Powell Testimony Live Fed Chair Tells Senate Bank in No Hurry to Cut Rates
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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 - 1h -
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 - 1h -
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 - 1h -
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 - 1h -
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 - 2h -
UK interest rates are too restrictive
But uncertainty and a rise in near-term inflation warrants a cautious approach to cutsFinancial Times - 3h -
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 - 3h -
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 - 3h -
Who Should Tell Employees About Raises?
… And two other tricky workplace dilemmas.Inc. - 9h -
Another Republican senator goes against Trump's 'poorly conceived' NIH funding cuts
Collins said Kennedy “promised” that as soon as he was confirmed he would “re-examine this initiative” that he says was “implemented prior to his confirmation.”ABC News - 21h -
The Weeknd Hits No. 1 for a Fifth Time With ‘Hurry Up Tomorrow’
Boosted by physical sales and a Grammy performance, the album had the biggest week since Taylor Swift’s huge opening last year.The New York Times - 23h -
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 -
LIVE: ABC News Live
24/7 coverage of breaking news and live eventsABC News - 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 -
Sharing Bank Accounts Can Deepen a Couple’s Relationship
Fewer couples are combining their bank accounts. But that trend may not promote partners’ overall financial health, experts say.The New York Times - 2d -
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 - 2h -
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 - 3h -
10-year yield rises for fourth session as Powell remains patient with rates
U.S. government debt continued to sell off on Tuesday after Federal Reserve Chairman Jerome Powell expressed patience regarding future adjustments to the central bank’s main interest-rate target.MarketWatch - 3h -
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 - 5h -
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 - 6h -
How low can European rates go?
Central banks have been defining neutral interest rates as Bessent makes a brave betFinancial Times - 8h -
US banks ❤️ private capital
What we do in the shadowsFinancial Times - 9h -
UK inflation threat receding, says BoE rate-setter who voted for big cut
MPC’s Catherine Mann says ‘demand conditions’ in economy are ‘quite a bit weaker’Financial Times - 20h -
Live updates: Trump boosts steel, aluminum tariffs; Senate set to vote on Gabbard
President Trump announed 25 percent tariffs on steel and aluminum on Monday, adding that he would also kick off reciprocal tariffs in the days after. Trump said that the steel and aluminum tariffs ...The Hill - 21h -
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 - 23h -
Israel's military ramps up West Bank raids
Israel's military is continuing raids in the West Bank and Palestinians are being driven out of their homes. This comes as the ceasefire deal with Hamas remains fragile. CBS News' Chris Livesay ...CBS News - 23h -
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 -
Israeli forces continue operations in West Bank
As the fragile ceasefire between Israel and Hamas in Gaza continues to hold, Israeli forces have stepped up operations in the West Bank in recent weeks. CBS News foreign correspondent Chris Livesay ...CBS News - 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 banks to detail IT failures after Barclays outage
MPs on Treasury select committee request information from past two yearsFinancial Times - 1d -
No more minting 'wasteful' pennies, Trump tells Treasury
The US President cites rising costs as the reason for discontinuing production of the one cent coinBBC News - 1d -
Sunday shows preview: DOGE cuts leave feds reeling; Lawmakers race to finalize Trump budget bill
Tech billionaire and the anchor of the new Department of Government Efficiency (DOGE) Elon Musk saw his staffers attempt or succeed in accessing databases in various departments, supercharge a ...The Hill - 2d -
Andrew aide asks court to withhold testimony on alleged spy
Dominic Hampshire said he would not have given evidence had he known it could be made public.BBC News - 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 -
Starmer tells ministers to push ‘further and faster’ for growth
UK prime minister launches fresh attempt to reboot ailing government at six-hour cabinet meetingFinancial 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 - 4d -
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 - 5d