what does jerome powell say about that and the other tariff proposals out there.does he say about inflation expectations. because there's new surveys out in recent days that show americans are bracing for higher and higher prices, in part because of the trump tariffs. the jobs report this is his first chance to weigh in on that kind of mixed january jobs report. what does he say about that? and then there's a lot on deregulation, specifically the recent efforts to dismantle the consumer financial protection bureau. is powell in favor of these efforts to essentially pull the cop on the street, off the street here when it comes to trying to fight financial crime? and then i think the elephant in the room. right. it's the fact that two of the most powerful people in the world, jerome powell and donald trump at times have not gotten along. you remember after the fed kept interest rates steady at the last minute, at the last meeting in january, trump came out and he essentially attacked powell and the fed over inflation. but then he backtracked a little bit, and he act

. >> it on that, jerome powell and what is your reaction to him not exchanging. [inaudible]. trump: what did you say. >> he held the race. trump: mono surprise holding the race at this point was the right thing to do. >> mr. president. [inaudible]. trump: we will see what happens and it will happen, we will see how things work out in a might happen. that it will definitely happen with european union and i can tell you that because they have really taking advantage of us and we have over $300 billion deficit they don't take our cars, they don't take our foreign products, did almost nothing and we take every thing from them, millions of cars, tremendous amounts of food and foreign products, so the uk is we outline and we will will uk and european union, is really out of line and you can't use out of point but i am sure will i think that one can be worked out but the european union is an atrocity but they have done. >> what is the relationship with the e.u.'s trent. trump: the prime minister's very nice we got a couple of meetings and numerous phone calls and getting along very

and later fed chair jerome powell in the hot seat this hour. what will he say about pressure on the economy and from the white house? good morning. it is ten eastern, 7 a.m. pacific. i'm ana cabrera, reporting from new york. we start with the intensifying power struggle in washington. but it's not republicans versus democrats. it's the white house versus the courts. president trump's fast and furious actions to reshape and reduce the federal government now met with a series of court rulings, putting barricades in the way. president trump, vp vance and others in the white house argue the judicial branch has no authority to limit executive power on these matters. well, now, one judge says the white house is already violating his order on the federal funding freeze. so will the trump administration comply with the courts, or will the president drive the nation full steam ahead into a constitutional crisis? let's get the latest reporting from nbc news white house correspondent aaron gilchrist. nbc news justice and intelligence correspondent ken dil

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. >> jerome powell gave an update before the urban affairs committee and the first appearance in front of lawmakers before the start of the 119th congress and the inauguration in january. watch the full hearing tonight at 11:00 eastern on c-span, on the c-span now video app or online at c-span.org. c-span, democracy unfiltered. we're funded by these television companies and more, including cox. >> when connection is needed most, cox is there to help, bringing affordable internet to families in need. new tech to boys and girls clubs and support to veterans whenever and wherever it matters most, we'll be there. >> cox supports c-span as a puic service, along with these other television providers, giving you a front row seat to democracy. >> defense secretary pete hegseth is in germany for his first overseas trip which includes stops to poland and during a visit to command headquarters he talked about china, pentagon spending and the renaming of a north carolina military base back to fort bragg. this runs nearly 15 minutes. pete: how is it going, everybody? it's been a great day. spending

here's the fed chief jerome powell. >> we want to make more progress on inflation. and we think our policy rate is at is in a good place. and we're not we don't see any reason to be in a hurry to reduce it further. once we lower rates in kind of rates return to a lower level, mortgage rates will come down. i don't know when that will happen, and even when it does happen, we're still going to have a housing shortage in many places. >> so for now, you know, you've got interest rates probably staying where they are for the foreseeable future as you try to figure out how how tariff policy plays out in the us economy and the global economy, and how the overall economy holds up to what president donald trump is promising will be a big fight, an aggressive fight from the us on the trade front around the world. >> ali a. >> big fight, christine, that could also run counter to one of his central campaign promises that he was going to bring down the cost of groceries and basic costs for americans on day one. here we stand well after day one, and that's not yet the case. chris

