Federal Reserve chair says subpoenas are "threat" and consequence for not listening to Trump
Chair of the Federal Reserve Jerome Powell called the subpoenas a threat and a consequence for not listening to the president.
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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.
WBZ-TV's David Wade breaks down what the Federal Reserve's interest rate hike means for you.
Fans are buzzing in anticipation for the New England Patriots to face the Houston Texans on Sunday. When asked what they would say to the team in a pregame locker-room speech they did not hold back.
It took Aaron Braun years to get more than 93,000 Dunkin' rewards points, but after a policy change he's left with a fraction of that.
Boston's Logan Airport has added free arcade games as part of a project to improve the passenger experience.
An Abington, Massachusetts man is accused of trying to set the police chief's cruiser on fire Friday morning.
It's the end of an era for Tom Brady's TB12 health and wellness brand.
Storms will bring some snow to Massachusetts on Saturday and Sunday, and it could impact the Patriots playoff game.
Boston police said both drivers ended up in the hospital with non-life-threatening injuries. WBZ-TV’s Anna Meiler reports.
An Abington, Massachusetts man is accused of trying to set the police chief's cruiser on fire Friday morning.
Fans are buzzing in anticipation for the New England Patriots to face the Houston Texans on Sunday. When asked what they would say to the team in a pregame locker-room speech they did not hold back.
Marshfield, Massachusetts police officer Richard Perry has been placed on administrative leave after he allegedly caused a serious head-on crash.
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.
Four children have died from the flu in Massachusetts so far this season, public health officials say.
Fewer people in Massachusetts are getting their seasonal flu and COVID vaccinations as the number of respiratory infections in the state continues to rise.
Flu is on the rise in Massachusetts, just as people are starting to gather for the holidays.
It took Aaron Braun years to get more than 93,000 Dunkin' rewards points, but after a policy change he's left with a fraction of that.
In the last three years, the Better Business Bureau has received thousands of complaints about GE.
A home baker from Foxboro, Massachusetts is frustrated that the pricy oven she bought from GE wasn't working properly. Attempts to fix it failed.
Eight states have laws making police body cameras mandatory. Massachusetts isn't one of them.
A Massachusetts family got stuck with a bill for a damaged tire on their rental car, even though they bought the extra coverage.
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.
Boston's Time Out Market, a Fenway food hall that opened less than seven years ago, is now set to close.
Small businesses in Massachusetts are seeing a boom in business thanks to the playoff run by the New England Patriots.
Three Uno Pizzeria & Grill locations in Massachusetts and one in Rhode Island have closed for good.
TJ Maxx has closed its Newbury Street store in Boston less than a decade after it first opened.
Circle Furniture appears to have suddenly closed all of its stores right before Christmas.
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.
Fans are buzzing in anticipation for the New England Patriots to face the Houston Texans on Sunday. When asked what they would say to the team in a pregame locker-room speech they did not hold back.
The Boston Bruins beat the Seattle Kraken 4-2 on Thursday night after raising Zdeno Chara's No. 33 to the rafters.
Anfernee Simons scored 18 of his season-high 39 points in the fourth quarter as the Boston Celtics rallied to beat the Miami Heat 119-114.
The Boston Bruins retired Zdeno Chara's number in a ceremony at the TD Garden.
The AFC divisional round game at Gillette Stadium will be the first postseason matchup for Josh and Ben McDaniels.
A gathering of North Atlantic right whales off Massachusetts over the weekend appears to have set a new monthly record.
A rocketship on a downtown Boston roof is part of the new Winteractive 2026 public art installation.
The overpowering scent of Dunkin' donuts in the air has some Haverhill residents complaining.
Alex Cornwell's display of nearly 300 Christmas inflatables is attracting visitors from around Massachusetts.
Police are looking for whoever opened fire on inflatable Christmas decorations in Bow, New Hampshire.