York and no more guaranteed money on his contractCBS Sports - 2d -
Trump policies challenged on passports, gender-affirming care for minors
A group of transgender people sued in federal court over an order that led to the halting of allowing gender markers to be changed on passports and barring the use of the "X" marker used by many ...CBS News - 3d -
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 -
Trump isn’t a narcissist – he’s a solipsist. And it means a few simple things | John R MacArthur
The president delights in being attacked, since it keeps the focus on him. The press should handle him like parents with an ornery child. Two weeks into the Trump administration, I’m still being ...The Guardian - 3d -
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 - 3d -
NASA astronaut Suni Williams says "we don't feel abandoned" in space in response to Trump
Contrary to a recent social media post from President Trump, NASA astronaut Sunita Williams says she and crewmate Barry "Butch" Wilmore don't feel "abandoned" in space, despite a mission that's ...CBS 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 -
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 -
Guatemala gives Rubio a second deportation deal for migrants being sent home from the US
Guatemalan President Bernardo Arévalo says his country will accept migrants from other countries who are being deported from the United StatesABC News - 5d