President Trump's choice for new Fed chair says he thinks the central bank should be independent
Kevin Warsh said he's "never made any promises to the president" in a hearing before the Senate banking committee.
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Kevin Warsh said he's "never made any promises to the president" in a hearing before the Senate banking committee.
In a Monday speech, Powell also touched on the impact of the Iran war, saying that longer-term inflation expectations remain in check.
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.
Natalie Brand reports from the White House.
President Trump confirmed CBS News reporting that he discussed firing Federal Reserve Chairman Jerome Powell with Republican lawmakers. CBS's Erica Brown reports.
Stock markets were up early Wednesday as the president said he had no intention of firing Jerome Powell. Natalie Brand of CBS News reports.
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.
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.
Sen. Elizabeth Warren's St. Patrick's Day breakfast jokes touched on Federal Reserve Chair Jerome Powell and the Silicon Valley Bank collapse.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Warren has previously called Powell a "dangerous man" to lead the Fed.
With so much uncertainty in the world, economic recovery will be a long, slow process.
Dozens of city positions are set to be cut, including six in the Lowell Fire Department.
The major league-best Atlanta Braves defeated the Boston Red Sox 3-2 on Friday night.
The flags at the Massachusetts Fallen Heroes Memorial represent the names of each man and woman from the state who made the ultimate sacrifice.
Jessica Ostrowski says her whole life changed when her fiancé Trooper Kevin Trainor was killed stopping a wrong-way driver.
Firefighters responded to a fire at Robbins Lumber in Searsmont, Maine, about 95 miles from Portland.
Jessica Ostrowski says her whole life changed when her fiancé Trooper Kevin Trainor was killed stopping a wrong-way driver.
Temperatures are warming up in Boston next week with the city's first 80 and 90-degree days in over 200 days.
The family of Elizabeth "Lizzie" Dankert, who died in a boat crash in East Boston, said they will miss her immensely.
A Boston University student was arraigned on Friday for allegedly threatening students and staff at the school.
Firefighters responded to a fire at Robbins Lumber in Searsmont, Maine, about 95 miles from Portland.
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.
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.
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.
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.
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 major league-best Atlanta Braves defeated the Boston Red Sox 3-2 on Friday night.
Kyle Schwarber hit his major league-leading 18th home run and the Phillies defeated the Red Sox 3-1 on Thursday night.
After days of leaks and rumors, the NFL finally released the full schedule for the New England Patriots.
The New England Patriots won't have to wait long for another crack at the Seattle Seahawks after getting dominated in the Super Bowl.
The Boston Red Sox beat the Philadelphia Phillies 3-1 on Wednesday night.
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.