02/04/2024: Chairman Powell, A Hole in the System, The Mismatch

Following the Federal Reserve’s announcement to hold interest rates steady, correspondent Scott Pelley interviews Fed Chair Jerome Powell in Washington, DC on inflation risks and the economy, the timeline for cutting rates, the health of the country’s banks, and more. Correspondent Sharyn Alfonsi reports on the fastest growing group entering the U.S. through the southern border – Chinese migrants. Alfonsi speaks with the migrants about following instructions posted on TikTok that guided them on their 7-thousand mile journey to the California desert where Chinese asylum seekers cross the border from Mexico through a 4-foot gap in the border fence. Technology has helped spur a sports betting boom. Correspondent Jon Wertheim examines what this has meant for sports fans, betting companies, and the gamblers – overwhelmingly young men – making snap bets anytime, anywhere.