powell: yes. sen. van hollen: and at the same time, the trump administration has restricted federal agencies from providing the public with information about the bird flu, avian flu, which is part of the cost of egg increases. what we are really facing here is an administration that campaigned on bringing down prices and is not doing that. did not campaign on project 2025, and that is what they are doing. when it comes to prices, mr. chairman, the president is also talking about significant increases in tariffs. our republican colleagues are also talking about passing a tax bill that gives disproportionately to the super wealthy and which will add trillions to the deficit by their own account. talking about playing with the baseline. my question is simple. all things being equal, do big increases in tariffs and increasing the deficit and debt put upward pressure on inflation? this is that simple math? mr. powell: you know, it really does remain to be seen what terra policies will be implement to a

powell: absolutely. our view at the fed is to be very much intend to complete the basel iii endgame. the basel accords are important to set minimal standards for international banking around the world. we expect that we will be at we are kind of on hold until the u.s. banking agencies are back up and running with new leadership. but once they are, we fully expect you get back to that work and complete the basel iii endg ame. i have good reason to think we will be able to do that. that's good -- anil: that's good news. a little bit of inside baseball, there has been a lot of discussion the last few weeks about changing some of these statistics emphasized about the economy, and the commerce department recently disbanded the federal economic statistics advisory committee. and i know during covid you felt like there were many indicators in the economy that were kind of broken or not so helpful. do we need to worry about whether the fed's ability to do its job might come into question because of deficiencies

chair powell: yeah. so, i think it is actually still early to say i think we will be doing -- the question of what happened and why and what, what all those questions around the events of the pandemic and the inflation and the efforts to -- in inflation, economists are going to be battling over that for long after all of us are gone. but i would say a couple of things. one thing is just that the tails are fatter than you think. human nature is, we always talk about uncertainty in how we understand it is highly uncertain. we say all the time. the tails are fatter than we think. so nobody saw the pandemic coming. obviously. it was not reflected in our framework. when it came, we went back to the old framework and dealt with it. but it was, you know, there is always, that is one thing. secondly, i think if you look, and i talk about this at jackson hole last year. if i look back it looks to me like what you had was a global burst of inflation everywhere at the same time. and largely you have to look at glob

michael: powell likes persona agency if bureaucrat, he has been behind the eight ball since showed upmp 1.0 limited to nominees, congressmanly confirmed, this is -- this is the only one still left around, powell very quick to tell you that does not answer to the president believes himself a fourth branch of government that is truly independent not in constitutional but jerome powell believers he is his own island not to put someone more friendly on regulation makes you wonder is really part of moving america foorld or part of the quote/unquote resistance? because, you know, moving too slow to raise interest rates led to crippling inflation, throughout this, and then now cutting interest rates only to magically change policy shortly after election, i question everything does, i question why still there, i think the president can remove him if he wants to it will take a long drawn out fight maybe wait for do at. >> i am hearing jay powell is making the case to the administration, don't wore about this, i will handle this, i will absorb this role and we also have a committee, that commit

and the powell that we just watched, you saw live and in person was a relaxed jay powell. there was no sense of panic. he made a couple of jokes. there were some funny lines. the crowd laughed. do you think part of this market i feel like is coming back? because powell himself didn't seem that concerned. >> you know, it's an excellent observation, brian, and one i really hadn't thought of, but i'll venture the following. powell is in a place now where what he has to do is not really dependent upon actions that he takes. i would imagine a much more nervous powell when you had inflation above 7%, and outcomes are entirely reliant upon his reaction to that inflation or when inflation was low and he had to figure that out, or when he had a banking crisis to deal with. right now, he is not in control of what the administration does. so in terms of finding a zen with your policy and with your outlook, all he can do is take a step back and just wait and watch what happens, watch the data and react. but he is not in control, or nor will he be responsible for what happens at the ad

don't miss my take on a wild one that never used to be wild powell industries. and after a choppy week for the markets, i'm helping you stay steady in all stocks with a round of m, i diversify. so i want you to stay with cramer. >> don't miss a second of mad money follow jimcramer on x. have a question. tweet cramer hashtag mad mentions. send jim an email to madmoney.cnbc.com. or give us a call at one 800 743 cnbc. miss something. head to cnbc. miss something. head to madmoney.cnbc.com. it all started with a small business idea. it's a pillow with a speaker in it! that's right craig. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow! while. >> helping to protect the natural environment. learn more about. >> our modern landfills. >> at wmur.com slash stories. >> plastic i

