Powell Tells Congress Fed Still in No Rush to Lower Rates

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News International Economics and Policy Correspondent Michael McKee discusses Fed Chair Jay Powell telling Senators the central bank doesn’t need to rush to adjust interest rates, again signaling that officials will be patient before lowering borrowing costs further. Bloomberg Businessweek Columnist Max Chafkin and Bloomberg News AI Reporter Rachel Metz talk about Elon Musk’s offer to buy OpenAI and CEO Sam Altman’s reaction to that bid. Christopher Merrill, Co-Founder and CEO of Harrison Street, shares his thoughts on investing alternative real estate. Andy Bennett, CEO of Driivz, discusses the Trump administration’s pause on charging infrastructure funding under NEVI. And we Drive to the Close with Greg Halter, Director of Research at Carnegie Investment Counsel. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.