Jennifer Schonberger

Federal Reserve/cryptocurrency/DC senior reporter for Yahoo! Finance. Fmr Fox Business. Recording artist under JenniferAlexis. IG:

[Jennifer Schonberger @Jenniferisms]

Banking execs better get ready to go to Capitol Hill next year. Sen Warren who will chair the Sen Banking Committee is expected to have chief execs of the nation's largest banks before the committee, according to ppl close to the Senator's thinking. More on what to expect soon.

[Jennifer Schonberger @Jenniferisms]

Awaiting Fed Chairman Warsh...

[Jennifer Schonberger @Jenniferisms]

Commerce Secretary Howard Lutnick announced global industrial minerals company Sibelco is going to build a manufacturing plant in North Carolina.

Pres Trump also announced tonight that the Pentagon will spend $1.5 billion to produce chips in North Carolina.

[Jennifer Schonberger @Jenniferisms]

My full interview w @ChicagoFed President Austan Goolsbee: https://t.co/hLMWvHB4VL

[Jennifer Schonberger @Jenniferisms]

“We need to get more data,” Goolsbee told me. “We need to get the through line. If the through line on inflation is this 4% core inflation, then that's not acceptable. That's not compatible with the Fed target and our policy needs to needs to address that.”

[Jennifer Schonberger @Jenniferisms]

Chicago Fed Pres Austan Goolsbee called a hotter-than-expected reading on Sept inflation “discouraging,” but suggested he wants to wait for more data before taking action to raise rates higher in an interview w me. More to come. Tune into @YahooFinance LIVE at 3p for the full ivw

[Jennifer Schonberger @Jenniferisms]

Hotter than expected CPI report for Sept, has many looking at a rate hike back on the table later this month. I'll be talking w @ChicagoFed Pres Austan Goolsbee this afternoon to see how he's looking at inflation and the path for rate hikes following this report.

[Jennifer Schonberger @Jenniferisms]

Fed Chairman Warsh tells me that the labor market and economy don’t have to be compromised for inflation to come back down

[Yahoo Finance @YahooFinance]

"I don't believe that we need to do harm to the labor markets to achieve our objectives," Fed Chairman Kevin Warsh tells @Jenniferisms

[Jennifer Schonberger @Jenniferisms]

Fed meeting is underway for the second day. Poll: Do you think the Fed will hike today or not?

[Jennifer Schonberger @Jenniferisms]

It's official. Fed Chairman Warsh will hold a press conference next Wednesday.

[Jennifer Schonberger @Jenniferisms]

Warsh much more outwardly market focused Fed Chairman than in the past
Could have been more deliberate in laying out the reaction function, but he did note what he’s watching so those parameters are good yardsticks for markets to watch

[Jennifer Schonberger @Jenniferisms]

Got much more from Warsh than ever before in his tenure so far as Chair
Hinted rates may not be high enough when said he’d be hard pressed to call financial conditions restrictive.
Called inflation too high
Finally gave an assessment of inflation, the economy and job market

[Jennifer Schonberger @Jenniferisms]

Warsh hinted that perhaps interest rates may not be holding back the economy much, saying, “I would be hard pressed to describe broad financial conditions as restrictive.”

[Jennifer Schonberger @Jenniferisms]

Fed Chairman Warsh said Friday that inflation is running too high and should be the focus for the central bank, while laying out a strong assessment of the economy for the first time, but held to his pledge of not providing forward guidance

[Jennifer Schonberger @Jenniferisms]

Secretary Bessent told me investors will have to wait until the beginning of the next quarter for what, if any, future actions Tsy will take on LT bond yields.

[Yahoo Finance @YahooFinance]

Treasury Secretary Bessent tells @Jenniferisms "no one is above" US sanctions for assisting Iran.

[Curtis Houck @CurtisHouck]

Yahoo! Finance’s @Jenniferisms: “You just said moments ago that no one is above U.S. sanctions. What specific secondary sanctions or penalties is Treasury prepared to levy against Chinese banks and shipping firms if they do not comply? And then secondly, as you look to take these unprecedented sanctions, you’ve also said that the Iran as the Iran conflict fades and oil prices recede, that will help bring down long term bond yields. In the meantime, you have mentioned your toolkit, and I’m curious if you are looking at reducing auction sizes for longer term dated Treasury debt going forward, and what other actions you may consider from that toolkit. Thank you.”

Treasury Secretary Scott Bessent: “Well, why don’t we work backwards? We issued the the quarterly refunding announcement two and a half weeks ago. We are going to continue the with our regular program of auctions, So you will be hearing from us again the at the beginning of next quarter in terms of — as I said, every country, every entity should know that they should be prepared to face U.S. sanctions and the — no one is above this. We are going to hold everyone accountable. And this is asphyxiation, economic asphyxiation of this regime, and, Jennifer, as I said, no one should test our resolve.”

[Jennifer Schonberger @Jenniferisms]

Packed house here in the Cash room at @USTreasury ahead of Secretary Bessent’s presser - will stream on USTreasury X

[Jennifer Schonberger @Jenniferisms]

With Treasury taking action to curb higher LT govt bond yields to stop borrowing costs from rocketing I think we can say there's now a Bessent put. Q is are the actions today enough to rein in the bond vigilantes. Will depend on inflation, but govt spend also not coming down

[Jennifer Schonberger @Jenniferisms]

Great to interview Cleveland Fed president Beth Hammack at such a critical time for our economy.
WATCH here: https://t.co/0pbVXRL2hh

[Jennifer Schonberger @Jenniferisms]

Cleveland Fed president Beth Hammack suggested to me in an ivw she sees more than one rate hike.

“I would say in general, one 25-basis point move probably doesn't do a whole lot for the economy. So it's probably some number of movement...I don't know exactly where we will end"