The Fed Chair News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from The fed chair. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In The Fed Chair Today - Breaking & Trending Today
the end of the tunnel, more investors by day s end concluded it was a train coming at them and fast. to susan li with what went down by stocks going way down. susan? you re right. we did close off that bear market level. the dow jones industrials sub 30,000 now. the lowest close that we ve seen for the dow jones since november 2020. that means the last two years of gains have been wiped out. you have fear an wall street at the highest in three months. several factors here affecting sentiment. that includes the on going war in ukraine and also a stark realization this week that the federal reserve and chair jay powell is serious and adamant to keep raising interest rates in order to kill and bring down 40-year high inflation. 75% of wall street now expected interest rates to cross 4% in november this year. that means you re getting the highest yields on ten-year government bonds in 12.5 years. so the good news here is that higher rates is destroying demand. that s brin ....
our exclusive reporting by cbs more hearings as new evidence pores in as cbs news obtained these new images from a never- before-seen documentary. the desperate search for survivors. a deadly earthquake his afghanistan, killing over 1,000, and injuring more than 15 money 1,500 more. dangerous heat waves. record-high temperatures from texas to south carolina. outrage grows in uvalde. our interview tonight with the father who lost his nine-year- old daughter, and said he s disappointed with the investigation. it hurts, you know. o donnell: our cbs news investigation. a look into an online mental health provider accused of over- prescribing drugs like adderall. tonight s other top headlines: a shark attack off the california coastline. plus, yellowstone, one of the country s national treasures, reopens. this is the cbs evening news with norah o donnell, reporting from the nation s capital. o donnell: good evening, to our viewers in the west, and thank ....
robert costa. more hearings as new evidence pores in as cbs news obtained these new images from a never-before-seen documentary. the desperate search earthquaks afghanistan, killing over 1,000, and injuring more than 15 money0 more. dangerous heat waves. record-high temperatures from texas to south carolina. outraging grows in uvalde. our interview tonight with the father who lost his nine-year-old daughter, and said he s disappointed with the investigation. it hurts, you know. o donnell: our cbs news investigation. a look into an online mental health provider accused of overprescribing drugs like adderall. tonight s other top headlines: a shark attack off the california coastline. plus, yellowstone, one of the country s national treasures, reopens. this is the cbs evening news with norah o donnell, reporting from the nation s capital. o donnell: good evening, and thank you for joining us on this wednesday night. tonight, with filling up at the pump ....
The hell with it, i can t deal with it anymore. did we get to that? i don t think we re there yet. i don t think we re far from it either, this is an interesting spot to be in. most people are convinced powell is going to give them a recession. neil: the fed chair. he will keep hiking. i don t think people are convinced he will solve the inflation problem quite yet. that s the issue here. what if we get recession but prices stay high? we re getting drips of data that keep telling us things might get worse on inflation. fed ex news, they re going to raise their prices. you think about that. everything comes in one of those boxes nowadays. how will that affect the prices? neil: if they re not seeing in stuff going in boxes, that should tell the world if they re shipping less, that s your recession indicator. if they re raising prices, that is the inflation indicator. that screams stagflation. we ve talked about it. ....
o donnell: good evening, and thank you for joining us on this wednesday night. tonight, with filling up at the pump becoming an expensive trip for all americans, president biden hopes suspending the federal gas tax will help, but some economists aren t so sure. the president needs congress to do it, and we re hearing tonight from members of both parties who aren t sure this is such a great idea. for his part, the president says temporarily lifting the federal gas tax would give americans just a little bit of breathing room, and he criticized the energy industry for prioritizing profits over production. the national average for a that s $1.89 more than it was one year ago. and today, the fed chair told congress he s trying to avoid a recession, but there is a possibility. cbs nancy cordes starts us off tonight from the white house. good evening, nancy. reporter: good evening, norah. with gas prices bumping up against $5 a gallon, the president is facing mounting pressure to d ....