. >> if you look at what jerome powell and the fed have done they've done more to ignite inflation theny have to calm inflation. what they did and what we saw last week with scott bessent, scott bessent as secretary of the treasury is coming in and he is an entirely different plan, what the plan is is to lower the yield on the ten year treasury, what that means for people is a ten year treasury is a good percentage of the borrowing cost are gauge two. as a yield declines it shows first of all confidence in the u.s. treasury market and second of all and allows banks to lend at lower rates because what scott bessent and president trump relies if they don't get rates lower there is an avalanche of refinancing real estate and that will be problematic going down the road. >> we gotta talk about gold you put your cash into gold and hit an all-time high, are you still doing it. >> i love gold and the more talk about a trade war the more revelation in jerome powell absolute failure to control inflation, the fact that the fed has failed makes gold so much more attractive to me because we will ex

earlier today the chair of the federal reserve jerome powell, gave an update on monetary policy.this was his first appearance in front of lawmakers since the start of the 119th congress and president trump's inauguration. watch the full hearing at 9:00 on c-span. c-an, democracy unfiltered. we are funded by these television companies and more, including wow! >> the world has changed. today the fast reliable internet connection is something no one can live without. wow! is there for speed, reliability and choice. it starts with great internet. >> wow! supports c-span along with these other television providers giving you a front row seat to

plus, fed chair jerome powell testifying on capitol hill right now about the health of the economy as president trump jumpstarts his trade war. and the president about to meet with the king of jordan for talks over gaza. what the president says he'll do if that nation refuses to take in palestinians. we're back in 90s. you're watching jose diaz-balart you're watching jose diaz-balart reports on msnbc. baby: liberty! mom: liberty mutual is all she talks about since we saved hundreds by bundling our home and auto insurance. baby: liberty! biberty: hey kid, it's pronounced "biberty." baby: liberty! biberty: biberty! baby: liberty! biberty: biberty! baby: liberty! biberty: bi-be-rty! baby: biberty! biberty: and now she's mocking me. very mature. mom: hey, that's enough you two! biberty: hey, i'm not the one acting like a total baby. mom: she's two. only pay for what you need ♪ liberty. liberty. liberty. ♪ baby: liberty. tap into etsy ♪ liberty. liberty. liberty. ♪ for home and style staples to help you set any vibe. from custom lighting under 150 dollars to vintage jackets under 100. for

>> well, pamela, no major fireworks between jerome powell and lawmakers to this point. but powell did make some headlines here. he made clear that the fed is in no rush to cut interest rates. he says the economy is strong. and he believes that there's time to wait for more progress on inflation before the fed can make it cheaper to borrow powell. he wouldn't comment directly on trump's trade policy, but he did make some comments about free trade. he said that the wisdom around free trade, the logic is still there. but he did note that free trade didn't work that well when there was a very large country that doesn't really play by the rules. powell was also asked about what would happen if the president tried to fire a federal reserve official. he said it's pretty clear that that is not allowed under the law. there was also an interesting exchange between powell and senator elizabeth warren about efforts to sideline the cfpb. of course, that's the consumer watchdog that has gone after big banks, student lenders, payday lenders and others that have been accused of ripping

jerome powell is probably very happy that his name didn't come up a lot, the fed met nothing happen andll street expected. the fed did not cut rates and not what wall street expected nobody seemed unhappy except for donald trump and he wants the rate cuts but the fed is doing what it needs to doesn't know where inflation is going to took out and is making progress towards its target and remains elevated, that freak markets out but that doesn't mean will raise rates don't read anything into it, the market didn't react at all it's pretty good on inflation but is moving to the right direction. next week we have a lot more stuff happening whether inflation or earning. >> tariffs this is a big thing payroll is coming 165,000 jobs still solid but not as superstrong as it's been earnings from off about amazon, i'm hoping that they will look like apple and meta and we're going to find you over the weekend the market will have a really probably on monday the tears have been postponed emotional lot because riveters. tesla may be the only company out there that could report earnings and miss on th

