Powell: Economy has "pushed right through" trade changes
The Federal Reserve held interest rates steady on Wednesday, marking its first pause after three consecutive cuts in 2025. CBS News coordinating producer Richard Escobedo has the latest.
Federal Reserve
Fed holds interest rates steady in first meeting of 2026
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
No change to interest rates, Fed announces
The Federal Reserve announced Wednesday that interest rates would remain unchanged, holding steady in its current range of 3.5% to 3.75%. CBS News business analyst Jill Schlesinger has more.
Fed to make first 2026 interest rate decision
The Federal Reserve is meeting Tuesday to discuss its first interest rate decision of 2026 on Wednesday. Kristin Myers, ETF editor-in-chief for Asset TV, joins with more.
Here's what to expect at the Fed's first interest rate meeting of 2026
Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.
Trump officials predict a 2026 economic boom. Here's what experts say.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
Justices appear skeptical of Lisa Cook firing
Embattled Federal Reserve Board Governor Lisa Cook's fight to stay on the job got a boost as Supreme Court justices appeared skeptical of President Trump's efforts to fire her. Jan Crawford has the latest.
Why SCOTUS seems skeptical of Lisa Cook firing
The Supreme Court heard arguments on Wednesday over whether President Trump exceeded his authority when he fired Lisa Cook from the Federal Reserve Board of Governors. CBS News chief legal correspondent Jan Crawford joins with the key takeaways.
Stocks jump after Trump calls off Europe tariffs
Stocks jumped on Wednesday after President Trump said he reached a framework for a deal on Greenland and backed off his tariff threat against European allies. CBS News senior business and technology correspondent Jo Ling Kent reports.
SCOTUS seems inclined to keep Cook on Fed board
The Supreme Court appears likely to allow Lisa Cook to keep her position on the Federal Reserve Board of Governors and reject President Trump's attempt to fire her for now. Arguments in the case were heard Wednesday. CBS News' Jo Ling Kent has more.
Hearing on Lisa Cook sparks concern over Fed
The Supreme Court heard arguments Wednesday over the Trump administration's desire to oust Fed Governor Lisa Cook, which sparked concern over the Federal Reserve's independence. CBS News' Katrina Kaufman has the latest.
SCOTUS hears Lisa Cook case
The Supreme Court is hearing arguments Wednesday over the Trump administration's push to fire Lisa Cook from the Federal Reserve Board of Governors. CBS News contributor Jessica Levinson and Erin Delmore, a correspondent for the BBC, a CBS News partner, discuss the arguments.
SCOTUS arguments on Lisa Cook firing attempt
The Supreme Court is hearing arguments on President Trump's bid to remove Lisa Cook from her post on the Federal Reserve Board of Governors. CBS News' Katrina Kaufman reports.
Trump is taking aim at borrowing costs. Will it work — or backfire?
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
Trump: Jerome Powell has "been a lousy Fed chairman"
President Trump brushed off a question about whether the Justice Department probe amounts to political retribution.
Trump on Iran protests, Fed's Powell and more
President Trump shared a warning for Iran, called Jerome Powell a "lousy Fed chairman," and defended the ICE agent who killed Renee Good in Minneapolis during an exclusive interview with "CBS Evening News" anchor Tony Dokoupil.
Trump calls Powell incompetent or crooked
President Trump spoke to reporters about Federal Reserve Chair Jerome Powell amid an apparent Justice Department probe into building renovations. CBS News' Jake Rosen has more.
Warren on DOJ probe of Jerome Powell
Massachusetts Democratic Sen. Elizabeth Warren blasted the Justice Department for its apparent investigation into Federal Reserve Chair Jerome Powell. CBS News' Taurean Small reports.
Backlash over DOJ probe into Jerome Powell
The Justice Department's criminal investigation into Federal Reserve chair Jerome Powell is drawing backlash from both Democrats and Republicans. At least half a dozen Republicans were critical when asked about the probe, which has to do with cost overruns to renovate the Fed's century-old headquarters.
Foreign central bank chiefs voice "full solidarity with" Fed chief Powell
The heads of 10 central banks and other financial institutions say it's "critical to preserve" the Fed's independence, as Powell is pressured by the Trump administration.
