Politics Jun 10 WATCH: Senate Banking Committee holds hearing on artificial intelligence By News Desk and Kaitlyn Huamani, Associated Press
Politics Feb 05 WATCH: Bessent tells Senate panel it would be president's choice of whether to sue fed chair over interest rates Treasury Secretary Scott Bessent said Thursday it would be “up to the president” to decide whether or not to sue Kevin Warsh, Donald Trump's nominee to lead the Federal Reserve, if he fails to lower interest rates. By Fatima Hussein, Christopher Rugaber, Associated Press
Politics Feb 11 WATCH: Powell says Fed 'well positioned' for 'risks and uncertainties' that lie ahead for economy After cutting its key rate a full percentage point in the final three months of last year, with "the economy remaining strong, we do not need to be in a hurry to adjust our policy stance," Powell said in written… By Christopher Rugaber, Associated Press
Politics Dec 06 WATCH: Wall Street bank CEOs oppose proposed Biden regulations in Senate hearing The banks contend the new regulations proposed by the administration would curtail lending and weaken bank balance sheets at a time when the industry needs more flexibility. By Ken Sweet, Associated Press
Politics Jun 22 WATCH: Fed Chair Jerome Powell reinforces likelihood of more rate hikes Chair Jerome Powell reiterated Thursday that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy's service sector and the surprisingly tight job market. By Matt Ott, Associated Press
May 18 WATCH: Senate committee holds hearing on oversight of banking with regulators By Associated Press The Senate Banking Committee held a hearing on oversight of the finance industry with federal regulators on Thursday. Continue reading
Mar 28 WATCH: Senate panel holds hearing on recent bank failures and the federal response By Christopher Rugaber, Associated Press The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but its managers failed to take the steps necessary… Continue reading
Sep 22 WATCH: Heads of major banks testify in Senate Banking Committee hearing By Ken Sweet, Associated Press The CEOs of the nation’s biggest banks were in for a second day of tough questioning from lawmakers Thursday, as Americans face inflation not seen since the early 1980s and a midterm election is only weeks away. Continue reading
May 10 WATCH: Treasury Secretary Yellen Capitol Hill testimony on finance touches on abortion By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen's appearance before a Senate committee took an unexpected and tense detour into the abortion debate Tuesday when senators questioned her about the potential impact of an abortion ban on the American economy. Continue reading
Feb 17 WATCH: White House economic advisor Cecilia Rouse testifies before the Senate Banking committee By News Desk and Associated Press White House economic advisor Cecilia Rouse testified before the Senate Committee on Banking, Housing and Urban Affairs on the state of the American economy. Continue reading