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 Governor Bowman dissented against rate cuts. Here's why

    Federal Reserve Governor Michelle Bowman issued a statement after she voted against the central bank's decision to cut interest rates by 50 basis points. Bowman wanted to cut rates by 25 basis points, saying she doesn't think the Federal Reserve has met its inflation goal. Yahoo Finance senior Fed reporter Jennifer Schonberger runs through Bowman's comments following this week's rate cut. In a statement, Bowman wrote "I see the risk that the Committee’s larger policy action could be interpreted as a premature declaration of victory on our price stability mandate." The Federal Reserve cut interest rates on Wednesday for the first time in four years. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Rachel Sherman.

  • Fed dissenter Bowman preferred smaller rate cut because 'we have not yet achieved our inflation goal'

    Fed governor Michelle Bowman issued a statement Friday explaining her dissent to this week's jumbo rate cut, saying she wanted a smaller first move because inflation is not yet vanquished.

  • Trump keeps hammering Fed over rate cut: 'It was a political move'

    The Republican presidential candidate is not letting up in his criticism of the Fed following a jumbo-sized half-percentage-point interest rate cut made less than two months before the November election.

  • The many challenges facing Jay Powell as he tries to pull off a soft landing

    Jay Powell argued this week that the Fed is not 'behind' as it starts rate cuts. His main task in the coming months is to keep that narrative intact if the job market keeps cooling and the economy deteriorates.

  • Key takeaways from the Fed's momentous 50 point cut

    The stock market (^DJI,^GSPC, ^IXIC) continues to digest the Federal Reserve's landmark decision to cut interest rates by 50 basis points. Yahoo Finance Fed reporter Jennifer Schonberger joins the Morning Brief to discuss the Fed’s decision and its implications for the US economy. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Naomi Buchanan.

  • Powell insists Fed is not behind the curve despite big rate cut

    The Federal Reserve slashed its benchmark interest rate target by half a percentage point on Wednesday. In a press conference following the decision, Fed Chairman Jerome Powell argued the central bank was not behind the curve, as some had argued. Rather, he says, this cut was "a sign of our commitment not to get behind." In the video above, Yahoo Finance Federal Reserve Reporter Jennifer Schonberger recaps what else Powell told reporters. 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 slashes rates by 50 basis points, first cut in 4 years

    The Federal Reserve cut the federal funds target rate by 50 basis points to a range of 4.75% to 5.00%. It's the central bank's first rate cut in four years. In its statement, the Federal Open Market Committee (FOMC) states, "The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance." The statement adds that "the economic outlook is uncertain." Based on the projections, Fed members see two more 25 basis point cuts this year, followed by four more in 2025. In the video above, 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.

  • What you need to know about the Fed's interest rate decision

    It's a big day for Wall Street as the Federal Reserve's highly anticipated September policy decision is finally here. The central bank has been signaling that it is ready to start cutting interest rates for the first time in four years. Yahoo Finance Senior Fed Reporter Jennifer Schonberger joins Morning Brief to explain what investors can expect from the Fed's rate decision and its monetary policy moving forward. The decision will come at 2 p.m. ET, followed by a press conference with Fed Chair Jerome Powell. This post was written by Melanie Riehl.

  • Fed cuts interest rates by half point, signals two additional cuts this year

    The Federal Reserve cut interest rates for the first time in more than four years Wednesday, ending its most aggressive inflation-fighting campaign since the 1980s.

  • The Fed's most critical meeting is here. So what's next?

    All eyes are on the Federal Reserve this week as it is expected to initiate an interest rate cut for the first time in four years. At its long-awaited September meeting, the central bank will chart the course ahead for easing rates over the next two years. Yahoo Finance Senior Reporter Jennifer Schonberger breaks down the Fed's most aggressive fight against inflation since the 1980s and the potential rate cut path that lies ahead. Read more about the Fed's rate cut strategy here. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl

  • The Fed is poised to enter a new era with first rate cut in 4 years. But what comes next?

    Federal Reserve are expected to mark the end of an era on Wednesday as they cut interest rates for the first time in four years.

