Jan 10, 2019

Fed chair Jerome Powell says there won't be a recession in 2019

Federal Reserve chairman Jerome Powell. Photo: Win McNamee/Getty Images

Federal Reserve chairman Jerome Powell said on Thursday that the U.S. economy "is solid," adding that he doesn't predict a recession in 2019, the Washington Post reports.

Our thought bubble, from Axios' Dion Rabouin: The message from Powell was clear — the first half of 2019 is off the table for interest rate hikes. If Powell's comments earlier this month that the Federal Reserve would be "patient" with future interest rate hikes and stand ready to change course "significantly if necessary" weren't clear enough, he slammed the table to let markets know that the "Powell put" is very much in play. If stocks start sliding again, the Fed is ready to cut rates.

Go deeper: Jerome Powell's rough road of criticism from Trump

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Facebook employees stage "virtual walkout"

Illustration: Sarah Grillo/Axios

"Dozens" of Facebook employees staged a "virtual walkout" Monday over the company's decision not to take action against President Trump's provocative messages in the face of nationwide protests against police violence, the New York Times reports.

Why it matters: While Twitter added fact-check labels and hid the president's most inflammatory tweet — "when the looting starts, the shooting starts" — Facebook has said Trump's statements do not violate its policies, and that the platform aims to promote free speech.

Updated 30 mins ago - Politics & Policy

Trump lashes out at governors, urges them to "dominate" protesters

President Trump berated the nation’s governors in a video teleconference call Monday, calling many of them "weak" and demanding tougher crackdowns on the protests that erupted throughout the country following the killing of George Floyd, according to multiple reports.

The big picture: Trump blamed violence on the "the radical left" and told the governors, who were joined by law enforcement and national security officials, that they have to "dominate" protesters and "arrest people" in order to bring an end to the unrest.

Updated 30 mins ago - Politics & Policy

Coronavirus dashboard

Photo Illustration: Sarah Grillo/Axios. Photos: Noam Galai, Jamie McCarthy, Josep Lago/AFP, Alfredo Estrella/AFP, and Narayan Maharjan/NurPhoto, all via Getty Images

  1. Global: Total confirmed cases as of 12:30 p.m. ET: 6,206,773 — Total deaths: 372,752 — Total recoveries — 2,661,643Map.
  2. U.S.: Total confirmed cases as of 12:30 p.m. ET: 1,793,780 — Total deaths: 104,345 — Total recoveries: 444,758 — Total tested: 16,936,891Map.
  3. Public health: Fauci says“My meetings with the president have been dramatically decreased” — Coronavirus looms over George Floyd protests across the country.
  4. Climate: Your guide to comparing climate change and coronavirus.
  5. Economy: A busy week for IPOs despite upheaval from protests and pandemic.
  6. World: Former FDA commissioner says "this is not the time" to cut ties with WHO.