Lawmakers on DOJ probing Jerome Powell
Lawmakers on both sides of the aisle are reacting to the news of the Justice Department investigating Federal Reserve Chair Jerome Powell. CBS News' Natalie Brand reports.
Powell says the Fed was served DOJ subpoenas over building renovations
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Former Fed chairs, Treasury chiefs condemn Trump admin's Powell probe
Three former Fed chairs and other top economic officials decry "prosecutorial attacks" on Jerome Powell, saying it undermines the central bank.
Lawmakers warn Fed's independence at stake
The Trump administration's Justice Department has launched a criminal investigation of Fed Chair Jerome Powell tied to the renovation of the Federal Reserve's headquarters. The move has prompted backlash from both sides of the aisle. Weijia Jiang reports.
How the Federal Reserve gained independence
Federal Reserve Chair Jerome Powell this weekend said that the Justice Department's investigation into him is a major test of the central bank's independence, which has been the norm since 1951. CBS News' Lindsey Reiser explains how the Fed became independent. Then, CBS News congressional correspondent Nikole Killion has more on lawmaker reaction to the probe.
Exclusive
U.S. Air Force VIP fleet being repainted in Trump's preferred palette, sources say
The Kennedy-era robin's egg blue that's currently on the planes is being updated to navy, red and gold.
Epstein survivor tells CBS News how she was trafficked, and assaulted
Juliette Bryant says not long after meeting Jeffrey Epstein, he assaulted her, and she realized, "this is not a modeling opportunity, I've been kidnapped."
Police arrest man running toward Capitol with shotgun, wearing tactical vest
U.S. Capitol Police that the individual was in custody and that there did not appear to be other suspects or an ongoing threat.
No DNA match in database from gloves found during Nancy Guthrie search
The DNA profile was recovered from gloves found during the investigation into the disappearance of Nancy Guthrie in Arizona.
4 dead in crash on Colorado highway involving dozens of vehicles, police say
The Colorado State Patrol says four people were killed in a crash on I-25 south of Pueblo involving at least 30 vehicles during what are being called "brownout" conditions with low visibility on Tuesday morning.
Democrats make counteroffer on ICE reforms as DHS shutdown continues
Democrats made their counteroffer on overhauling immigration enforcement on Monday, the latest step in talks to fund the Department of Homeland Security.
Bayer proposes $7.2 billion settlement to resolve weedkiller cases
Germany's Bayer has faced thousands of lawsuits after buying Roundup maker Monsanto in 2018 for $63 billion.
Tricia McLaughlin, top Homeland Security spokeswoman, leaving her post
Tricia McLaughlin, the Department of Homeland Security's top spokeswoman, is leaving her post next week, two U.S. officials familiar with her plans told CBS News.
Anderson Cooper to depart "60 Minutes" at end of season
Anderson Cooper will report multiple stories for "60 Minutes" before the end of the television season in May.
U.S.
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Trump blames D.C., Maryland and Virginia for massive Potomac River sewage spill
President Trump and Maryland Gov. Wes Moore are feuding over who's responsible for addressing one of the largest sewage spills in U.S. history.
Stephen Colbert slams CBS, says network blocked James Talarico interview
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
20% of U.S. jobs are highly vulnerable to automation, economists say
More than half of jobs in manufacturing and transportation could be automated over the next 20 years, according to Oxford Economics.
Man arrested running toward Capitol with shotgun, police say
U.S. Capitol Police that the individual was in custody and that there did not appear to be other suspects or an ongoing threat.
Anderson Cooper to depart "60 Minutes" at end of season
Anderson Cooper will report multiple stories for "60 Minutes" before the end of the television season in May.
MoneyWatch
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20% of U.S. jobs are highly vulnerable to automation, economists say
More than half of jobs in manufacturing and transportation could be automated over the next 20 years, according to Oxford Economics.
Bayer proposes $7.2 billion settlement to resolve weedkiller cases
Germany's Bayer has faced thousands of lawsuits after buying Roundup maker Monsanto in 2018 for $63 billion.
Warner Bros. Discovery restarts takeover talks with Paramount Skydance
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
Why athleisure giant Lululemon is losing momentum
After a decade of rapid growth, Lululemon is struggling to find its footing in an increasingly saturated market.
