Fed holds rates steady as policymakers await more data
The Federal Reserve left rates unchanged after its first meeting of the year while signaling a potential rate cut in the coming months. Chair Jerome Powell stressed accumulating confidence and a continued recovery in inflation and employment as markets anticipate timing for a possible June move. Strong 2023 data show inflation easing to about 1.7 percent, unemployment near 3.7 percent, and payrolls averaging 225,000 per month, with economy growing 3.3 percent in Q4.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Jerome Powell
Powell
Krishna Guha
Evercore III
Social media CEQs testify in heated Senate hearing
Social media CEOs from Meta TikTok X and others testified before the Senate Judiciary Committee amid alarm from parents and children advocates about protection online. Hearing featured affected families silent demonstrations as lawmakers pressed for accountability and stronger safety measures.
MENTIONED IN THIS ARTICLE
Senate
Meta
TikTok
Senate Judiciary Committee
U.S. Senate
Dick Durbin
Mark Zuckerberg
Missouri
Josh Hawley
Zuckerberg
Hawley
Agai
Arturo Béjar
Congress
South Carolina
Lindsay Graham
Durbin
Discord
Jason Citron
Snap
Evan Spiegel
Shou Zi Chew
Linda Vaccarino
Capitol Hill
Washington, D.C
Associated Press
White House moves to salvage debt relief by defining hardship
The Biden administration plans a rulemaking session on February 22 and 23 to define financial hardship for student loan relief after the Supreme Court limited debt cancellation. Education officials paused a prior panel, now seek broad forgiveness pathways while inviting public comment and drafting a new regulation ahead of negotiations.
MENTIONED IN THIS ARTICLE
Supreme Court
Biden
Joe Biden
Education Department
Department
Biden-Harris
James Kvaas
Elizabeth Warren
D-Mass
Miguel Cardona
U S government disrupts Volt Typhoon hacking operation
A court authorized operation disrupted a Chinese state sponsored hacking campaign named Volt Typhoon. Spies hijacked numerous privately owned routers to target critical U.S. infrastructure including water plants pipelines and power grids. End of life devices prevented updates and malware was removed severing connections, as officials testified on China’s cyber threat.
MENTIONED IN THIS ARTICLE
U.S
Federal Bar of Investigation
U.S. Department of Justice
Volt Typhoon
Malwa
FBI
Christopher Wray
DOJ
China
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Erome Powell
Federal Reserve Board
Linda Yaccarino
Twitter
Yaccarino
Zamaan Qureshi
Design It For Us
Sen
Dick Durbir
White House
Cedar Rapids
Iowa City
CDC
OSHA
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