>> today jerome powell gives an update on e economy. on the senate banking housing and affairs committee. his first appearance inront of lawmakers is the one at a 19th congre began in january. we will have live coverage on c-span3. on c-spa now our free mobile video app and online on c-span.org. c-span, democracy unfiltered. we are funded by the television companies and more including charter communications. >> charter is proud to be recognized as one of the best internet providers. and we are just getting started. building 100,000 miles of new infrastructure to reach those who need it most. >> charter communications supports c-span as a public service. along with these other television providers giving you a front row seat to democracy. >> president trump signed an executive order aimed at rolling back guidance from the biden administration on title 11, the civil rights law prohibiting sex-based discrimination pray the order would require all athletes to compete with the sex they are decide -- assigned at birth. it was signed in the ea

visit ncicap.org] >> on tuesday the chair of the federal reserve, jerome powell, gives an update on the economy and monetary policy before the senate bank, housing and urban affairs committee, his first appeance in front of lawmaker since the 119th congress began in january. live coverage at 10:00 a.m. eastern on c-span3 on c-span now, our free mobile video app, and online at c-span.org. >> democracy. it isn't just an idea. it's a process. a process shaped by leaders, elected to the highest offices, and entrusted to a select few with guarding us basic principles. it's where debates unfold, decisions are made and the nation's course is charted. democracy in real time. this is your government at work. this is c-span. giving you your democracy unfiltered. iscuss the fentanyl crisis in the u.s. is dr. jeffrey singer, he is a health policy senior fellow at the cato institute. dr. singer, thank you for being with us. guest: thank you for having me. host: why don't we start by having you talk about your background both as a practitioner and also as a health policy researcher at cato. guest: we

the chair of the federal reserve jerome powell wilgive the semiannual monety policy report before toommittees. first on tuesday before the senate banking committee and then on wednesday before the house financial services commtee. also, c-span continu o comp or hamper of coverage of comprehensive -- copperhds of coverage of cabinet none. hearings forwo cabinet nominees. wednda former oregon republican congress woman lori chavez-deremer. e minee for secretary of labor. thsday, former businesswoman linda mcmahon who is the nominee for secretary of education. also thursday, the senate judiciary committee will vote on the nomination of cash patel for director of the fbi. watch live on the c-span networks or on c-span now, our free mobile video app. also head over to c-span.org for scheduling information or to watch live or on-demand anytime. c-span, democracy unfiltered.

so today, fed chair jerome powell, he testified on capitol hill as part of his semiannual report. and he was asked if the fed was, quote, absurdly overstaffed, unquote, as elon musk has claimed recently. take a listen. >> he's got a wall around the vatican, does he not? so he's got a wall around to protect his people and himself. but we can't have a united states, so i wish he'd stick. >> that's obviously not it. but anyway, what jerome powell said was fed employees are overworked and the agency is not overstaffed. and then he explained that the fed is primarily self-funded through the interest it earns. in other words, cost cutting measures such as laying off employees would ultimately not save taxpayers much money. so he's he's criticizing doge implicitly and explicitly at what they're saying. um, where do you see this going? do you think this is going to escalate? >> absolutely. >> i think the fed is trying its darndest not to let this escalate. and the fed is potentially on a crash course with the trump administration for a whole bunch of reasons, not just doge, but the fact t

. >> on tuesday, the chair of th federal reserve, jerome powell, gives an update the economy and monetary policy before the senate panicking, housing and urban affairs committee. his firstppearance in front of lawmakers since the 119 congress began in janua. we'll have live coverage at 10:00 a.m. eastern on c-span3, on c-span now, our free mobile vide app, and online at c-span.org. >> if you ever miss any of c-span's coverage, find it any time online at c-span.org. videos of key hearings, debates, and other events feature markers that guide you to interesting and news worthy highlights. these points of interest markers appear on the right-hand side of your screen when you hit play on select videos. this timeline tool makes it easy to quickly get an idea on what was debated and decided in washington. scroll through and spend a few minutes on c-span's point of interest. >> spa spa, democracy unfiltered. we've funded by these television companies and more, including come cast. >> you think this is a community center? no, it's way more than that. >> comcast is partnering with 1,000 community

on c-span3 at 10:00, jerome powell

a final vote could takelace on wednesday and at 10:00 jerome powell testifies before the senate. on inflation, economic growth and interest rates. a subcommitt on health will hear testiny on incentivizing patients to make healthier decisions. these events stream live on c-span now and on c-span.org. ♪ >> c-span has a number of podcasts for you. listen to best-selling authors and influential interviewers on afterwards and on q&a hear conversations with nonfiction authors and others who are making things happen and book notes plus features fascinating authors of nonfiction on a wide variety of topics. download the free c-span now at or wherever you get your podcasts and our website c-span.org/podcast. >> on the house floor representative nancy mace shared her story about being sexually assaulted by her ex fiancÉ and three of his business associates recording sexual assaults on multiple women, criticizing alan wilson for inaction regarding the allegations. ecial order. the speaker pro tempore: without objection. ms. mace: mr. speaker, i rise today to call up the cowards who think th