Average tax refund is nearly 11% higher so far this year, IRS data shows
Forecasters predicted filers would benefit from larger checks this year due to a series of new tax provisions in the "one big, beautiful" bill.
Politics
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Trump blames D.C., Maryland and Virginia for massive Potomac River sewage spill
President Trump and Maryland Gov. Wes Moore are feuding over who's responsible for addressing one of the largest sewage spills in U.S. history.
Stephen Colbert slams CBS, says network blocked James Talarico interview
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
Man arrested running toward Capitol with shotgun, police say
U.S. Capitol Police that the individual was in custody and that there did not appear to be other suspects or an ongoing threat.
Exclusive
U.S. Air Force VIP fleet being repainted in Trump's preferred palette, sources say
The Kennedy-era robin's egg blue that's currently on the planes is being updated to navy, red and gold.
Hillary Clinton alleges Epstein files "cover-up" by Trump administration
"There's something about this administration's attitude toward this, which I think really leads us to conclude they have something to hide," she told the BBC.
HealthWatch
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Measles cases at university in Florida soar to nearly 60
Twenty one states in the U.S. have confirmed cases of measles.
Can TrumpRx help you save money on drugs? Here's what experts say.
The Trump administration's new discounted drug platform, TrumpRx, isn't a game-changer for consumers, health care experts said.
Moderna says FDA refuses its application for new mRNA flu vaccine
The Food and Drug Administration is refusing to consider Moderna's application for a new flu vaccine made with mRNA technology, the company said.
What to know about a new study on coffee, tea and dementia risk
CBS News medical contributor Dr. Céline Gounder said the results of the study on coffee drinkers having lower risk of dementia should be taken "with a massive grain of salt."
Thousands of mothers were flagged to police over flawed drug tests at childbirth
The Marshall Project found more than 70,000 cases referred to law enforcement over allegations of substance use during pregnancy — and that's a significant undercount.
World
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Belgium accuses U.S. envoy of disinformation for antisemitism claim
Belgian authorities call the U.S. ambassador's intervention in the case of three Jewish religious figures "dangerous disinformation."
Epstein survivor tells CBS News how she was trafficked, and assaulted
Juliette Bryant says not long after meeting Jeffrey Epstein, he assaulted her, and she realized, "this is not a modeling opportunity, I've been kidnapped."
Iran calls talks with U.S. "more constructive" as Trump's threat looms
Iran and the U.S. traded threats and warnings even as negotiators sat down to discuss a deal to avert a war, but Tehran says "we now have a clearer path ahead."
Russia hammers Ukraine again as U.S. brokers 3rd round of peace talks
The U.S. is brokering a 3rd round of Russia-Ukraine talks, but there's little hope of a breakthrough to end the deadliest war on European soil in 80 years.
Bobsledder Elana Meyers Taylor, 41, wins gold in 5th Olympic appearance
Elana Meyers Taylor has won her first Olympic gold in women's monobob, and she made history as the oldest American woman to do it at the Winter Games.
Entertainment
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Stephen Colbert slams CBS, says network blocked James Talarico interview
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
Anderson Cooper to depart "60 Minutes" at end of season
Anderson Cooper will report multiple stories for "60 Minutes" before the end of the television season in May.
Oscar-winning actor Robert Duvall dies at 95
Oscar-winning actor Robert Duvall died on Sunday at the age of 95. Duvall starred in classics like "The Godfather" and "Apocalypse Now." Vladimir Duthiers looks back at his career.
Robert Duvall dies at 95
Robert Duvall, known for his roles in "The Godfather," "Apocalypse Now" and more, has died at 95, his wife announced in a social media post Monday. CBS News correspondent Shanelle Kaul has more.
Robert Duvall, Oscar winner who starred in "The Godfather," dies at age 95
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
Technology
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Technology
Potential impacts of AI
Matt Shumer joins "CBS Mornings" to discuss his now viral article, "Something Big Is Happening." He writes that AI's "capability for massive disruption could be here by the end of this year." Shumer explains why he wrote the article, and his message to concerned readers.
