Amy Morris

Chicago Fed President Austin Goolsbee says the Supreme Court's decision to strike down many of President Trump's global tariffs may cause more uncertainty for businesses but could help cool inflation.

Goolsbee wants to see evidence that inflation is cooling to the Fed's 2% target before supporting further interest rate cuts.

He also says the Fed could cut rates multiple times this year.

Consumer confidence ticked up in February on more upbeat prospects for the economy, incomes, and job market.

The conference board's gauge rose to 91.2.

That beat expectations.

The conference board chief economist, Dana Peterson, tells Bloomberg this information was gathered before the Supreme Court struck down most of President Trump's global tariffs.

Americans have been in general cautious about their job prospects and they're still dealing with an inflation hangover from the pandemic and that stands to be a major factor in this year's midterm elections.

Democratic Representative Robert Garcia is accusing the Department of Justice of withholding from disclosure files on Jeffrey Epstein related to a claim that President Trump sexually abused a minor.

Garcia is the top-ranking Democrat on the House committee probing Epstein and how federal law enforcement handled the investigation.

A spokeswoman for the DOJ says that file that listed all the FBI interviews with that victim was removed for redactions but was then put back online.

She says the department hasn't deleted any files, but Garcia says the department has not responded as to why the documents are missing.

That's news when you want it with Bloomberg News Now.

I'm Amy Morris and this is Bloomberg.

news when you want it with Bloomberg News Now.

I'm Amy Morris.

President Trump is preparing to go to Capitol Hill tonight to deliver the State of the Union address with a backdrop of a hobbled economic agenda, sinking approval ratings and fresh rebukes from his own political party.

Press Secretary Caroline Leavitt says he'll focus on the economy and foreign affairs.

House Speaker Mike Johnson was asked what he expects from the State of the Union.

Our coverage of the State of the Union address and the Democratic response from Virginia Governor Abigail Spanberger begins tonight at 8 Wall Street time on a special edition of Balance of Power with Joe Matthew and Kayleigh Lyons.