What Kevin Warsh as new Federal Reserve chair could mean for the economy
The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.
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The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
Treasury Secretary Scott Bessent emphasized the benefits of Trump Accounts and addressed affordability concerns in an interview with CBS News.
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
The Federal Reserve will announce if they will cut rates again in December's meeting — their last meeting of 2025. The decision will determine whether borrowers get more relief on interest rates.
Bitcoin has erased all of its 2025 gains and is on track for its worst monthly performance since 2022. Here's what experts say about the decline.
The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.
Concerns about a weakening labor market may outweigh worries about rising inflation, tipping the Fed toward another rate cut, economists say.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first time since December 2024.
President Trump has said he is firing Cook from her role over allegations she made false representations on mortgage agreements several years ago.
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
Employers added far fewer jobs last month than economists had predicted, prompting some experts to reassess the economy.
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.
Federal Reserve Chair Jerome Powell cited risks to the labor market in opening the door to cutting interest rates. Here's what job-seekers should know.
Investors will be closely eyeing Powell's speech in Jackson Hole on Friday to see if the Fed chair hints at a potential rate cut at the central bank's next meeting.
President Trump visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
The Federal Reserve Board will announce its next rate decision today, June 18, at 2 p.m. EST.
Our prolonged period of strong winds and critical fire danger rolls on for Friday for day number two of a three day threat. Warm temperatures, dry air and super, gusty winds will team up again for a First Alert Weather Day that creates ideal conditions for rapid wildfire spread.
High winds turned the big, beautiful trees that make Evergreen so green into safety hazards. Evergreen Fire/Rescue responded to at least 75 calls related to the wind.
A school bus driver was arrested in Lakewood and now faces a felony charge of sexual assault on a child by a person in a position of trust.
The U.S. is temporarily allowing the purchase of Russian oil that's already at sea, in the Trump administration's latest move to loosen sanctions on Russia's oil industry as the world grapples with high oil prices.
Companies are using people's browsing and buying history to set individualized prices on everything from groceries to plane tickets based on what they think a person can afford or is willing to pay.
Our prolonged period of strong winds and critical fire danger rolls on for Friday for day number two of a three day threat. Warm temperatures, dry air and super, gusty winds will team up again for a First Alert Weather Day that creates ideal conditions for rapid wildfire spread.
High winds turned the big, beautiful trees that make Evergreen so green into safety hazards. Evergreen Fire/Rescue responded to at least 75 calls related to the wind.
A school bus driver was arrested in Lakewood and now faces a felony charge of sexual assault on a child by a person in a position of trust.
CBS News Colorado's new documentary, "Making Ends Meet," follows hard-working Colorado families facing financial hurdles that defy easy solutions.
Companies are using people's browsing and buying history to set individualized prices on everything from groceries to plane tickets based on what they think a person can afford or is willing to pay.
Record low moisture this winter is concerning to residents, business owners, and city officials.
The closure will also impact Moby Arena and some scheduled playoff games.
High winds turned the big, beautiful trees that make Evergreen so green into safety hazards. Evergreen Fire/Rescue responded to at least 75 calls related to the wind.
Another round of powerful winds, forecast for the rest of the week, is prompting the energy company to plan for more public safety power shutoffs on Saturday.
Denver Restaurant Week runs from March 6 to 15. You can see the menus of participating restaurants at cbscolorado.com
As the Colorado Avalanche took to the ice for their morning skate at Ball Arena on Tuesday, 17-year-old Sabrina Cassano stood along the glass smiling ear to ear.
Nathan MacKinnon scored his NHL-leading 43rd goal and scored the winning goal in a shootout, lifting the Colorado Avalanche to a 3-2 victory over the Minnesota Wild on Sunday in a matchup between two of the NHL's top four teams in points.
Iran's women's soccer team was branded "traitors" after declining to sing their national anthem at the Asian Cup in Australia, fueling fear for the women if they returned home.
Oksana Masters has competed at every Paralympics since 2012 and is the most decorated American Winter Paralympian.
A Denver-based UFC fighter will be representing Colorado in the octagon this Saturday night in Las Vegas.
An aerial refueling tanker crashed in Western Iraq, U.S. officials said.
The federal observer program sends neutral observers to monitor election sites to ensure voters don't experience discrimination at the polls.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
The attacker rammed a vehicle into Temple Israel in West Bloomfield and was confronted and killed by security, Oakland County Sheriff Michael Bouchard said.
The suspect, who was killed following the shooting, had previously been imprisoned for several years for trying to support ISIS, the FBI said.
The U.S. is temporarily allowing the purchase of Russian oil that's already at sea, in the Trump administration's latest move to loosen sanctions on Russia's oil industry as the world grapples with high oil prices.
Companies are using people's browsing and buying history to set individualized prices on everything from groceries to plane tickets based on what they think a person can afford or is willing to pay.
In the letter, sent on Tuesday and obtained by CBS News Colorado on Thursday, lawmakers wrote that Peters "has made no efforts" to accept accountability and instead continues to promote election-denial conspiracy theories.
An aerial refueling tanker crashed in Western Iraq, U.S. officials said.
The federal observer program sends neutral observers to monitor election sites to ensure voters don't experience discrimination at the polls.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Colorado health officials have identified two additional cases of measles, bringing the total number to nine in the Broomfield outbreak.
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
A measles outbreak tied to local schools has some parents in the Broomfield community weighing difficult decisions about everyday activities, especially those with infants too young to be vaccinated.
Dentists, hygienists, and researchers say a shortage of rural dental care professionals and worsening oral hygiene since the COVID-19 pandemic mean more kids are ending up in the emergency room for tooth decay.
The U.S. is temporarily allowing the purchase of Russian oil that's already at sea, in the Trump administration's latest move to loosen sanctions on Russia's oil industry as the world grapples with high oil prices.
Companies are using people's browsing and buying history to set individualized prices on everything from groceries to plane tickets based on what they think a person can afford or is willing to pay.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Attacks on shipping traffic and energy infrastructure in the Persian Gulf temporarily pushed oil back above $100 a barrel, stoking investor fears.
As pennies begin to disappear, states are grappling with a "rounding" problem for cash purchases that would have included them in the past.
There's harsh criticism of a Colorado police officer charged with failing to report a crash -- a crash investigators say he was partially responsible for while off-duty. Some of the strongest criticism is coming from an unexpected place.
A CBS Colorado investigation has learned the City of Denver has spent $110,000 on a 14-month investigation of Denver Police Division Chief Magen Dodge, but is refusing to release the completed investigation, which was finalized three months ago.
A Colorado family is calling for change and sharing their struggle after a clinical trial their son relied on suddenly ended.
The case of a police officer who allegedly fled after off-duty road rage incident that ended in crash on I-25 is highlighting the hiring pressures small departments in Colorado face.
A popular youth hockey coach in southern Colorado has been arrested for investigation of felony child abuse after colliding on the ice with one of his players in a case that one of the coach's supporters called a "terrifying precedent for youth sports across the country."