today on capitol hill, federal reserve chair jerome powell kicks off two days of testimony. powell will appear 10:00 a.m. before senate banking committee and tomorrow before house financial services committee and deliver prepared testimony before taking questions from lawmakers on issues like mon monetary policy, banking and dei and journey back to common sense, president sttrump instru ing epa to go back to water standards and posting on truth social, he is instructed lee zeldin to revert to previous water standard and flow on sinks, showers, toilets. talking about this before -- >> brian: did he just post this? >> carley: washing machines and dish washers and bringing back common sense regarding light bulbs, he says his standards were axed by biden. and super bowl lix shattered records for viewing. most watched in history. one of those viewers was jesse watters who called out steve for not keeping up his end of the bargain in a super bowl bet. >> brian: worst thing ever. what do you have to do? >> lawrence: do the right thing. >> jesse: i called it for weeks, steve big chi

happening out federal reserve chair jerome powell about to testify before lawmakers for the first time since trump returned to the white house. grady trimble joining the in new york. do we know what questions? >> reporter: we expect questions about how donald trump's economic policies are going to impact the economy particularly inflation. the first time powell testified since trump took back the white house and since republicans reclaim the senate which means they are at the helm of the banking committee we've got our hands on powell's opening remarks and here's what he's about to say. with our policy stance significantly less restrictive than it had been in the economy raining strong, we do not need to be in a hurry to adjust our policy stance. maybe renault rate cut is coming but he will outline the risks of moving too fast and the risks of moving too slowly. the chair of the senate banking committee tim scott says he plans to encourage the fed chair to stay out of trump's way when it comes to crypto energy and other economic issues. >> the fed has been weapon eyes did, paying crypt

industry but the change will come, more quickly than most expect what i think will happen from jerome powellegulate the banking of crypto in a more responsible way not that difficult to come up with a regulatory regime for banking crypto, you have to be more conservative, tend to be a lot of issues regarding crypto because of volatility it can be done i think we will see it getting done, and i am very confident that certainly by 2028 crypto will be such a part of the ecosystem will end -- i should i such a part ecosystem no problems banking i don't see it as political issue in the future. >> certainly what trump is producing, there is a classified internal document obtained by wyoming senator, lummis veiled federal reserve and member banks received a directive to take caution when it comes to working with clients that they deemed quote/unquote controversial. debanking not just happening in the crypto industry it is happening to conservatives just as president trump said other day at world economic forum, i spoke with melania trump the first lady, she told me on "sunday morning futures", back

a final vote could takelace on wednesday and at 10:00 jerome powell testifies before the senate. on inflation, economic growth and interest rates. a subcommitt on health will hear testiny on incentivizing patients to make healthier decisions. these events stream live on c-span now and on c-span.org. ♪ >> c-span has a number of podcasts for you. listen to best-selling authors and influential interviewers on afterwards and on q&a hear conversations with nonfiction authors and others who are making things happen and book notes plus features fascinating authors of nonfiction on a wide variety of topics. download the free c-span now at or wherever you get your podcasts and our website c-span.org/podcast. >> on the house floor representative nancy mace shared her story about being sexually assaulted by her ex fiancÉ and three of his business associates recording sexual assaults on multiple women, criticizing alan wilson for inaction regarding the allegations. ecial order. the speaker pro tempore: without objection. ms. mace: mr. speaker, i rise today to call up the cowards who think th

>> investors need to wake up to this, donald trump in one year and investors in the other and jerome powell saying cut cut cut. we don't need it, we don't need to reignite inflation. the economy is accelerating on its own already. jobs confirmed the labor market is in good shape, don't need to cut. stuart: you're going to stay with me, lou basensase. do we know how many federal workers my after this, how many federal workers have accepted by out? buyout? lauren: about 2%, 40,000 workers according to several reports but the workforce is over 2 million in the administration holding 5% to 10% of these workers would accept the buyout but midnight tonight is the deadline. you could see this russia federal workers opting to resign and get paid through september. a couple hours left. the cia offered to buy out its entire staff of it wants to ensure the agency can move fast, have the right people to ensure national security priorities. we won all got to redesign and they will rehire the ones they like. lauren: i guess. stuart: draconian. the cia. thanks. still had. secretary of state marco rubio re