maria: ro i don't think federal reserve onboard with cuts talking about this next because jay powellent out email to staffers last week saying ignore the opm email what you did last week, getting to it we are just getting started stay with us quick break then president trump lays out whirlwind issue accomplishments in second administration to joint session of congress pennsylvania congressman was there talking about it whether or not fed onboard with cuts coming up you are watching "mornings with maria" live on "fox business" stay with us. ♪ i lost my way, ♪ . . en reno... we meant that literally. sofi personal loans. low, fixed rates. borrow up to $100k. no fees required. the way i approach work post fatherhood, has really trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families like my own. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. (♪) (♪) what took you s

the fed is not offering comment but powell has not been on board with the trump agenda cuts.staffers to ignore the email demanding to explain what they accomplished last week. weekly secretary besson suggested to me the trump administration will name a new bank supervisor but we have yet to hear who that is. give us your sense of this raw and the impact it has on the broader economy? >> first of all it is not that critical. paul volcker wanted the vice chair of supervision to give it more prominence but prior to that, the chairman of three governors, they had a lot of influence and were involved in it and they were more in touch with the board as a whole on regulatory matters and i thought that was a fairly useful way of doing things. didn't have the prominence of the vice chair but you still had a board of governors more involved in this provision which is helpful. when they take on particular authority they have to go through them and the vice chair, he or she can ignore other governors until the final decision is brought to the full board, they are not well briefed on it,

in the u.s., fed chair jay powell is such a speech tomorrow at this time. for more on what that might mean for the u.s. bond market and the recent moves we have seen, let's bring in lisa hornby from schroder investment. great to speak with you. i just want to get your take on the german bond rout, whether that is really spilling over in any way even in terms of sentiment to the u.s.? >> i think the spillover has been surprisingly limited considering the fact that markets are fungible. people can choose to allocate capital in different regions of one region is seen yields rise as dramatically as we did yesterday, the other regions should be susceptible to that as well. i think in the context of broader bond markets, there the context of credit. we think about the demand that has come from european investors for u.s. dollar denominated corporate credit because yields here were so much higher,-year-olds were more attractive, that relationship becomes a little more tenuous now with bunds having moved 30 basis points. and that aftereffects hedging costs were yie

i gotta give jay powell credit. the speech he gave today to chicago's business school here in new york. basically he is saying don't panic we are not going to panic we're going to look at the whole set of trump policies and see where it leads. i think he has to get credit for that, it's very evenhanded and calm and very accurate. >> were one month into a trump administration. they have to see how this is going to play out, you look at the economy is maybe a baby. the baby is trying to learn how to walk now without the government assistance. the baby is going to be a little wobbly as it goes up and gets footing in the baby starts running were in the wobbly phase as the president is trying to weed off the government assistance that the budget administration has created. you look at the jobs cover in government, i went back and i looked under the four years of the trump administration the first trump administration government lost 626,000 jobs that is state, local and federal over the four years of the biden administra

jerome powell was right it's been years without one when scott took over.ee who we names and if the president names that find. if scott bessent decides that's what he wants. but that's what the court of under board of governors is for. that's one of the reasons i did not sign the letter. >> if they don't name a replacement to michael barr then are you okay with jay powell absorbency role of bank supervision into his role. >> jay powell will assume his duties and do what he thinks he needs to do but again the board of governors to make that call and make that decision if president trump thanks one is needed to affect the board of directors and direct them that i'm fine with that. the fact that the letter came pretty quickly a lot of us did have time to review it. but we'll see who he names antifreeze in place will go along with it. maria: a dozen senate committee chairs appointee john thune to rewrite the budget set of moving forward with the past house budget. this growing frustration over the consideration of your long government funding bill that could cu

