Feb 15, 2017

Fed Chair Janet Yellen is ready to fight Republicans

J. Scott Applewhite/AP

Janet Yellen sat for her second day of her semiannual questioning before Congress on Wednesday, where she faced tough questioning from House Republicans on banking regulation.

The most important exchange: Republican Rep. Bill Huizenga asked Yellen if she thought that eliminating "unreasonable regulations" would have led to a "faster and steeper recovery." Yellen said that she didn't agree with that statement, a rare assertion of ideology from the Fed Chair.

Why it matters: Janet Yellen is clearly committed to the idea of post-crisis regulatory reform, and will fight pressure from outside the Fed to ease bank regulations. Republicans however, are hoping that there is enough time in this Congress, after healthcare and tax reform, to turn to a significant Dodd-Frank rollback that may include extra provisions that would limit the Fed's powers and independence.

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Updated 11 mins ago - Science

Live updates: SpaceX attempts to launch NASA astronauts Saturday

SpaceX's Falcon 9 rocket on the launch pad. Photo: NASA/Joel Kowsky

At 3:22 p.m. ET today, SpaceX is expected to launch NASA astronauts Bob Behnken and Doug Hurley to the International Space Station for the first time.

Why it matters: The liftoff — should it go off without a hitch — will be the first time a private company has launched people to orbit. It will also bring crewed launches back to the U.S. for the first time in nine years, since the end of the space shuttle program.

Follow along below for live updates throughout the day...

Updated 16 mins ago - Politics & Policy

The aftermath of George Floyd's death: Everything you need to know

A mural outside Cup Foods in Minneapolis, near where George Floyd was killed in an encouner with police. Photo: Steel Brooks/Anadolu Agency via Getty Images

Former Minneapolis police officer Derek Chauvin is in jail under $500,000 bail on charges of third-degree murder and manslaughter after a video of him kneeling on George Floyd's neck for more than eight minutes and Floyd's death catapulted the country's major cities into a state of protest.

The big picture: Floyd's fatal run-in with police is the latest reminder of the disparities between black and white communities in the U.S. and comes as African Americans grapple with higher death rates from the coronavirus and higher unemployment from trying to stem its spread.

Updated 35 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 12 p.m. ET: 5,974,938— Total deaths: 365,976 — Total recoveries — 2,522,819Map.
  2. U.S.: Total confirmed cases as of 12 p.m. ET: 1,750,203 — Total deaths: 102,906 — Total recoveries: 406,446 — Total tested: 16,099,515Map.
  3. Economy: What U.S. workplaces may look like next — George Floyd's killing and economic calamity are both part of America's unfinished business — The future of mobility in the post-pandemic world.
  4. States: New York City will reopen June 8, Cuomo says.
  5. Supreme Court: Chief Justice Roberts sides with liberals in denying challenge to California's pandemic worship rules.
  6. 2020: North Carolina asks RNC if convention will honor Trump's wish for no masks or social distancing.