jerome powell will give the semiannual monetary policy report before two committees, first on tuesdayore the senate banking committee and on wednesday before the house financial rvices committee. c-span continues our comprehensive coverage of confirmation hearingsor president-elect trump cabinet nominees. on wednesday former oregon republican congresswoman chaff chaf chaff -- lori chavez-deremer and for former businesswoman linda mcmahon who is a nominee for secretary of education. also on thursday, the senate judiciary committee will vote on the nomination of kash patel for director of the f.b.i. watch live on the c-span networks or on c-span now. al head over to c-span.org for scheduling information or to watch live or on demand anytime. c-span, democracy unfiltered. >> john dickinson is one of the most significant founders of the united states who is not well-known by all the american public. author jane calvert is trying to change that with her new biography. john dickinson is known for his nine essays under the title fabius published anonymously in newspapers during the time that

we will take you live to capitol hill where jerome powell is testifying before the senate banking housing and urban affairs committee. live coverage on c-span3. chair. scott:>> good morning. this committee will come to order. >> you have the ability to influence markets and directly impact the feature of hundreds of millions of americans. but in recent reality, the fed has been susceptible to political pressure. take for example the fed's involvement with the network for creating the financial system. a group dedicated to green financing of climate change which the fed joined in december 2020 as president biden was about to assume office. just last month the fed announced it had pulled out of the organization as president trump was getting ready to be sworn in. to the american people, this is flip-flopping on a political women. too much focus on climate change instead of supervision is consequential. and in march, just two years ago, we saw the failure of silicon valley bank. svb march the third largest bank failure in u.s. history and the largest since the 2008 financial basis and yet no

this morning, the federal reserve chairman, jerome powell, indicated that the policymakers are not in interest rates. the fed chief made the comments at a senate banking committee hearing this morning. the good news is he does say the economy is strong overall. the labor market is solid and inflation is easing. however, wall street seemed to be looking for another rate cut and indication of that. the indexes dropped initially when the opening bell rang this morning. ringing the bell this morning. snl celebrating 50 years of making us laugh. their special anniversary show is this weekend. some of the cast visited the new york stock exchange this morning to ring that bell. heidi gardner, laraine newman, and ego nwodim they're on the bell. taking a live look at the markets, they have recovered a little bit since the bell rang this morning. the dow jones managing a little bit of a gain. the s&p 500 down slightly, the nasdaq up slightly. so we'll keep watching that. well you can now text using t mobile for free even if they are not your service provider. t-mobile's starlink messaging servi

visit ncicap.org] >> on tuesday the chair of the federal reserve, jerome powell, gives an update on the economy and monetary policy before the senate bank, housing and urban affairs committee, his first appeance in front of lawmaker since the 119th congress began in january. live coverage at 10:00 a.m. eastern on c-span3 on c-span now, our free mobile video app, and online at c-span.org. >> democracy. it isn't just an idea. it's a process. a process shaped by leaders, elected to the highest offices

all of this is federal reserve chairman jerome powell appears on capitol hill tuesday facing questions about those tariffs and other economic issues like inflation. >> the european union has already threatened retaliatory tariffs for any new tariffs put in place by the trump administration. >> reporting in washington, i'm trevor shirley. >> all right. back here in the bay area in the south bay, students at santa clara's wilcox, high school walked out of class on monday to protest president trump's mass deportation of immigrants. organizers say about half the students there, wilcox, are children of immigrants or are immigrants themselves? >> it was really amazing to see how many people are actually supporting our cars. you know, there was a lot of cars honking in support or a lot of people like joined in with us. any was it made me really happy to see that this many people support and i didn't expect this many students to come out and support. you the students who demonstrated say they will continue to fight for their future. >> it's 10 37 and trader joe's is now joining the number of g

. >> jerome powell had an affair federal reserve. he's cautious on inflation. he's cautious on. >> maybe too much growth out there. not knowing wall street's been a little cautious today. we are having a great year again on top of last year's. great. you're on top of 2023 straight year. so. you're case we do a good you know, my son was just saying like. >> well, mom, no matter how high a stock is that i buy, it will just go up and up and up and up and up forever over the last next 20 years. is that true? >> i think about that with the top 20 stocks, names like eli lilly, exxon mobil companies like amazon and alphabet and not out and i see them as consumer stocks. lisa, lot of stuff that addicted to like cell phones like energy like like sugar fighting fat. so i kind of agree with him overall, but they'll be a one or 2 that fails might who failed america online. failed intel failed. okay. you know, there's there's going to be okay. >> cautious i wanted to ask you about gofundme only because i remember and maybe a day myself, but i feel like it just was invented.

