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.
A new ramp linking the Mass Pike to I-495 in central Massachusetts is set to open.
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
The longest-tenured employee for the New England Patriots called it a career after 50 years in Foxboro.
A maternal health and wellness clinic in Duxbury, Soleo, is offering mothers a different kind of support to deal with Perinatal mood and anxiety disorders.
A mother from Lynn, Massachusetts who feared for days that she was about to be deported was not detained by immigration authorities after a meeting Monday.
A mother from Lynn who feared she was about to be deported was not detained by immigration authorities after a meeting Monday.
A new ramp linking the Mass Pike to I-495 in central Massachusetts is set to open.
The longest-tenured employee for the New England Patriots called it a career after 50 years in Foxboro.
A maternal health and wellness clinic in Duxbury, Soleo, is offering mothers a different kind of support to deal with Perinatal mood and anxiety disorders.
Thousands of people spent their Mother's Day walking for peace in Boston Sunday.
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.
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.
A Dorchester woman says Boston Police opened fire through her closed apartment door and the bullets went into her 5-year-old son's bedroom.
The I-Team has learned the Massachusetts Dept. of Health wants to take away pepper spray and non-lethal restraints from Tewksbury State Hospital safety officers.
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.
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.
Smokey Bones is closing all of its restaurants, including Massachusetts locations in Tyngsboro and Taunton.
Boston ranks right up there with Hawaii as one of the most expensive vacation spots in the country, according to a new report.
The Market Basket Board of Directors was justified in firing longtime CEO Arthur T. Demoulas, a judge ruled Monday.
April 20 is Patriots' Day and Marathon Monday in Massachusetts. Here's what's open and what's closed.
In Groton, Massachusetts, there is a recently opened state-of-the-art venue that is becoming one of the region's premier nonprofit music destinations.
Stellwagen Bank National Marine Sanctuary is a protected marine ecosystem off the coast of Massachusetts known for its rich biodiversity, world-class whale watching, and historic shipwrecks.
Best Bees installs and manages professionally maintained hives for homes, businesses, and institutions.
Known for his sustainable cooking and farm-fresh ingredients, Woods Hill's Charlie Foster is a leader in the farm-to-table movement.
Gaining Ground in Concord, Massachusetts is one of the region's leading non-profit farms dedicated to hunger relief.
The longest-tenured employee for the New England Patriots called it a career after 50 years in Foxboro.
Michela Cava scored at 1:12 of the second overtime to lead Ottawa to a 4-3 win over the Boston Fleet Sunday.
The Tampa Bay Rays beat the Boston Red Sox 4-1 on Sunday to win the rain-shortened series.
Red Sox first baseman Willson Contreras ended up with a bruised right hand after he was hit by a fastball from Tampa Bay's Nick Martinez Sunday.
Red Sox pitcher Payton Tolle wore his pant legs near his knees showing his pink socks on Mother's Day.
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.