we're minutes away from hearing from fed chair powell. first, we're going to go to washington because we have our own tyler kendall at the white house. respond here to the president's comments he did also speak about ukraine. he believes putin. he said if ukraine doesn't want to settle, we are out of there. but tariffs are the big story hitting the market and lot of uncertainty through the weekend. tyler: yeah, sonali, a lot of uncertainty. we could see rekidnap cal -- reciprocal tariffs. he didn't say wednesday march 12 but april 2 had been the date that had been circled on the calendar. it is 24 hours after president trump gave some sort of reprieve to canada and mexico exempting the compliant goods. the goal here was for canada and mexicoing to move towards accomplishing some of president trump's border policies and they would like to see the u.s., those tariffs taken off the table ahead of that april 2 date so a host of other levees, such as chips, autos could go into place on april 2. it's important president trump talking about manu

and you noted powell. he was really the white knight today because on a payroll number that was somewhat mixed i would say at best. but it wasn't a disaster. so therefore it could have been worse. you had scott bessent, the treasury secretary, who was out there talking about a detox for, you know, essentially the economy or the markets or people that are expecting the kind of fiscal full plate that we've gotten over the last ten years. and i think that's fair. i think there are a lot of people that are ready to listen to that and acknowledge it. but the treasury, excuse me, the fed chairman, was really the big deal today. >> yeah, the economy is fine. we can. >> afford to wait. >> we'll see how. policies net out. all good things that markets wanted to hear. >> i think. >> yeah. >> especially given. >> the context. so leading up to that, you had seen. early parts of the day being much. >> more positive. >> and. >> then rolling over into the later our trading session. so i. >> think, you know, that reversal

for the moment it is not the president but fed chair jerome powell who is moving the markets pulling them out of an earlier hole. so etiquette hads show you at noon eastern, the dow which was down 403 points at the lows, started to make a run for the green just as fed chair powell began speaking at the u.s. monetary policy forum in new york city. you'll see the same pattern with the s&p as we scroll through that, nasdaq, russel. powell struck a calm, composed and i don't know, even sanguine tone about the economy saying it and the u.s. financial system are in a good stable place so here is what wasn't stable. the 10-year yield spiked when he said the cost of being cautious about another rate cut was very low. it went from 4.25% to 4.313% and right now, it is at 4.319%. he even shrugged off slightly weaker-than-expected february jobs report out this morning which showed unemployment did tick up to 4.1% warmer than the 4% expected and a slight miss on job creation which came in at 15 1,000 versus the 160,000 estimate. now, when asked about president trump's on again off again tariff po

. >> sandra: this is following jay powell's comments. the markets are listening. >> john: it preseeds larry kudlow's comments. he's standing by. let's go to ed lawrence with the latest. what impact has it made to the work force? don't forget, larry will be critiquing every word you say. >> the jobs report is compactly what the federal reserve wanted to see. the unemployment remains in the neutral range. 151,000 jobs created. that was in the range that they were looking for. this means basically the hint is no rate cuts. status quo. one glaring part of this jobs report is that government sector jobs did not leave the hiring. governments lost 10,000 jobs historically. this tracks with a trump administration. when you look at the government hiring from state, low educational and federal under the first trump administration, the government lost 626,000 jobs 2017 to 20. under the biden administration, the government sector added 1.8 million jobs from 2021 to 2024. this is taxpayer money that could be saved or used in other ways. kevin hassett

what are you looking to hear from jay powell? know he goes into these conversations hoping to not make news. callie: yes. he's usually good at that. the fed is in a pickle now. jay powell's words during this week, during this volatility, or more important than they usually are. you go back to the fed's dual mandate prioritizing stable prices and maximum employment. they are kind of at odds now. obviously, there is a real risk to the job market and on the other hand, tariffs to boost prices and cause companies to feel more empowered to lean into higher prices. i'm not ready to say stagflation yet but you are at the beginning of the fed having to choose one side of the mandate versus the other end lately they have been biased towards looking up policy and the inflation side of the mandate. i want to hear from jay powell, what side he is looking at and how it has changed over the past few weeks and how the fed plans to change policy with the new information. scarlet: we have a new economic data as well as a jobs report friday. how w

