>> THERE YOU HAVE IT, THE GAVEL DROPS ON THE FIRST DAY OF TESTIMONY, DAY ONE OF TWO ON CAPITOL HILL THIS WEEK FOR FED CHAIR JAY POWELL. CONGRESSMAN FRANK LUCAS WRAPPING THINGS UP FOR US THERE. SEVERAL HOURS OF TESTIMONY.WE BROUGHT IT TO YOU LIVE HERE. I’M JOE MATHIEU IN WASHINGTON ALONGSIDE KAILEY LEINZ AS WE GET THINGS STARTED HERE ON THE TUESDAY EDITION OF "BALANCE OF POWER." THE FED CHAIR MADE IT CLEAR HE’S NOT READY TO LOWER RATES. CARO KAILEY: HE’S NOT MAKING ANY NEWS ON THE TRAJECTORY, REITERATING HE’ ...

30-year mortgage rates are wavering in a narrow range that's just a bit above their lowest reading since early May. Rate movement was mixed for other loan types. https://t.co/8eIrXXHdHc ...

Well, KB Home cutting its revenue outlook for the year after reporting weak second quarter results. This is the housing market. It remains sluggish with existing home sales seeing their worst May since 2009.Joining me now, we've got Meredith Whitney, Meredith Whitney Advisory Group CEO. Meredith, good to have you back on Yahoo Finance with us. We we just heard remarks from Fed Chair Jerome Pal that he plans to keep rates on hold.So, what is the risk that that poses to the housing market. Well, the housing m ...

We've been speaking with top economists to better understand what this economic climate means for companies' bottom lines. Today, I'm speaking with CEO and Chief Strategist for QI Research Danielle DiMartino Booth. Hi, Danielle, thanks so much for taking the time to speak with me again this year.Thank you for having me. Great to be with you again. How can companies protect their bottom lines in this time of political and economic uncertainty.So, you know, the idea of battening down the hatches before the hu ...

really, on that. We're not seeing it yet, but we. >> Gentleman's time has expired.>> Thank you. Chairman. >> Yield back.Thank you, Mr. . Chairman. The gentleman from new Jersey recognized for five minutes.>> Thank you, Mr. . Chairman. >> Chairman Powell, as a member of the Intelligence Committee, I'm deeply concerned about the threat of Iranian cyber attacks on our financial system as retaliation for our strikes on their nuclear facilities and its cyber security report.Last year, the fed acknowledged that c ...

Gentleman yields back. Gentleman from California, Mr. . Licardo, is recognized for five minutes.Thank you, Mr. . Chair. Mr.. Chairman, thank you for your testimony today. I I appreciate that your dual mandate is full employment uh and price stability and I appreciate your efforts on behalf of our country to achieve those. My understanding is that critical data is collected by the Bureau of Labor Statistics to help u formulate the indicators that you rely on that we rely on to understand unemployment rates, ...

The gentleman from Wisconsin, Mr. . Style, who's also the chair of our subcommittee on digital assets, financial technology, and artificial intelligence. You're recognized for five minutes.Thank you, Chairman Hill. Thank you, Chairman Powell, for being with us today. I want to dive into two actions the Fed's recently taken uh to get a little additional color on.Yesterday, uh the Fed announced uh that reputational risk would no longer be a component in bank exams. Uh I viewed that positively. I viewed u the ...

Thank you so much, Mr. . Chairman. Um, Chair Pal, last month there was research published um in the Journal of Urban Health that found that more than half of black women of reproductive age, that's the term they use, in the counties that I represent that had experienced some sort of eviction during their lifetime.Um, so that's like 50% of black women in the two two largest county, Wayne County and Oakland County and Michigan. Um, and these numbers are horrific. Um, as you know, were you aware of that.No, I ...

yield back. >> The gentleman's time has expired. The vice chairman of the full committee, Mr.. Huizenga of Michigan, is recognized for five minutes. >> Thank you, chair Hill and Chair Powell. Good to see you again.I got a lot to cover, so we're going to try and keep this concise. But following up a bit on what Chair Hill had been talking about, you know, you had said in January 29th, 2025, quote, we don't know what will happen with tariffs, with immigration, with fiscal policy and with regulatory policy. I ...

branch. What's your thought about her. Quote.>> I personally think that's a very reasonable way to think about it. >> Thank you very much. I yield back.The gentleman from New York is recognized for five minutes. >> Thank you, Mr. . Chairman.Good morning, Mr. . Chair. Chair Powell, and thank you for being here.Last week, the FOMC decided to maintain the target range for the federal funds rate at four and a quarter to 4.5%. While I was not surprised by the decision to hold rates steady, I was surprised by the ...