federal reserve chair jerome powell kicks off two days of testimony before house and senate committeeswell will first appear this morning at 10:00 a.m. eastern time before the senate banking committee. tomorrow he will appear before the house financial services committee. powell will deliver prepared testimony before taking questions from lawmakers on issues like monetary policy banking and dei. and happening today, president trump will welcome king abdullah of jordan to the white house. and trump is giving hamas an ultimatum over the terror group's plans to delay the next hostage release. listen here be returned by 12:00 on saturday if they're not returned -- all of them, not in drips and drabs not 2 and 1 and 3 and 2, saturday at 12:00 and after that i would say all hell is going to break out. >> carley: well the father of edan alexander one of the american israeli hostages being held captive in gaza will join us next hour to respond to that strong message from the president. and today officials in philadelphia are set to detail plans for a super bowl parade on friday to celebrate th

i mean, the fed chair, jerome powell, declined to cut interest rates after three consecutive cuts. there are concerns about inflation flaring up again. what's the risk to people sitting at home when they go to the grocery store, when they buy their car or their television? >> fundamentally, there's a lot of uncertainty. we don't know how long these tariffs will last. will they change over time? the president's invoking a very broad authority with very little precedent, no precedent for using it for tariffs. so for companies and for consumers, there's a lot of unpredictability. and what we saw when tariffs were put in place with china, um, some of the tariffs were absorbed by exporters, importers. some were passed on to consumers. it really depends on a product by product basis. and here just so much widespread with economies that are quite integrated with ours. >> is this a scenario in which there would be u.s. tariffs or the u.s. would place tariffs on the imports from these countries, and then potential retaliation, and then static. or are we potentially going into a for tat poin

today the big store is -- story is jerome powell said it's over.nt that we could never imagine. crypto people dabbled in crypto and second amendment advocates being debanked by jp morgan, bank of america. they told me this, by the way the people at the companies told me rather than take a chance of being fined heavily by the fed, occ, the fdic, you name it. treasury coming after them, they debanked them and anybody that was close to the line. that is over now thanks to this senator lumis who came up with this credible piece of information on the fed handbook about why to -- how their examiner should debank people and forcing banks to debank people and the banks now at least telling reporters like me that this did go on, and to me it's a huge story and i don't know how the federal government got away with it and someone dabbled in crypto and crypto might be used for, i don't know, money laundering purposes because your second amendment advocate and the somehow denied banking services and it's over. powell said it today. liz: charlie, thank you so mu

the chair of the federal reserve, jerome powell will give a report tuesday and wednesday before the houseancial services committee. also, c-span continues our confirmation hearings f president trump's nominees. on wednesday, former oregon republican congresswoman lori chavez-deremer, for secretary of labor and on wednesday, former businesswoman linda mcmahon for the department of education and also on wednesday, the senate committee will vote on kash patel for director of the f.b.i. head to c-span.org for scheduling information or to watch live or on demand any time. c-span, democracy unfiltered. c-span, democracy unfiltered. we're funded by these television companies and more, including charter communications. >> charter is proud to be recognized as one of the best internet providers and we're just getting started, building 100,000 miles of new infrastructure to reach those who need it most. >> charter communications supports c-span as a public service, along with these other television providers, giving awe front row seat to democracy. >> president trump welcomed the japanese prime mini

today jerome powell's going to be testifying on capitol hill.ion. economist john lonski joins me now. ing first of all, is there anything he can say that's going to spook the markets to the downside? >> i think the market right now is very jittery about what's going to happen with tariffs at this point in time, so it's going to really take something extraordinary the spook the markets to add to this sense of above average risk. david: i'd can ask him a question if i was on the committee nation him. i'd say why was it that when you cut rate rates the last time, the market rates, the rate of the 10-year treasury went up, in exactly the opposite direction? why aren't to you in tune with what the market traders believe? >> you know what happened, last year in terms of jobs growth we got off to to a strong start, and then it really dropped, the second and third quarters, 130,000 new jobs per month. but what i think powell didn't know was that the economy was very resilient, and that cut in rates and the accompanied jump in stock prices brought back s