to replace barr exited that roll last week as i reported sources in banking and congress tell me powellg to keep role open absorb supervision role into this is own role senators congressman on house financial services senate banking committee sent a letter urging treasury secretary scott bessent name a new supervisor for regulation surrounding banks if not those rules on capital stay as is status quo, powell apparently not onboard with trump agenda cuts spending this out telling staffers ignore the office of personnel management emails demanding to know what people accomplished last week, the treasury secretary suggested to me that trump will name a new bank supadvisers we have yet to hear who that is texas congressman roger williams signed that letter to second bessent yesterday congressman good to see you this morning. thank you so much for being here, tell us, what you would like to see in terms of the person leading bank supervision at the federal reserve. >> look it, i understand powell wants to do more for his role we've got we need somebody, that understands that they are gonna w

scott bessent scott to fill a seat if not rules on capitol say as is, my exclusive reporting jay powellite house to try to not fill role so could absorb a banking roll banking supervision for himself south carolina senator chairman tim scott great to see you. thanks for being here. >> good morning always good back thank you. maria: first talk about debanking i was stunned i spoke with melania trump first lady before the election, she told me as soon as she left white house last time around banks decided that they weren't going to bank her anymore. >> like a modern day redlining there are choosing conservatives to cut out of condominium i can't believe thousand they reduce reputational risk to conservatives melania trump of all people will forked go's sake first lady of our kin conservation access to financial system of our country without it doesn't stop with melania goes to sectors, like cryptocurrency, where the biden administration regulators decided having a chilling effect on cryer cryptocurrency world repulsiving innovation into other country's hands bring innovation backs to amer

c-span spent his life at the university of chicago for remarks by federal reserve chairman jerome powell on the economy. introductions are underway. >> it is great to be here. i see a lot of familiar faces. i am glad it turns out we don't actually have a majority of the fomc here so we can speak to each other without violating the government sunshine law. i have some brief remarks about the economy and and i look forward to our discussion. despite the elevated levels of uncertainty, the u.s. economy continues to be in goods place. the labor market is solid and inflation moved closer to our 2% longer run goal. at the fed we are intently focused on dual mandate goals given to us by congress, maximum employment, stable prices. turning to the recent data, the economy has been growing at a solid pace, gdp expanded at 2.3% annual rate in the fourth quarter of last year, extending a period of consistent growth that has been supported by resilient consumer spending. recent indicators point to a possible moderation in consumer spending relative to the rapid growth over the second half of 2024. fu

very important during biden years fed chair j powell swayed with the wind. and debanked and terrible supervision of silicon valley. j. powell provided identify a real mess, and president trump appointee mickey bowman will get the nod to become fed vice chair for bank super i supervision. now, scott b bessent defended trump's campaign to stop unfair trading practices and currency manipulation and intellectual property property theft, and president trump today paused the 25% tariffs on mexico and canada giving usmca, a 30 day prebrief, trump is ride about unfair trade -- trump is right about unfair trade, i spoke with bessent about this, there is no equivalent between communist china and united states for example, high time that trump's idea of reciprocity is put in place, if u.s. does not do it the world trade organization, will never do it. and our heartland industries will continue to suffer. mr. trump's review process may be a little disheveled at moment but pome policy itself is correct, king dollar will continue, he is very pleased that bond rates are co

jay powell presided over a real mess and incidentally looked like trump appointee mickey bollman, a member of the federal reserve will get the nod to become the fed vice chair for bank supervision and that'll be a welcome relief from jay powell's woke policies. now, scott bessent defended president trump's campaign to stop unfair trading practices and currency manipulation and intellectual property theft and incidentally president trump himself today paused the 25% tariffs on mexico and canada giving usmca a 30-day reprieve. you know what, trump is right about unfair trade. i spoke with bessent about this it's high time that trump's idea of reciprocity is put in place if the u.s. doesn't do it, the world trade organization will never do it and our heartland industries will continue to suffer. mr. trump's review process may be a little dishevelled at the moment but the policy itself is direct. meanwhile according to bessent, king dollar will continue to reign and he's very pleased that bond rates are coming down and bessent is a growth guy. always been a growth guy. i talked at some length

