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.
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.
Colorado State Patrol troopers are reminding everyone that while you are out celebrating St. Patrick's Day, do it responsibly- do not drink and drive.
People are being asked to help decide the name of the future train that will shuttle passengers from Pueblo to Fort Collins and several cities in between.
Late Monday night, the Aurora City Council voted unanimously on a city ordinance, cracking down on retailers and smoke shops that sell tobacco and vaping products to people younger than 21 years old.
We've unfortunately become all too familiar with the warm, windy, and dry conditions throughout Colorado's winter. And for yet another week, elevated and critical fire weather conditions are returning.
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.
Colorado State Patrol troopers are reminding everyone that while you are out celebrating St. Patrick's Day, do it responsibly- do not drink and drive.
People are being asked to help decide the name of the future train that will shuttle passengers from Pueblo to Fort Collins and several cities in between.
Late Monday night, the Aurora City Council voted unanimously on a city ordinance, cracking down on retailers and smoke shops that sell tobacco and vaping products to people younger than 21 years old.
We've unfortunately become all too familiar with the warm, windy, and dry conditions throughout Colorado's winter. And for yet another week, elevated and critical fire weather conditions are returning.
Joe Ruch is tracking increasing winds on Tuesday.
St. Patrick's Day might be a week away, but thousands will be celebrating this weekend, and Colorado State Patrol troopers are reminding everyone that while you are out celebrating, do it responsibly.
Colorado's Iranian-American community is honoring those who have lost their lives in the recent conflict with a photo exhibit at the State Capitol.
Girls & Science continues with 2nd Saturday at CSU SPUR on March 14 where there will be fun ways to interact with science, technology, engineering and math.
Late Monday night, Aurora City Council voted unanimously on a city ordinance, cracking down on retailers and smoke shops who sell tobacco and vaping products to people younger than 21 years old.
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.
The Colorado Avalanche are reportedly finalizing a deal to bring back 2021-22 Stanley Cup champion Nazem Kadri!
The office that polices attorney misconduct in Washington, D.C., has filed ethics charges against Justice Department pardon attorney Ed Martin.
Investigators are searching a New Mexico ranch where Jeffrey Epstein once entertained guests, amid allegations that it may have been used for sexual abuse and sex trafficking.
Defense Secretary Pete Hegseth said Tuesday that it would be the "most intense day" of strikes against Iran so far.
President Trump told CBS News the U.S. war with Iran is "very complete," and said the U.S. "could do a lot" about the Strait of Hormuz.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
The office that polices attorney misconduct in Washington, D.C., has filed ethics charges against Justice Department pardon attorney Ed Martin.
Defense Secretary Pete Hegseth said Tuesday that it would be the "most intense day" of strikes against Iran so far.
Wyoming Gov. Mark Gordon has signed legislation banning abortions after embryotic cardiac activity can be detected, but a court challenge is likely.
Congressman Evans shared Secretary Wright's sentiments about calling on state and federal lawmakers to roll back regulations, which they say would lower consumer prices and increase production.
Michael and Jill White testified in favor of a bill that would require law enforcement to ask every driver involved in a serious or fatal crash to take a voluntary alcohol test.
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 zipper head on the recalled HALO Magic Sleepsuits poses a danger to babies, according to the U.S. Consumer Product Safety Commission.
In July, Prasad was briefly forced from his job, but was reinstated less than two weeks later.
Health officials in Colorado have identified four additional cases of measles in connection with the recent outbreak at Broomfield High School or Broomfield Heights Middle School and have expanded the list of locations for possible exposure.
Workers at the largest meat supplier in the world will strike at its Greeley plant, according to the workers' union, which said 99% of workers at the plant approved the strike over "poverty-level" wages.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
After a sharp drop in early trading, stocks recovered part of those losses as oil prices fell back below $100.
Live Nation, the parent company of Ticketmaster, has reached a deal with the Department of Justice as part of a high-stakes antitrust trial.
Jet fuel costs have shot up more than 50% since the U.S.-Israel attack on Iran sparked a jump in global prices.
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."