Viral essay urges people to prepare for AI
If you've been on social media this week, you've likely seen an ominous warning about artificial intelligence in your feed: "Something big is happening." An essay from the CEO of an AI company, Matt Shumer, likens the current moment to February 2020, right before the start of COVID. Nate Soares, co-author of "If Anyone Builds It, Everyone Dies," joins to discuss.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Amazon ends Flock partnership after backlash over Super Bowl ad
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
FTC warns Apple's Tim Cook over alleged political bias in Apple News app
The Federal Trade Commission sent a letter to Tim Cook one day after President Trump circulated a report raising questions about Apple News' practices.
Science
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How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
These United States: George Washington and climate change
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
Impact of climate change on Winter Olympics
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Crime
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No DNA match in database from gloves found during Nancy Guthrie search
The DNA profile was recovered from gloves found during the investigation into the disappearance of Nancy Guthrie in Arizona.
"Signal sniffer" deployed in Guthrie search
Investigators deployed a "signal sniffer" device to help pinpoint Nancy Guthrie's location using her pacemaker as the search for the mother of "Today" host Savannah Guthrie enters its third week. CBS News' Jonathan Vigliotti has more.
Sheriff rules out family in Guthrie case
As the search for Nancy Guthrie continues, the Pima County sheriff for the first time is officially ruling out her family members, including siblings and spouses, as possible suspects. Meanwhile, investigators are also using a device known as a "signal sniffer" to try to detect transmissions from Guthrie's pacemaker. Jonathan Vigliotti reports.
Key evidence in the Nancy Guthrie case
Pima County Sheriff Chris Nanos said Nancy Guthrie's family members and their spouses have been cleared as possible suspects in her disappearance. This comes as more details emerge about potential evidence in the case. CBS News' Jonathan Vigliotti reports.
Hillary Clinton on Epstein files handling
Former Secretary of State Hillary Clinton, who is being pressured to testify on what she knows about Jeffrey Epstein's dealings, is accusing the Trump administration of a cover-up over the Justice Department's handling of the Epstein files release. CBS News' Natalie Brand reports.
Space
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Fresh crew arrives at International Space Station to boost numbers back to 7
The Crew 12 docking came one month after a previous crew had to return to Earth early due to a medical issue.
SpaceX launches crew to ISS
NASA and SpaceX launched a new mission to the International Space Station with four crew members on board to replace the team that returned last month due to a medical issue with one member. Mark Strassmann has more.
SpaceX launches space station crew on 8-month mission
The two-woman, two-man crew is replacing four other station fliers who came home early last month due to a medical issue one was having.
NASA, SpaceX mission prepares for launch
NASA and SpaceX say they have completed their final reviews and are ready to launch a crewed mission to the International Space Station on Friday. Retired NASA astronaut Leroy Chiao joins "The Daily Report" to discuss.
ULA rocket has booster problem while launching classified Space Force payloads
A United Launch Alliance Vulcan rocket carrying classified Space Force payloads suffered a booster problem but apparently made an otherwise "nominal" ascent to space, the company said.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Average tax refund nearly 11% higher than 2025
Taxpayers are seeing bigger refunds so far this year thanks to new tax provisions signed into law by President Trump last summer. The latest IRS data shows the average refund so far this year is up nearly 11% from the same time last year.
Bishop William Barber remembers Jesse Jackson
Bishop William Barber II is the co-chair of the Poor People's Campaign and was a friend and mentee of Jesse Jackson. He joined CBS News to discuss Jackson's life.
Hillary Clinton slams Trump over Epstein files
Former Secretary of State Hillary Clinton accused the Trump administration of a "continuing cover-up" over its handling of the release of files related to the late convicted sex offender Jeffrey Epstein. The comments came in a BBC interview released Tuesday.
Rev. Jackson's message | 60 Minutes Archive
In 1977, Rev. Jesse Jackson spoke to young Black students in Los Angeles, spreading a message of self-help and building their confidence. "Down with dope, up with hope," Jackson, who died Tuesday at age 84, told students in this excerpt from a 1977 60 Minutes report.
Officials: No DNA match on gloves in Guthrie case
The DNA profile recovered from gloves found in the investigation into Nancy Guthrie's disappearance did not come back with any matches when entered into a national database maintained by the FBI, authorities said Tuesday. CBS News reporter Andres Gutierrez has more.