>> chairman powell doesn't like to come out and say everything.e to read between the tea leaves. he did say there's a lot of uncertainty about this administration's trade policies. by the way, he's not the only one. that's why you saw the markets seesaw this week because there's so much uncertainty. that of course impacts what are you going to do with interest rates? >> john: right. uncertainty is this big thing out there that's hard to get your hands around until he measured by the drop in the stock prices. the president held a crypto summit at the white house. what should we take away from this? >> big win for a crypto industry. they are big supporters of him. he says he's going to be the first pro-crypto president. we got an executive order creating a strategic bitcoin reserve. we have a lot of strategic reserves: gold, oil, cheese, i found out. you use it when necessary essentially. this is different, though. we are not going to be buying more cryptocurrency. instead we're going to leverage what we have seized as a government from fraudulent a

matt: fed chair powell takes the mic as the markets are in

a last-minute rescue by chairman powell, what was going on. >> it could've been a uglier week powell came out and said good comments friday afternoon about the economy in a good place and sparked a rally but the s&p 500 and the nasdaq still have the worst week of the year. there in bad losing streaks as well there is a lot of worries to go around one is the a.i. trade they make chips for these companies to use an a.i. they had earnings and got slaughtered after releasing them the market bounce back when brought, came back but there's a problem with the a.i. trade and then you have the uncertainty around the trump tariffs that has it helped it cause the market to sell off. >> you could see an outright contraction in gdp in the current quarter. >> if you look at atlanta fed gdp which is a tracker they update what gdp would look like given the numbers that we have it is putting a very big decline in growth during the first quarter of the year. we are early in the quarter were not sure how it's going to become a lot of that is due to imports coming in there are a ton of them because of t

okay, ron, you heard what chairman powell just said. what are business leaders telling you about this level of uncertainty? >> well. >> i mean, i think that's the key. >> word, chris. >> and neither. >> markets nor business. >> leaders like uncertainty. >> they would. >> prefer clarity. >> in and around. >> any changes in policy as, as jason. >> furman was saying in the. >> last hour, whether it's around business policy, fiscal policy, trade policy, a roadmap that's established and well understood allows for businesses to plan for the future. >> but this on. >> again, off again tariff and trade war that is ongoing is. >> creating all kinds. >> of difficulties for businesses to make plans on, on procuring inputs for production here in the united states or exporting to, to other markets overseas. and so this this level of uncertainty is undesirable on a wide variety of fronts. even consumers are somewhat concerned about this. so for the moment, this is the order of the day. and until we get more clarity around what's going to happen, i wo

and then fed chair powell reassured investors about the economy. joining us on how to navigate all of this volatility is ben schneider. he's senior equity strategist at goldman sachs. ben it's great to speak with you today. i mean we've had four and a half days since this latest tranche of tariffs were implemented. it almost feels like four years. and headlines moving in every direction. developments coming every which way depending on which white house official or cabinet official is speaking, including the president himself just earlier today. how do you navigate this as an investor, especially given the fact that we went into this administration just 47 days ago with stocks overvalued? >> i think. >> you're exactly right. >> the key issue so far this. year has been the market's struggle to assess the forward trajectory of the economy. and as you noted, we entered this year with investors very optimistic. >> about what that growth path would. >> look like. >> and over the last. >> few weeks we've seen a. >> very sharp downgrade. now, the good new

the credit and put in this case the powell put and speculation going for the existence of the trump put. i would note of course thinking about that time period and tariff years and around then and also the market had a similar reaction that we're seeing right now where it became a little bit wobbly and that's that red circle right there and i can tell you if you sold at that point and obviously very disappointed and understand understand where we are today and the rally stalled and kept going on and bring in chief market strategist. this is the goldman sachs panic index and it's crazy and the whole lot of panic and we've been spiking here since last summer with the market very narrow going for the seven stocks and high volatile situations. charles: you get wokly. wobbly. >> yes, they're great but look at it and that's what's causing this and the fact of the matt service connected to your point, headlines could be worrisome and markets incredibly good at climbing the role of worry and going for them. charles: it's the mag seven and certainly the fed rate, that was the right advice an

