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.
Scotland fans who call themselves the Tartan Army will soon swarm Boston and Providence ahead of the World Cup matches in Foxboro.
Some parents in Brookline are raising concerns about dangerously hot playground surfaces at a local school.
Boston residents are excited about bars staying open later for the 2026 FIFA World Cup, but employees aren't so sure.
Clover Food Lab, the vegetarian fast food chain that closed all of its Boston-area restaurants last week, is already set to reopen.
"Chelsea Jane Doe" has been identified as Tiffany Bradley of Pennsylvania.
"Chelsea Jane Doe" has been identified as Tiffany Bradley of Pennsylvania.
Archaeologists searching for new clues about one of the most significant sites in the American Revolution have already found notable artifacts.
Investigators are looking at "environmental factors" at Uxbridge High School that could potentially be linked to breast cancer cases.
Beneficiaries would continue receiving payments if Social Security's trust fund is depleted, but checks could shrink by about 24%, according to a new report.
It happened on Route 101 in Exeter, New Hampshire on Tuesday morning. WBZ-TV's Chris Tanaka reports.
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 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.
A nurse says the decision is leaving the staff and patients at Tewksbury Hospital vulnerable to serious injury.
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."
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.
A proposed bill would push back "last call" so Massachusetts bars could stay open until 3 a.m. for the 2026 FIFA World Cup.
Dover Saddlery is closing its Wellesley, Massachusetts store and preparing for more than 100 layoffs.
The "dirty soda" trend is coming to drive-thrus all over Massachusetts as Dunkin' is now serving up its own version of the viral drink.
Built and operated entirely by volunteers, Waushakum Live Steamers brings miniature steam railroading to life on a full-scale landscape.
A Newburyport native, multitalented author, potter, and chef, Dave Becker opened his first restaurant at just 24 years old.
With routes that wind past rugged islands, historic lighthouses, and abundant marine life, Cap'n Fish's Cruises offers a classic way to experience Maine's midcoast by sea.
With over four decades dedicated to the art of bonsai, Bonsai West is one of New England's premier destinations for this living tradition.
New England's largest and oldest Renaissance festival, King Richard's Faire, is a celebration of music, theater, and history.
Pete Alonso hit a two-run homer and Shane Baz pitched seven solid innings as the Baltimore Orioles beat the Boston Red Sox 4-2 on Tuesday night.
Freshly acquired New England Patriots wide receiver A.J. Brown was all smiles Tuesday after his first practice with his new team.
New England Patriots head coach Mike Vrabel said newly acquired wide receiver A.J. Brown has passed his physical and is "ready to go."
Boston sports media personality Chris Gasper said he is preparing to undergo surgery for prostate cancer.
After months of speculation, the Philadelphia Eagles and New England Patriots have agreed to a trade for star wide receiver A.J. Brown.
A Boston man says he's lucky to be alive after jumping into the Charles River to save his dog.
Little Joe the gorilla is leaving Boston after decades at the Franklin Park Zoo.
There's been another sighting of an unusual killer whale named Old Thom in the waters off Massachusetts.
A soccer coach in Ludlow, Massachusetts plans to pay it forward after winning big on a lottery scratch ticket.
The Rumney Rocks Climbing Area is partially closed as nesting peregrine falcons could attack rock climbers.