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WSJ What’s News

Powell Says Fed in No Rush to Cut Interest Rates

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 11 February 2025

⏱️ 14 minutes

🧾️ Download transcript

Summary

P.M. Edition for Feb. 11. Federal Reserve Chair Jerome Powell was in front of Congress today outlining a path for 2025, the day before the release of important inflation data. WSJ economics reporter Matt Grossman explains what the data could mean for the Fed. Plus, Israeli Prime Minister Benjamin Netanyahu warns that Hamas must release hostages by noon Saturday, or face a return to war. And, experts want more people to know about the risk between alcohol and cancer. WSJ Your Health columnist Sumathi Reddy tells us what to know. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com.

0:33.4

What Jerome Powell is weighing leading up to the Fed's next meeting.

0:41.4

The consensus expectation from the survey that the Wall Street Journal runs,

0:44.4

we survey economists, mostly work at Wall Street banks,

0:50.2

they're expecting to see that inflation basically held steady in January compared with December.

0:56.8

Plus, tensions rise in Gaza after Netanyahu demands that Hamas free Israeli hostages by Saturday.

1:02.4

And doctors want more people to know that drinking alcohol can increase their cancer risk.

1:04.6

It's Tuesday, February 11th.

1:06.7

I'm Alex Osala for the Wall Street Journal.

1:12.1

This is the PM edition of What's News, the top headlines and business stories that move the world today.

1:24.5

We're starting off this evening with international news. In Gaza, the ceasefire is seeming more fragile.

1:28.4

Israeli Prime Minister Benjamin Netanyahu is demanding that Hamas released three Israeli hostages at the originally scheduled time by noon Saturday, or face a

1:34.4

return to war. Hamas set off a rupture in the talks yesterday by saying it would postpone the

1:39.3

release of the hostages to protest delays in deliveries of humanitarian goods. In Israel, demonstrators in support of continuing the deal blocked a main thoroughfare from Jerusalem to Tel Aviv.

1:50.0

People are dying slowly, but surely, they are desperate to get out of the underworld that Hamas built.

2:00.0

And we have to save them while we can.

...

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