Fed's Powell tells students not to despair despite tough job market
In a Monday speech, Powell also touched on the impact of the Iran war, saying that longer-term inflation expectations remain in check.
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In a Monday speech, Powell also touched on the impact of the Iran war, saying that longer-term inflation expectations remain in check.
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.
The Boston Red Sox beat the Colorado Rockies 5-2 on Tuesday night.
Sadness, shock, and anger manifested at a vigil in Mattapan for Mabinty Janneh.
The Washington Wizards selected Brockton native AJ Dybantsa with the No. 1 overall pick in the 2026 NBA Draft on Tuesday.
Dozens of children at the Boys & Girls Club of Worcester boarded buses to the World Cup to see England face Ghana thanks to ticket donations from Airbnb.
Rain jackets and ponchos were a common sight Tuesday, but the on-and-off showers did little to dampen the atmosphere at the FIFA Fan Festival on Boston's City Hall Plaza.
The Washington Wizards selected Brockton native AJ Dybantsa with the No. 1 overall pick in the 2026 NBA Draft on Tuesday.
A man has been arrested for murder in connection with the death of Janina Brooke Murphy, months after she died in a Connecticut home under suspicious circumstances.
Sadness, shock, and anger manifested at a vigil in Mattapan for Mabinty Janneh.
The Massachusetts Supreme Judicial Court ruled Tuesday that a rent control ballot question cannot appear on this November's ballot.
Scotland and its passionate fanbase, known as the Tartan Army, took over Boston during the World Cup. Now, Patriots owner Robert Kraft wants to return the favor.
Many people fear that a family history of dementia dooms them to inevitably suffer the condition themselves. But a new tool, the Brain Care Score, shows how lifestyle changes can be beneficial, cutting the risk of dementia.
There was a possible measles exposure at Logan Airport in Boston last week, Massachusetts health officials say.
A new study finds that a simple blood test could predict Alzheimer's disease long before symptoms appear.
The Lone Star tick, which can cause alpha-gal syndrome, is spreading north throughout Massachusetts.
Boston's cold and snowy winter might have an effect on this year's pollen allergy season.
A Massachusetts family thought their Vrbo stay would be protected after they had to cancel their trip to Hawaii due to severe weather. Now they're out $12,000.
A driver from Southboro, Massachusetts struggled for months to unravel a frustrating mix up with his E-ZPass account.
The gunman who allegedly opened fire on passing cars on Memorial Drive in Cambridge, Massachusetts is 46-year-old Tyler Brown from Boston.
There have been four violent attacks in three weeks at Tewksbury Hospital and a state representative is taking the fight to Beacon Hill to give security the non-lethal equipment back.
A family is demanding answers from the Gloucester, Massachusetts school district, after learning their five-year-old son was left alone in a quiet room for nearly half an hour.
Barney Frank, a Democrat who represented Massachusetts in Congress for 32 years, has died. He was 86 years old.
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."
Dozens of Boston bars and restaurants are taking advantage of a new Massachusetts law allowing for a later last call.
We now know when the sales tax holiday is coming to Massachusetts in August.
Gov. Maura Healey said Tuesday that she personally supports bringing back happy hour in Massachusetts.
An Amazon employee is accused of stealing hundreds of items from a warehouse in Bridgewater, Massachusetts.
Clover Food Lab, which has about a dozen vegetarian fast-food restaurants in the Boston area, is closing.
Beauport, the Sleeper-McCann House has become one of New England's most imaginative seaside estates.
Blending clean modern lines with the warmth of a classic seaside retreat, this stunning North Shore coastal home was designed to feel both elevated and inviting.
Set across thirty acres of rolling lawns, wooded trails, and contemporary outdoor art, deCordova Sculpture Park and Museum invites visitors to experience art in the landscape.
James Beard Award-winning chef and restaurateur Karen Akunowicz has become known for her bold, Italian-inspired cooking and unmistakable culinary voice.
Just a short drive from Newport, the Norman Bird Sanctuary spans 300 acres of fields, forests, and coastal trails with sweeping views and more than six miles of hiking paths.
The Boston Red Sox beat the Colorado Rockies 5-2 on Tuesday night.
The Washington Wizards selected Brockton native AJ Dybantsa with the No. 1 overall pick in the 2026 NBA Draft on Tuesday.
Rain jackets and ponchos were a common sight Tuesday, but the on-and-off showers did little to dampen the atmosphere at the FIFA Fan Festival on Boston's City Hall Plaza.
England dominated possession but came up empty on several late scoring opportunities in a 0-0 draw with Ghana on Tuesday at the World Cup.
Scotland and its passionate fanbase, known as the Tartan Army, took over Boston during the World Cup. Now, Patriots owner Robert Kraft wants to return the favor.
Haggis is not on the menu in Boston for the World Cup, despite what Gov. Healey told Scotland supporters in a lighthearted social media video.
There have been multiple sightings of a black bear in some unusual locations on the seacoast of New Hampshire and in southern Maine.
There's a smelly situation on the beach in Provincetown, Massachusetts after thousands of squid washed up on shore
Have you ever wondered where all the fish in the New England Aquarium come from? The answer is just down the road in Quincy.
Hopkinton, Massachusetts police are investigating video of a "suspicious" person walking into the middle of a road at night in front of a car.