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.

  • Fed's Bowman sees inflation remaining higher for longer, won't rule out a rate hike

    This week's positive data on inflation hasn't swayed Fed Governor Michelle Bowman's thinking.

  • FDIC chair testifies before Congress over agency misconduct

    Federal Deposit Insurance Corporation Chair Martin Gruenberg faced a series of questions from the House Financial Services Committee regarding the toxic environment, sexual harassment, and misconduct found to be inherent in the FDIC workplace. Gruenberg said he takes "full responsibility" in a statement before Congress. Yahoo Finance's Jennifer Schonberger recaps the key moments from Gruenberg's testimony as lawmakers push for the FDIC chair to resign from his position. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Luke Carberry Mogan.

  • FDIC's Gruenberg rebuffs bipartisan calls for his resignation as new banking rules loom

    FDIC Chair Martin Gruenberg rebuffed calls to resign during a heated House hearing Wednesday as he pledged to fix a toxic workplace culture while his agency prepares an overhaul of how banks are regulated.

  • New inflation reading offers hope for Fed rate cuts

    Inflation pressures eased in April, an encouraging sign for the Fed. But the progress was likely not enough to justify rate cuts yet.

  • Fed's Powell: 'We'll need to be patient' on rates

    Fed Chair Jerome Powell reiterated his stance that the central bank will need to remain patient and see further progress on inflation before reducing interest rates.

  • Biden admin. slaps new tariffs on $18B of Chinese imports

    The Biden administration has imposed new tariffs on $18 billion worth of annual imports from China. The sweeping tariffs will impact many products, including semiconductors, lithium-ion electric vehicle batteries, and aluminum and steel. The tariff on the electric vehicle sector will see a staggering quadruple increase, soaring from the current 25% to a 100% rate. Yahoo Finance's Jennifer Schonberger sheds light on the sectors set to see the most significant impact, delving into the strategy behind the implementation of these new tariffs. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

  • Fed’s Jefferson calls for holding rates steady until inflation cools further

    Federal Reserve vice chair Philip Jefferson on Monday became the latest central bank official to call for holding interest rates at current levels until inflation shows more signs of cooling.

  • Fed officials stick to Powell’s higher-for-longer script as a key inflation reading looms

    Jay Powell’s colleagues spent the last week backing a stance the central bank chair hammered home at his last press conference: Interest rates will be staying higher for longer.

  • Can big banks withstand climate risks? The Fed has the answers.

    In a move to assess the resilience of the nation's financial system, the Federal Reserve tasked major banks with determining their ability to withstand the potential impacts of climate-related risks. The Fed disclosed the results from the assessment, in which Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley (MS), and Wells Fargo (WFC) found that 20% to 50% of their Northeast real estate loans would be affected by the most severe climate shock. Yahoo Finance Fed Reporter Jennifer Schonberger breaks down the details, providing insights into what the report revealed. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith

  • Big banks complete climate analysis for Fed while Powell tries to avoid becoming climate policymaker

    The Federal Reserve disclosed results from an assessment of how the biggest US banks would be impacted by climate change, an exercise that created new political tensions for the central bank.

  • Fed's Daly favors waiting to gain confidence that inflation is dropping

    The San Francisco Fed president said she didn't want to make projections about rates because of "uncertainty about what the next few months of inflation will look like."

  • Collins becomes latest Fed official to warn rates will likely stay higher for longer

    Boston Fed president Susan Collins said Wednesday it will take longer "than previously thought" to bring inflation down, becoming the latest policymaker to make it clear rates need to stay at their current levels.

  • Fed’s Kashkari: Rates will stay high for 'extended period' and can't rule out a hike

    Minneapolis Fed president Neel Kashkari said interest rates will likely stay at current levels for an "extended period" and didn't rule out a hike if inflation stalls near 3%.

  • Fed's Williams and Barkin soothed worries about any rate hikes in 2024

    New York Fed president John Williams and Richmond Fed president Thomas Barkin offered comments Monday that soothed any concerns the Fed might be considering a rate hike.

  • Fedspeak: What to expect from this week's commentary

    A slew of Federal Reserve officials will speak this week, following last week's two-day Federal Open Market Committee meeting. The speeches will set the tone for how leadership views inflation and the job market, and what these metrics mean for setting interest rates. Yahoo Finance Fed Reporter Jennifer Schonberger joins Catalysts to outline the Fed leadership's speech schedule and provide insight into the officials' potential commentary. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino

  • Acting Labor Secy. talks April jobs data and overtime pay rule

    April's jobs report data came out Friday morning, revealing an addition of 175,000 jobs added to the US economy below estimates of 240,000. While annual wage growth also slowed, these statistics are only a fraction of the story. The Biden administration has made several efforts to not only help companies create new jobs, but also improve the quality of those jobs for American workers. Yahoo Finance Reporter Jennifer Schonberger is joined by Acting Labor Secretary Julie Su to discuss the April jobs report and the steps the current administration is taking to aid the American worker, including new legislation to enable accessibility to overtime pay. Despite cooling job growth data month-over-month, Secretary Su assures April's print is still a "continuation of the strong, steady job growth that we have seen since President Biden came into office." Secretary Su elaborates on new rules involving overtime pay: "It's part of the promise of fair day's pay for a hard day's work, and also, historically, it was to make sure that working people didn't have to work too much, too long of hours. Our rule now restores that basic promise. So, when overtime rules were first put into place... some 60% of American workers were eligible for overtime based on threshold. In the last administration, that number dropped to the single digits. So we are restoring this to basically to making sure that millions more Americans who work over 40 hours in a week get the pay that they deserve. They're going to get more money in their pockets, which as we've talked about many times, is good for the economy, it's good for spending, it's good for working families." Secretary Su also weighs in on the obstacles preventing women from rejoining the US labor market full-time. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

  • What April's slowing job growth means for the Fed

    April's weaker-than-expected jobs data painted a softer picture of the US labor market, potentially altering the narrative surrounding the Federal Reserve's monetary policy stance. While a robust job market has been the main point of the Fed's argument for maintaining a "higher for longer" interest rate environment, how could cooling employment data influence the central bank's future decisions? Yahoo Finance Fed reporter Jennifer Schonberger breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

  • Powell sheds dovish tone in Fed press conference

    Federal Reserve officials have voted again to hold interest rates steady. Yahoo Finance Federal Reserve reporter Jennifer Schonberger joins Market Domination to provide an in-depth analysis of Federal Reserve Chair Jerome Powell's press conference. Schonberger highlights a notable shift in Powell's previously dovish messaging, with the Fed official emphasizing more progress on the inflation front will be needed before embarking on a rate-cutting cycle. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith

  • Fed leaves rates unchanged, says inflation still too high to cut

    The Federal Reserve Open Market Committee is keeping its federal funds target range to 5.25% to 5.50%. In its statement, members say, "Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective." The Committee also indicates that rate cuts aren't coming soon, saying that it "does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent." The decision was unanimous. Yahoo Finance Federal Reserve Reporter Jennifer Schonberger reports the breaking details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.

  • Fed holds interest rates at 23-year high, citing 'lack of further progress' on inflation

    The Fed is expected to keep interest rates at a 23-year high Wednesday, but investors will be listening for any signs of how long they will have to wait before cuts can begin.