. >> fed chair jay powell, speaking today after the jobs report was released. powell says the economy is in a good place, despite what he calls high levels of uncertainty from new policies, including tariffs. >> the path to sustainably returning inflation to our target has been bumpy and we expect that to continue. >> trump dodging a question on how long things will cost more for american consumers as a result of these tariffs, only saying there will be some disturbances. perry russom, abc news, washington. >> getting around on public transit in silicon valley may turn into a real headache on monday, as vta workers prepare to walk off the job. negotiations have broken down between management and the union, representing 1500 bus and light rail operators, maintenance staff and customer service workers. the union is asking for bigger pay increases and changes to conflict resolution policies. vta has offered a 9% wage increase over a three year period. a statement yesterday by vta says, quote, we value our employees and have made a fair and reasonable offer. our ap

says something makes them think even more between jobs report, powell comments could see more one ofulls this market of out of the tail spen. maria: if you are expecting three rate cuts if we get three by fed that maintenance you are talk you go about a dire financial sayings you are talking about recession 3 rate cuts reaction. >> 10% of the population buying 50% goods, and all so-called excess cash long gone from bottom you know 75% this country most people are already in day recession, most people have been in a recession when they went to polls in november in a recession a lot doesn't show up will become every 359 debit needs feedback rejiggered looked at why even talk about 3u6789 when we should look at u6 employment numbers almost everything we use to measure essay way off a massive disconnect between wall street economists main street why you get things we got in december. >> charles staking with us, tune in on tuesday, march 11 charles will host making money's a matter of faith investment, a special on "fox business" must watch 2:00 pm or an with charles quick break all-hands

i think the j powell fed throughout there jay has been tremendously good at learning from any miscues that they have made. he pulled down during the pandemic all of bernake's special programs. powell had to figure out how to unkind the balance sheet all the way down and that was a miscue and being more ambitious on how low and in september of 2019 there were warning bells more needed to be done and then the pandemic got there. i think if you had another four-years or another chair like jay powell with that exes experiencethey would continue te on those features. >> brian one of the things i wanted to ask you about, i talked to a lot of people that are worried about the plumbing and we have seen some seizures out there. we haven't seen something like the uk but the august wind out and the flash crash with that. what do you see given how close you are to the plumbing of the financial markets and what worries you most in this time of uncertainty. >> yeah, so some of those events like the unwind episode i don't think they were financing markets, they were much more positioning and it happ

midday after some. >> soothing words from fed. >> chair powell.l closing out. >> a bumpy week. >> for the bulls. soft data. >> and tariff uncertainty. >> weigh heavily on the. >> major averages. >> that's the scorecard. >> on wall street, but winners. >> stay late. >> welcome to closing bell overtime. i'm jon. >> fortt with. >> morgan brennan. >> well ahead this hour techs terrible week. we're going to talk about the big drawdown for names like tesla, nvidia and netflix. and if it's time to start buying these dips. >> plus the next wild card for investors. >> ray

powell saying at a conference in new york city that despite some uncertainty, the u.s. economy is in a good place with a solid labor market. employers added 151,000 jobs in february, with unemployment ticking up to 4.1%. powell also indicated that the central bank can wait on interest rate moves while it watches to see how president donald trump's tariff policies play out. >> recent indicators point. >> to a possible moderation in consumer spending, relative to the rapid growth over the second half of 2024. further, recent surveys of households and businesses point to heightened uncertainty about the economic outlook. it remains to be seen how these developments might affect future spending and investment. >> well, president trump called the numbers fantastic. some economists had forecasted employers would add more. analysts say the full scope of the economic fallout from government cuts may not be clear until springtime. >> okay, so let's discuss the economic outlook this afternoon with jim wilcox, economics professor at the graduate school at uc berkeley. first, jim,

the new remarks from federal reserve chair jerome powell. his comments on the u.s.nomy despite he the war between russia and ukraine. >> and they don't have the cards. they don't have the cards. as you know, we're meeting in saudi arabia on sometime next week early, and we're talking. what i find that in terms of getting a final settlement, it may be easier dealing with russia, which is surprising because they have all the cards. i mean, and they're bombing the #### out of them right now. >> president trump's comments come one week after his tense meeting with ukraine's president volodymyr zelensky at the white house. president trump touted his relationship with russian president vladimir putin, saying the russian leader wants to end the war and that president putin will be more generous with ukraine than he has to be. federal reserve chair jerome powell spoke at a conference in new york this morning in a highly anticipated remark on the economy. >> despite elevated levels of uncertainty. the u.s. economy continues to be in a good place. the labor market is solid. a