all of this is federal reserve chairman jerome powell appears on capitol hill tuesday facing questionser economic issues like inflation. >> the european union has already threatened retaliatory tariffs for any new tariffs put in place by the trump administration. >> reporting in washington, i'm trevor shirley, >> right now on our camera here at sfo, there's a lot happening later on this week in the weather department. some rain is coming do damage in tahoe with some snow as the flak. and that tell you what, we are definitely going to get a a big system in the sierra and tahoe will be getting plenty but also central and southern sierra, which really needs some of the snow pack. they're going to be getting in on this, too. this is a live look from diamond peak. obviously, this is a gorgeous view. >> but we're likely to see this very covered by snow later this week. now the cold air is in place. 32 degrees right there. south winds out of at 8 miles per hour. but that cold air is certainly going to be part of this. and as we take a look at the totals we're expecting when it's all said and

the fed chair, jerome powell, ignored donald trump's demands that he put out on truth social for rate cuts. i think it's easy to think, well, nothing matters when it comes to trump and the wall street journal today, peggy noonan wrote that trump has achieved 100% cultural saturation. maybe, but he won with 49% of the vote, 4 million votes fewer than biden won by. in 2020, 50% of the country voted for someone else in november. trump is confused. he's confusing 100% submission by republican lawmakers as 100% submission by all of us, the rest of america, because the most important person in america is not the american president. it is you, the american citizen. that delusion, the fact that trump doesn't know that, is going to lead to overreach. despite the current president. americans think of themselves as good people. when trump was asked if he would visit the crash site in dc, you know, to thank the search teams who've been working around the clock in frigid water that reeks of jet fuel, to pay respects to the current burial site of dozens of victims not yet recovered. here's what he

. >> second federal reserve chairman jerome powell testified on capitol hill today, he told senators the fed is not in a hurry to lower interest rates. he added the economy is in a, quote, pretty good place. >> third, the trump administration leading into legal road blocks as it tries to put its agenda in place. today, a judge ordered government agencies including the cdc and fda to restore public health web pages that had been taken off line. it's one of several rulings that have blocked or paused executive actions over the last few days. >> here to help us go through it, aaron gilchrist and business and data correspondent brian cheung. aaron, let's start with you. nbc news is learning about frustration in the white house about all of these court rulings, legal challenges. what are we hearing from the trump administration today? >> reporter: i think we have seen some of that frustration coming from the president and the vice president themselves. we heard the president talk about some of these things as he's been doing these sort of impromptu briefings, if you will, when reporters a

. >> picked jerome. powell to lower short term interest rates.t's difficult to do that right now because if the fed cuts interest rates, too much, inflation has been a problem. if you have inflation risk in the market, the bond market might say, well, we don't think the fed is going to stay on top of inflation. maybe they're cutting too much. and so we're going to have a higher long term yield. and so what scott bessent has said in interviews this week is he's not focused on the fed and the short term interest rate. he's focused on bringing down the long term interest rate. and in theory, there are things you could do if you had credible fiscal plans to bring down deficits if you were not going to, you know, bring a lot of tariffs and raise prices on imported goods, then it's possible you could calm some of the fears we've seen in the bond market and bring down mortgage. >> rates. >> car loans, things like that. >> we don't have either of those things. thank you both for joining me tonight. when we return, could donald trump's moves to upend the

. >> the fed chair that he had picked jerome powell to lower. >> short term interest rates. >> it's difficult. >> if the fed cuts interest. >> rates, too much, inflation. >> has been a problem. >> if you have an. >> inflation risk in the market, the bond market might say. >> well. >> we don't think the fed's going to stay on top of inflation. maybe they're. >> cutting too much. >> and so we're going to have a higher long term yield. >> and so what scott. >> bessent has. >> said in interviews this week is. >> he's not focused on the fed and the short. >> term. >> interest rate. he's focused. >> on bringing down. >> the. >> long term. >> interest rate. >> and in. >> theory, there are. >> things you could do if you. had credible fiscal. plans to bring down deficits. >> if you were not going. >> to, you know, bring a lot. >> of. >> tariffs and raise prices on imported. >> goods. then it's possible you could calm some of the fears. >> we've seen in. >> the bond market. >> and bring down mortgage rates, car loans, things like that. >> we don't have either of those things. thank you both for joining

