Jennifer Schonberger

    Senior Reporter

    Jennifer Schonberger has been a financial journalist for over 14 years covering markets, the economy and investing. At Yahoo Finance she covers the Federal Reserve, cryptocurrencies, and the intersection of business and politics. Prior to Yahoo, Jennifer covered the Federal Reserve and the economy for the Fox Business Network. She also specialized in covering investing for Kiplinger’s Personal Finance and The Motley Fool.

  • Investors are about to find out whether Fed still expects 3 rate cuts in 2024

    All eyes this week will be on the release of the Fed's quarterly 'dot plot,' which will signal whether central bank officials still agree that three rate cuts are likely in 2024.

  • Fed's cautious approach to cutting rates reinforced by new inflation reading

    Fresh evidence of sticky inflation could add to questions about whether the central bank will end up keeping interest rates elevated for longer than expected in 2024.

  • Sticky inflation reading not likely to knock Fed off course for rate cuts

    Inflation remains sticky, but some Fed watchers don't think it's sticky enough to knock the central bank off course for rate cuts as early as June.

  • Biden's $7.3 trillion budget: Top takeaways

    President Biden has unveiled his budget proposal for the 2025 fiscal year, which totals a staggering $7.3 trillion. The plan includes increased budgets for housing aid and childcare, while also raising the minimum corporate tax rate from 15% to 21%. Yahoo Finance Senior Reporter Jennifer Schonberger joins the Live show to break down the budget and what it could mean for the country moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

  • SEC’s Gensler says crypto 'rife with abuses and fraud' as bitcoin surges to new all-time record

    SEC Chair Gary Gensler offered new warnings about cryptocurrencies as bitcoin surged to an all-time high Friday.

  • Crypto space is 'not that decentralized': SEC Chair Gensler

    With the advent of spot bitcoin ETF (BTC-USD) listings approved by the Securities and Exchange Commission in January 2024, many on Wall Street are already looking towards the next stablecoin, ethereum (ETH-USD), to get a spot ETF passed. With bitcoin reaching an all-time high — twice in one week — the interest in crypto has continued to take off, putting pressure on the SEC to take a look at applications for approval. SEC Chair Gary Gensler sat down with Yahoo Finance Reporter Jennifer Schonberger to discuss the potential for a spot ether ETF and the crypto market at large. Gensler lays out his feelings of the crypto market in terms of regulations and fraud: "The whole field is rife with abuses and fraud. Look at the series of bankruptcies in '22 and '23 when investors weren't getting the proper disclosures from the middle of the market, the intermediaries, and by the way, for the viewing public, this is not that decentralized. That's part of the Satoshi Nakamoto and the folklore of decentralization, but in the middle, there are intermediaries that are pulling together your hard-earned assets... pulling them together and not giving you the proper disclosures, and they're doing things that we would never allow the New York Stock Exchange to do." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

  • SEC Chair: How new climate disclosure rule benefits investors

    The Securities and Exchange Commission (SEC) approved a new rule that will require large companies to tell investors about their exposure to climate risks and greenhouse gas emissions. SEC Chair Gary Gensler sits down with Yahoo Finance Reporter Jennifer Schonberger to discuss the limitations of the new disclosures and how the information benefits investors. Gensler says the disclosures are grounded in material factors affecting investors' decision-making, though the disclosures will stop short of Scope 3 –– supplier and customer emissions. Democrats have signaled the rule doesn't go far enough without Scope 3, but Gensler explains the area is "less developed," with fewer issuers making the information available. Despite nine Republican-led states mounting a lawsuit against the rule, Gensler is "confident" the Commission can withstand the pressure, adding that it is "agnostic" on climate.  "We really stayed within, if I can use a tennis analogy, our chalk lines. Congress lays out a certain approach. And that's what we're doing. I would also note, if I could, how important it is to stay within one's chalk lines. That's when the confidence in our markets comes from a securities agency, SEC, that oversees $110 trillion capital markets and that we stay focused on investors' needs, what investors -- how they're making their decisions and that they get what President Roosevelt said was complete information, truthful information about those companies. That's what we did here." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

  • Jobs growth result of Biden's 'steady leadership': Acting Labor Secy.