eastern, federal reserve chairman jerome powell will deliver keynote remarks at the 2025 u.s.onetary policy forum hosted by the university of chicago school of business. and at 7:00 p.m. eastern, jamie raskin will be joined by law professors and human rights advocates for a discussion on civil rights and global law, hosted by politics and prose bookstore. watch live coverage on the c-span now apple or c-span.org. -- c-span now app or c-span.org. sunday, author of all the president's money talks about his committee's 15 month investigation into the business practices of then president biden and members of his family. in this interview, he argues the bidens have benefited financially from corrupt financial dealings involving china and other countries. >> six different banks filed 170 five suspicious activity reports against the biden come up most when he was vice president, and then they were system -- subject of another 50. no bank would file a suspicious activity report against the sun of a prominent politician unless they were darned sure that a financial crime had been

when it comes to oversight we had samantha powell in here last congress.asked her for information and as often the case when congress has a coequal branch asked for information the executive tries to stymie that. the democratic right house and democratic-controlled usaid did not want to cooperate with these investigations. the executive often times refuses to cooperate. .. seems to have totally failed so i want to bring up in 2021 usaid announced central america global, a five-year, 300 million-dollar initiative to pay global organizations in el salvador, guatemala and honduras to address root causes of migration. this initiative did not require training of staff release progress because usaid did not regulate the training. many of the members part of the longest shutdown in u.s. government history over a border wall are still here and we still hear them saying they potentially have the government so i would like to ask the panel if they have lots on is that usaid initiative root causes of migration the right way to go for this building a border wall the r

be back with you on this second hour of chris jansing reports at this hour, what fed chair jerome powell said about his next moves on interest rates and what president trump has to do with it. and a second measles death has now been reported amid the ongoing outbreak, this time in new mexico. what we know about this latest death coming just over a week after a child in texas became the first person in the u.s. to die from measles in a decade. plus, the d.o.j. is putting out the call to boost hiring in border districts eyeing positions now in immigration enforcement. what it could mean for addressing one of the president's top priorities. also, in two hours, we will get an update on the mysterious deaths of legendary actor gene hackman and his wife. what we know now. our nbc news reporters are following all of the latest developments, but we start with the latest from federal reserve chairman jerome powell. nbc's brian chung has the details. what exactly did he say? because people are buzzing about it. >> well, there's a lot to talk about, considering that we just got a job report this mo

payrolls on friday, chairman powell addressing the nation as well.efore we get there, a tariff deadline in the next 24 hours. setting the tone for this market worldwide. an additional 10% on imports from china. lisa: at a time when more broadly the market's position that this will not go on and this will be a negotiating tool, companies are taking this seriously and some of the data that i thought was most interesting last week was the trade deficit for january in the united states surging by 25% with the expectation that a lot of companies are trying to get ahead of these exports. annmarie: howard lutnick, president trump's commerce secretary went on fox of the weekend and said it is a fluid situation meeting obviously talks are ongoing and there could be potentially an agreement between both these countries. but then he goes on to say there are going to be tariffs on tuesday on mexico and canada, exactly what they are we are going to leave to the president and his team to negotiate. so it sounds like tariffs are going on but maybe the level might b

also keep in mind we've got jay powell speaking.ht now we want to take a look at futures in the green across the board. looks like the dow would open up about 50 points higher. so this action after president trump announced temporary tariff exemptions for canadian and mexican imports that are covered under the usmca trade agreement at least until april the 2nd. but he noted it's only a temporary exemption. take a look right here. it's 50% of mexican imports and just over a third of canadian exports. >> it's just a. >> modification short term. because i didn't want to hurt the american. it would have hurt the american car companies if i. >> did that. >> did you. >> consider the same. >> sort of. >> exemption or. >> pause for the auto tariffs you're. >> talking about. >> next month? >> we're not looking at that. >> no you're not. >> no we're not looking at that. no. >> all right. following that announcement we'll do a check of the etfs that track the countries that are caught in the tear in the trade war. trump making it a point to si

