Kevin Warsh is President Trump's pick to lead Federal Reserve
Warsh is said to be in favor of lowering interest rates. Natalie Brand of CBS News reports.
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Warsh is said to be in favor of lowering interest rates. Natalie Brand of CBS News reports.
Chair of the Federal Reserve Jerome Powell called the subpoenas a threat and a consequence for not listening to the president.
The Trump administration served grand jury subpoenas to the Federal Reserve on Sunday night.
The Federal Reserve of Boston is bringing their employees back into the office full time.
Financial experts have been anticipating these cuts for some time, and the belief is there will be two more cuts by the end of the year.
The Federal Reserve signaled that more cuts could be coming by the end of the year. WBZ-TV’s Courtney Cole reports.
Demonstrators also protested outside the CDC in Atlanta over President Trump's decision to fire the CDC director, Susan Monarez, which triggered several other top officials to resign. Erica Brown reports from the White House.
Lisa Cook's attorneys were also in court asking a judge to block the president from firing her from the Federal Reserve Board of Governors, based on allegations of mortgage fraud. Natalie Brand reports from the White House.
Interest rates for loans on homes and cars will remain high because the Federal Reserve is keeping a benchmark rate unchanged. CBS's Bradley Blackburn reports.
Chuck Zodda of the Armstrong Advisory Group examines the latest financial headlines with CBS News Boston digital host Joe Weil.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
The central bank has pushed pause after 11 straight interest-rate hikes. Here are steps to take with your money now.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
The Federal Reserve raised interest rates by one quarter of a percentage point at its meeting today. CBS News political correspondent Caitlin Huey-Burns, CBS News contributor and managing editor for business and markets for Axios Javier David, and host of "TheStreet" J.D. Durkin joins us with more on the impact and the reaction.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
Can the Fed keep raising interest rates and defeat the worst bout of inflation in 40 years without causing a slump?
The central bank boosted interest rates for the seventh time this year, which means pricier debt and loans.
It is the fourth straight month the Federal Reserve has increased the interest rate by ¾ of a point.
WBZ-TV's Brandon Truitt reports.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
The central bank said it is boosting rates by 0.75 percentage point. Expect to pay more for credit card debt and loans.
"Extraordinary" rate hike comes on the heels of another sharp increase in June. That means debt is about to get more expensive.
Officials expect upwards of one million people to attend the St. Patrick's Day Parade in South Boston on Sunday.
An Air Force Junior ROTC program at Lowell High School in Massachusetts is changing its uniform guidance for cadets due to the war in Iran.
A judge ruled that Kelsey Fitzsimmons can move into her own apartment as she tries to regain custody of her son.
One of two Boston store owners charged in a $7 million Massachusetts SNAP fraud case is pleading guilty.
Rent control in Massachusetts could lead to big losses in city and town budgets, according to a new study released Thursday.
There will be scattered coatings of sleet and snow throughout the Boston area Thursday evening.
A judge ruled that Kelsey Fitzsimmons can move into her own apartment as she tries to regain custody of her son.
An Air Force Junior ROTC program at Lowell High School in Massachusetts is changing its uniform guidance for cadets due to the war in Iran.
O'Connor's Restaurant & Bar, a well-known Irish pub in Worcester, Massachusetts for decades, is closing for good right before St. Patrick's Day.
Officials expect upwards of one million people to attend the St. Patrick's Day Parade in South Boston on Sunday.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Two Massachusetts residents have been diagnosed with measles, the Department of Public Health confirmed Friday.
There's a new drug that can help early morning shift workers stay awake and alert, a study out of Boston found.
As millions of Americans struggle with paying for health care, doctors and health experts discuss how medical care is being eroded by insurers denying necessary tests and treatment, making it "more difficult to be healthy in the United States."
Flu cases are rising rapidly, especially among kids in Boston, where hospitalizations of children under five have increased 150% over the last two weeks.
A woman went to visit her mother's grave at St. Joseph Cemetery in West Roxbury and was surprised to see the headstone was moved.
In the last four years there were 168 threats made against trial court judges in Massachusetts, according to state records.
A former staff member at a Massachusetts residential program for children living with autism is accused of breaking a teenage student's arm.
The ads for the Find Mass Money website in Massachusetts make it seem easy. But one couple struggled to get their $11,000.
Four Massachusetts State Police instructors have been charged following an investigation into the 2024 death of state police recruit Enrique Delgado-Garcia.
Both the Trump and Healey administrations are using government websites to blame each other for the shutdown.
Which party stands to take more of the blame from voters for the government shutdown? Here's what a new poll says.
A UNH Survey Center/Granite State poll shows John Sununu crushing Scott Brown by 23 points among likely primary voters in New Hampshire.
Seth Moulton said he's running against Sen. Ed Markey because "our party leaders are clinging to that old playbook."
Maine Governor Janet Mills' run for Senate comes with an unusual promise - she will only serve one six-year term.
O'Connor's Restaurant & Bar, a well-known Irish pub in Worcester, Massachusetts for decades, is closing for good right before St. Patrick's Day.
Gillette is making a $1 billion investment in a new Boston headquarters.
The restaurants at View Boston are closing this spring.
Uno Pizzeria and Not Your Average Joe's are closing more restaurants in Massachusetts.
Kowloon is expected to draw big crowds to Revere, Massachusetts when it opens a new tiki bar.
Just steps from the water's edge along Lake Winnipesaukee, a spectacular estate mixes modern architecture with breathtaking views.
An innovative craft winery located in downtown Meredith, New Hampshire, Hermit Woods is taking a different approach to winemaking.
Located on the water's edge along New Hampshire's Lake Winnipesaukee, Mill Falls blends elegant luxury with spectacular vistas.
Kohler Store by Supply New England and an interior designer showcases how beauty and functionality can breathe new life into a project.
James Beard-nominated pastry chef and co-founder of Bakey in Boston gives insight on how to make his world-famous babka.
The Patriots lost a pair of defense players on Wednesday as the new league year is about to get underway.
The San Antonio Spurs beat Boston 125-116 on Tuesday night to sweep a contentious two-game season series with the Celtics.
The Boston Bruins earned their 13th straight victory at home, 2-1 over the Los Angeles Kings on Tuesday night.
Celtics All-Star Jaylen Brown was ejected after receiving two technical fouls during the first half of Tuesday's game against the San Antonio Spurs.
The New England Patriots are adding a weapon for quarterback Drake Maye, signing free agent wide receiver Romeo Doubs.
Researchers spotted the season's first North Atlantic right whale mothers and calves in Cape Cod Bay.
Blue whales, the largest animals on Earth, have been spotted not far off the coast of Massachusetts.
The MSPCA-Angell is looking to find homes for 163 rats that were surrendered in Massachusetts.
Cape Cod beaches are covered with chunks of ice amid an abnormally cold winter in Massachusetts.
Snowmobilers came to the rescue of a moose that was buried up to its neck in snow off a New England trail on Tuesday.