    On the backdrop of jobs growth outpacing estimates in February, the US Bureau of Labor Statistics also reported the national unemployment rate to have risen from 3.7% to 3.9% — a level not seen in over two years — while the national average hourly wages steadily sits at 4.3%. "The unemployment rate remains under 4%, so now it's been under 4% for over two years running. It has not been like this for over 50 years," US Acting Secretary of Labor Julie Su tells Yahoo Finance's Jennifer Schonberger in Washington, D.C., attributing consistent jobs growth as a product of President Biden's "strong, steady leadership with a vision." Secretary Su weighed in on Biden's State of the Union address — the sitting president summarizing the economic progress made under his administration. In theme with International Women's Day (March 8), she also discusses the prominence of women in the US workforce and the challenges they still face. "Women's labor force participation rate for prime-age women in the last month was almost at the all-time high again, almost matched that what you talked about last spring. But, yes, the pay gap remains persistent. And we have to do everything we can to end that," Acting Secretary Su states. "It's unfair — we see that women, even if you have the same level of education, you're working in the same type of job, in the same industry, women's pay statistically is lower than that of men. Now, some of that is old-fashioned discrimination, and we have to address that, but some of it is really the occupational segregation that persists." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

  • Big banks are getting what they want from Washington

    Federal Reserve Chair Jay Powell and FDIC Chair Martin Gruenberg said Thursday they anticipate changes to a controversial capital rule following pushback from big banks.

  • Powell: Rate cuts likely if economy 'evolves' on disinflation path

    Federal Reserve Chair Jerome Powell is in for another day of Capital Hill hearings, testifying before the Senate Banking Committee on Thursday. Powell assures lawmakers that interest rate cuts will be in the Fed's cards if disinflation makes its way through the rest of the US economy. He cautions Yahoo Finance Fed Reporter Jennifer Schonberger joins the Live Show to detail Powell's latest statements to lawmakers in this morning's session, highlighting comments on the Fed's outlook for its Basel III capital requirements. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

  • Rate cuts likely at 'some point' this year: Fed's Powell

    Fed Chair Jerome Powell plans to tell lawmakers Wednesday that interest rate cuts are likely in 2024 but that the central bank will proceed cautiously as it evaluates whether inflation is cooling appropriately.

  • Fed's Mester still expects 3 rate cuts in 2024 after new inflation reading

    The Cleveland Fed president told Yahoo Finance that a month-over-month jump in the Fed’s preferred inflation gauge "doesn’t really change my view" that inflation is moving down.

  • The Fed's 'bumpy' inflation picture could be about to get bumpier

    The Fed's preferred inflation reading due out Thursday will help determine whether the central bank's progress down to a 2% goal has stalled.

  • Getting to 2% inflation will be 'bumpy' but Fed cuts still likely 'later this year': Collins

    Boston Fed president Susan Collins said the path to the central bank's inflation goal will be "bumpy," using a word that is increasingly prominent after a series of hot readings.

  • How an AI feud is roiling the music industry

    A feud between Universal Music and TikTok is triggering a larger debate across the music business about whether to embrace AI — or fight it.

  • Harker said Fed rate cuts are 'near' while Jefferson predicts 'later this year'

    Two Fed officials offered slightly different predictions on when investors should expect the central bank to begin cutting rates.

  • Fed officials worried about 'the risks of moving too quickly' on rate cuts: Minutes

    Most Federal Reserve officials cautioned against cutting rates too quickly at their last policy meeting as they continue to look for convincing evidence that inflation is returning to their 2% target.

  • Why the Fed now finds itself on a collision course with the 2024 election

    Jay Powell's political conundrum is getting more challenging with each new week of 2024.

  • The Fed will be in no rush to cut rates after another hot inflation report

    Another hotter-than-expected inflation reading Friday is likely to reinforce the Fed's cautious stance on how quickly to cut rates this year.

  • Fed’s Goolsbee: 'Let's not get too flipped out' over one inflation reading

    Chicago Fed President Austan Goolsbee said a hotter-than-expected reading on consumer prices doesn't mean the central bank won't be able to cut interest rates in 2024.