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.
Darren Raddysh broke a tie with 5:31 left and Tampa Bay beat the Boston Bruins 3-1 on Saturday night, hours after the Lightning secured a playoff spot.
Ramón Laureano had a bloop RBI single with two outs in the ninth inning off closer Aroldis Chapman and the San Diego Padres outlasted the Boston Red Sox 3-2 on Saturday at frigid Fenway Park.
Police killed a suspect who allegedly shot and wounded an officer earlier on Saturday in Raymond, New Hampshire.
A man armed with a sword stabbed a Boston Police officer near Northeastern University in Boston on Saturday, according to police.
Jaylen Brown scored 26 points, Jayson Tatum added 23, and the hot-shooting Boston Celtics capitalized on another fast start in a 133-101 victory over the short-handed Milwaukee Bucks on Friday night.
Police killed a suspect who allegedly shot and wounded an officer earlier on Saturday in Raymond, New Hampshire.
A man armed with a sword stabbed a Boston Police officer near Northeastern University in Boston on Saturday.
A potentially rabid fox attacked a woman in Worcester, Massachusetts Friday in an incident that was captured on video.
A nurse says the decision is leaving the staff and patients at Tewksbury Hospital vulnerable to serious injury.
The union says audio of conversations are being recorded in the hallways of Lawrence City Hall without authorization or consent.
Boston's cold and snowy winter might have an effect on this year's pollen allergy season.
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."
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.
Frankie Rodenbaugh died just days after his babysitter allegedly left him in a car, strapped in his seat for hours with no food or water.
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.
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.
Easter is today. Stores like Market Basket, Big Y and Stop & Shop have shared whether they'll be open or closed for the holiday.
Clover Food Lab, a vegetarian restaurant chain in the Boston area, has let the state know it may have to lay off 182 workers.
The James Beard Awards announced their 2026 finalists. Here are the New England restaurants and chefs up for honors.
Free Jordan's Furniture is one round away thanks to UConn's success in March Madness.
A Framingham, Massachusetts bakery that was well known for its pizza trays has closed for good.
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.
Darren Raddysh broke a tie with 5:31 left and Tampa Bay beat the Boston Bruins 3-1 on Saturday night, hours after the Lightning secured a playoff spot.
Ramón Laureano had a bloop RBI single with two outs in the ninth inning off closer Aroldis Chapman and the San Diego Padres outlasted the Boston Red Sox 3-2 on Saturday at frigid Fenway Park.
Jaylen Brown scored 26 points, Jayson Tatum added 23, and the hot-shooting Boston Celtics capitalized on another fast start in a 133-101 victory over the short-handed Milwaukee Bucks on Friday night.
Marcelo Mayer and Willson Contreras both hit home runs and the Red Sox snapped a five-game losing streak with a 5-2 win in their home opener over the Padres on Friday.
Boston, which had won four straight, got a goal from Fraser Minten. Jeremy Swayman made 22 saves in the loss.
Hot dogs and fries at Fenway Park just got an upgrade. Boston Red Sox fans can now have lobster on their ballpark favorites.
A small restaurant and convenience store on Nantucket, Massachusetts keeps selling big lottery winners.
Ziggy the dog showed his appreciation for the New Hampshire firefighter who saved his life after a freak accident.
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.