  • Fed's Bostic violated trading rules, watchdog finds

    Atlanta Fed president Raphael Bostic violated Federal Reserve rules regarding how officials can trade and invest, according to the central bank's inspector general. The watchdog did not find that Bostic's trades were based on confidential FOMC information, though they did find he "created an 'appearance of acting on confidential FOMC information.'” Yahoo Finance Federal Reserve Reporter Jennifer Schonberger discusses the findings in the video above. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Stephanie Mikulich.

  • The latest inflation report keeps the Fed on track for a quarter-point rate cut. Wall Street isn't satisfied.

    The paltry CPI report means the Fed will likely only cut interest rates by a quarter percentage point. Wall Street, for whatever reason, isn't cheery.

  • August CPI report: 3 takeaways as Fed plans to cut rates

    August's Consumer Price Index (CPI) data came in-line with economist estimates. However, there was a slight surprise in the core CPI print — a measure that leaves out food and energy costs— which crept up by 0.3% from July, above the 0.2% increase economists expected. What does this mean for the Federal Reserve as it prepares to ease interest rates at its September policy meeting? Yahoo Finance senior Fed reporter Jennifer Schonberger breaks down the top three key points from this inflation report that might influence the Fed's decision on monetary policy next week. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith

  • Fed proposes new revisions to bank capital requirements

    The Federal Reserve Vice Chair for Supervision Michael Barr is outlining revised capital requirement regulations for banks in a speech Tuesday morning. The policy, named Basel III Endgame, proposes easements on banks' capital holdings while scaling back other requirements. Yahoo Finance senior reporter Jennifer Schonberger joins Catalysts to explain the Fed's new policy proposal and comment on Barr's speech. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.

  • The Fed backpedals and unveils a scaled-back proposal for bank capital requirements

    The Federal Reserve unveiled that it's planning to scale back a proposal to raise capital requirements for banks after politicians and the banking industry pushed back on the initial plan, warning it could restrict lending and hurt the economy.

  • 'The time has come': Why the August jobs report keeps the Fed on track for a 25 basis point rate cut

    A rebound in the job market in August that still showed signs of cooling is likely to keep the Federal Reserve on track to cut interest rates by a quarter percentage point this month.

  • Acting Labor Secretary talks August jobs data, growth signals

    The US labor market saw an addition of 142,000 nonfarm payroll jobs in August while the unemployment rate moved 0.1% lower to 4.2% in the month. This jobs print fell below economist expectations for 165,000 new jobs in August. To talk more about the jobs numbers and the state of the labor market, Acting US Labor Secretary Julie Su joins Yahoo Finance senior reporter Jennifer Schonberger, who finds cooling labor growth to be "part of the transition from the breakneck speed of job growth that we saw in the initial years of the recovery." "It's a... labor market that remains very strong... by all indications, especially when you combine it with our strong GDP growth, the battle against inflation, the labor force participation. Again, women in the labor force broke the last record which we set, which was in May," Su says. "Overall, the indicators of the economy are of strong, robust growth and not recession." Su also addresses a potential strike posed by Boeing (BA) factory workers later this month and general union fears around AI and automation. "The parties are at the table and they're negotiating. We've said from the very beginning that this administration supports collective bargaining. We believe that unions are good for this country and the jobs data reflects that, right, that we can build an economy in which workers come first, in which workers do well, and supporting collective bargaining is a part of that. And so, you know, we encourage them to stay at the table," Su says about Boeing negotiations.. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • Fed takes in August jobs data heading into blackout period

    Federal Reserve officials are taking in the results of the August jobs report just 10 days ahead of the September FOMC meeting. According to the US Bureau of Labor Statistics, 142,000 jobs were added to the labor market in the past month, below estimates of 165,000. Yahoo Finance Fed correspondent Jennifer Schonberger reports on the current consensus as to how the Fed may cut interest rates at this month's policy meeting as officials enter their "blackout period," limiting the commentary they are allowed to give. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • Fresh jobs data tests how deeply Fed will cut rates ahead of government payroll report

    Fresh data out Thursday is raising the question of whether the job market is weakening further—and that could cause the Federal Reserve to cut rates by more than a quarter percentage point when officials meet in less than two weeks.