the nasdaq down 483 that's two and two thirds% at 4:00 o'clock on wall street federal reserve jay powellpeaking today with fed governors this will be the last public speech before the next rate decision coming in just two weeks, the yield on the ten year treasury up a fraction at four-point to 7% let's take the crypto prices this morning ahead of the summit at the white house, president trump citing an executive order establishing a strategic u.s. bitcoin reserve and ahead of today's first ever crypto summit at the white house. everything you need to know coming up. were waiting on the february jobs report at 8:30 a.m. eastern after ricoh that expected adp report on wednesday we expect to gain in jobs and 160,000 for the month, european markets are lower take a look at the eurozone with s&p 100 in london to stop 40 points the cat caught in paris is down 85 in the dax index in germany is lower by 382. in asia overnight red across the board as well take a look at the embassies were the worst performer was japan the nikkei average down better than 2%, joining the conversation numbered among

contemrare just here on powell street. a lot of the luxury retailers are expanding neighborhood print. >> we talk about the area with a rich history. what about the spaces and stronger sense of community. >> yeah, you know. i have to say these challenging times brought the community together. we had a unique opportunity here. was an opportunity to look at the district and assess where we might need something. we need a bit more of everything. we broke it down into different categories. we looked at economic development and change offering. people were accessing, you know, nightlife, food, or shopping differently out of the pandemic. we wanted to look at marketing and what it meant to get the news out about what we were doing in the district. looking at our own organize as well and what we would need to get that out there. also creating a safe space. we are creating a safe and secure area. our locals in particular you can go shopping anywhere in the bay area. any of those places will look like any other place. in san franci

the message from chair powell was with a still solid labor market we can afford to take our time andhis combination of policies, trade wars, tariffs, restricted immigration and fiscal policy potential the regulation, how does that all fit together and affect the overall economy? they are taking a wait and see approach. amna: julia coronado, macro policy perspectives, thank you for your time and insights. we appreciate it. julia: my pleasure. ♪ geoff: the day's other headline started western texas were health officials say an ongoing measles outbreak is affected nearly 200 people. the extremely contagious virus has spread to other parts of the u.s. the cdc says it has confirmed cases in 12 different states. the vast majority infected have been under the age of 18 and people unvaccinated. at least one person has died and authorities are looking into a second measles related death. the cdc said the risk of a broader measles outbreak remains low. the trump administration is canceling four hundred million dollars worth of grants and contracts for columbia university. officials cited what

. >> on friday, jerome powell will deliver remarks at the u.s. monetary policy forum. you can see it live at 12: 30 p.m. eastern on c-span, c-span now, our free mobile app, or online at c-span.org. ♪ book tv every sunday on c-span2 features leading authors discussing their latest nonfiction books. here's a look at what's coming up this weekend. at 8:00 p.m. eastern, reason magazine senior editor brian doherty talks about the modern libertarian movement led by thinkers like iran and barry goldwater -- like aynd rand and barry goldwater. sally pipes talks about the rise of the american pharmaceutical industry and warns against enacting european-style prescription drug controls. at 10:00 p.m. eastern on afterwords, this journalist questions whether the u.s. is forsaking its core values after 20 years of covering wars around the globe and social unrest. he is interviewed by author and university of oxford modern middle eastern history professor eugene rogan. watch book tv every sunday on c-span2 and find a full schedule on your program guide or watchnline anytime at booktv

remarks now from fed chair jerome powell who addresses the labor market, inflammation, the economy and how the trump administration's policy will impact trade regulation. this is just under 30 minutes. six

you can see it dipped way into the red earlier and has since gone positive after powell's remarks. investor just rogers. i haven't seen you on tv in awhile. we know you moved to singapore and dubai. great to have you here. what is your perspective on the american economy today? >> i have -- america has had the longest stretch in the stock market without a problem in our history. i have sold my american shares because maybe it's going to go on forever. it never has. so i'm worried. i see signs around the world that problems may be coming. >> sandra: very interesting. you know, i thought of you and gave you a call as you well know. when i -- i knew the story behind the new treasury secretary and you, jim. that's scott bessent. i called to confirm whether or not he went through his confirmation hearing process, if he was talking about you when he said this. call for 4, guys. >> when i was 9 years old, i started working two summer jobs. i haven't stopped working since. i eventually made my way to yale, i accepted my first internship in finance because the job came with a pull-out sofa