we will also get fed chair jerome powell's testimony in the capital on tuesday and wednesday.hursday will then bring january's ppi reading alongside initial jobless claims, with retail sales rounding off the week. on friday, i'll be paying particular attention to jay powell's testimony to congress. always interesting to get his take on the state of the us economy. now, in terms of the market reaction to these new tariffs that president trump put forward yesterday, here's a look for you at united states steel corp. you've got an extended trade us steel higher premarket as nippon mulls bold buyout revision. trump pledging tariffs. that is one to watch ahead of the us market. open. now coming up on the show olaf schulz and friedrich maritz clash on trump debt and nato in their first televised debate. as the country's election campaign enters its final fortnight. we'll bring you the latest next. >> home, where routine meets remarkable with unexpected moments of inspiration around every corner and through every window. quiet mornings in the sun with portals to new worlds and fine d

a final vote on confirmation could take place early wednesdayorning c-span 3, senate jerome powell talks about inflation, economic growth and interest rates and then at 2:00, a house subcommittee on health will lk about promoting healthy living and incentivizing people to make decisions, these will stream free on the video app and on c-span.org. >> nonfiction book lovers, c-span has a number of podcasts for you. listen to best selling nonfiction authors on the after words podcast. on q & a, hearing wide ranging discussions on those making things happen and hour long regular conversations on a wide variety of topics. find our podcasts by downloading the free c-span now app or wherever you get your podcast or on our website, c-span/podcast. >> if you ever miss any of c-span's coverage, you can find it anytime, online at c-span.org. videos of key hearings, debates and other events feature markers that guide you to interesting and news worthy highlights, these points of interest markers appear on the right-hand side of your screen when you hit play on select videos. this makes it easy to qui

the chair of the federal reserve, jerome powell, will give the semiannual monetary policy report for committees, first on tuesday before the senate banking committee and then on wednesday before the house financial services committee. also, c-span continues our comprehensive coverage of confirmation hearings were for president elect trump's cabinet nominees. lori travis-deremer, and nomine for secretary of labor, and linda mcmahon, who is the nominee for secretary of education. also the senate judiciary committee will vote on the nomination of cash patel for director of fbi. watch live on c-span networks or on c-span outcome our free mobile video app. head over to c-span.org for schedule information or to watch live or on-demand any time. c-span, democracy unfiltered. >> "washington journal" continues. host: welcome back. for more on the trumpet administration's efforts to reduce the size of government, i'm joined by thomas betts, the -- thomas schatz, president of citizens against government waste. can you tell us about what you do and how you are funded? guest: it was founded follo

the chair of the federal reserve, jerome powell, will give the semiannual monetary policy report for committees, first on tuesday before the senate banking committee and then on wednesday before the house financial services committee. also, c-span continues our comprehensive coverage of confirmation hearings were for president elect trump's cabinet nominees. lori travis-deremer, and nomine for secretary of labor, and linda mcmahon, who is the nominee for secretary of education. also the senate judiciary committee will vote on the nomination of cash patel for director of fbi. watch live on c-span networks or on c-span outcome our free mobile video app. head over to c-span.org for schedule information or to watch live or on-demand any time. c-span, democracy unfiltered. >> "washington journal" continues. host: welcome back. for more on the trumpet administration's efforts to reduce the size of government, i'm joined by thomas betts, the -- thomas schatz, president of citizens against government waste. can you tell us about what you do and how you are funded? guest: it was founded follo

the chair of the reserve jerome powell will give the semi annual monetary policy report before two committeesfirst on tuesday before the senate banking committee and then on wednesday before the hse financial services committee. also c-span continues our comprehensive coverage of confirmation hearings for president-elect trump'sabinet nominees. the senate heah, education, labor and pensions committee will hold hearingsor two nominees, on wednesday former oregon republican congresswoman laura chavis the nominee for secretary of labor and on thursday for former businesswoman linda mcmahon who is at the nominee for secretary of education. also on thursday the senate judiciary committee will vote on the nomination of kash patel for direct of the fbi. watch live on the c-span networks or on c-span now our free mobile video app. also head over to c-span.org for scheduling information or to watch live or on-demand anytime. c-span, democracy unfiltered. >> john dickinson is one of the most significant founders of the united states who is not well known all the american public. a new biography, john d