How will Jerome Powell be remembered as he exits as Fed chair?
As Powell steps down after more than eight years leading the Federal Reserve, economists say he helped steer the U.S. through historic shocks but misread inflation.
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As Powell steps down after more than eight years leading the Federal Reserve, economists say he helped steer the U.S. through historic shocks but misread inflation.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
U.S. Attorney Jeanine Pirro said Friday her office is dropping its criminal investigation into Fed Chairman Jerome Powell and the $2.5 billion renovation of the central bank's headquarters.
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
President Trump would love to be finally rid of Fed Chair Jerome Powell. But firing him would kick up a legal firestorm and roil financial markets, experts said.
In a Monday speech, Powell also touched on the impact of the Iran war, saying that longer-term inflation expectations remain in check.
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
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.
A spring storm will bring a sharp split in Colorado's weather on Monday, with rain expected in Denver and along the lower I-25 corridor while accumulating snow falls in the mountains and upper foothills.
After multiple surprise extensions and a few late season snowstorms, Colorado's long and difficult ski season has officially come to a close.
State and county authorities took possession of dozens of bison from a private ranch in northwestern Colorado on Saturday and expect to charge the owner with multiple counts of cruelty to animals.
At Monday's Aurora City Council meeting, council members will vote on a resolution that will set guidelines for what the Aurora Police Department can post on social media.
An Arvada West High School senior nearly missed one of the biggest nights of her life after a sudden medical emergency, but thanks to quick action from doctors at HCA HealthONE Rocky Mountain Children's, she still made it to prom just hours after surgery.
A spring storm will bring a sharp split in Colorado's weather on Monday, with rain expected in Denver and along the lower I-25 corridor while accumulating snow falls in the mountains and upper foothills.
After multiple surprise extensions and a few late season snowstorms, Colorado's long and difficult ski season has officially come to a close.
State and county authorities took possession of dozens of bison from a private ranch in northwestern Colorado on Saturday and expect to charge the owner with multiple counts of cruelty to animals.
At Monday's Aurora City Council meeting, council members will vote on a resolution that will set guidelines for what the Aurora Police Department can post on social media.
An Arvada West High School senior nearly missed one of the biggest nights of her life after a sudden medical emergency, but thanks to quick action from doctors at HCA HealthONE Rocky Mountain Children's, she still made it to prom just hours after surgery.
Colorado’s average price for unleaded is $4.66 per gallon right now. Because of the high prices, AAA is encouraging Coloradans to take road trips close to home and stay local.
Watch Alex Lehnert's forecast
Raetta Holdman was a true journalist and driving force behind the scenes of special news event coverage for CBS Colorado.
A police shooting at the Main Event in Douglas County has prompted new legislation at the Colorado State Capitol.
Two people were arrested after a fight at a graduation party in Weld County over the weekend.
Ronda Rousey used her signature armbar to stop Gina Carano just 17 seconds into a comeback bout between the two MMA fighters.
FIFA President Gianni Infantino joked that if someone does pay $2 million for a ticket to the World Cup final, "I will personally bring him a hot dog and a Coke."
The Preakness Stakes featured its biggest field in 15 years with 14 horses in the middle jewel of horse racing's Triple Crown.
The Broncos full NFL schedule is out and includes late-season rematches against Denver's 2025 playoff opponents.
The NHL announced that the Colorado Avalanche will be playing their first game of the Western Conference finals next Wednesday.
The Mountain Home Air Force Base in Idaho was locked down following the midair crash during the Gunfighter Skies Air Show.
Ronda Rousey used her signature armbar to stop Gina Carano just 17 seconds into a comeback bout between the two MMA fighters.
FIFA President Gianni Infantino joked that if someone does pay $2 million for a ticket to the World Cup final, "I will personally bring him a hot dog and a Coke."
Approximately 40 million people across the West depend on the Colorado River for water every single day. But the region could soon face drastic measures as the river keeps shrinking.
No injuries have been reported because of the issue, the Food and Drug Administration said.
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
President Trump announced Friday evening that U.S. and Nigerian military forces had killed Abu-Bilal al-Minuki, a leader in the Islamic State group.
The Supreme Court on Friday rejected a bid by Virginia Democrats to revive its new voter-approved congressional map that was drawn to advantage the party for the upcoming midterm elections.
Gov. Jared Polis announced he is commuting the sentence of former Mesa County Clerk Tina Peters, who was facing more than eight years in state prison for allowing unauthorized access to voting machines following the 2020 presidential election.
In an interview with "Face the Nation," Gates said another mass exodus from Cuba is the "biggest risk."
On Friday, the Colorado Department of Public Health and Environment confirmed a fatal case of hantavirus in the state.
A new Ebola outbreak in a remote province in Congo has caused 65 deaths and 246 suspected cases so far, Africa CDC says.
A third of patients in a clinical trial had tumors shrink while taking a genetically engineered treatment known as RP1.
HHS Secretary Robert F. Kennedy Jr. is trying to address the interests of his MAHA supporters, who view him as their hope for the future, while being a good soldier in the eyes of the Trump White House.
Several states have required their health agencies to take on another job: verifying immigration status among Medicaid recipients and reporting them to the U.S. Department of Homeland Security.
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
No injuries have been reported because of the issue, the Food and Drug Administration said.
A federal system is working to crack down on trucks skirting safety regulations, a problem inspectors are seeing on Colorado roadways.
As Powell steps down after more than eight years leading the Federal Reserve, economists say he helped steer the U.S. through historic shocks but misread inflation.
Oklahoma has filed a lawsuit against Roblox, making it the latest state to take legal action against the popular gaming platform over child safety concerns.
A federal system is working to crack down on trucks skirting safety regulations, a problem inspectors are seeing on Colorado roadways.
Glendale city leaders are forcefully opposing Colorado's proposed Bus Rapid Transit project on Colorado Boulevard, warning the plan could dramatically worsen traffic for drivers while delivering only modest transit gains.
A jury in Douglas County awarded a New Jersey man $24 million after he sued a Parker police detective for malicious prosecution and false arrest.
A Denver County Court judge on Friday sentenced a vocal police critic to 60 days in jail and two years of probation, saying he needed to send a message that would deter her and her YouTube followers from future doxing of law enforcement.
City-funded contractors have been moving through Denver neighborhoods, replacing sections of sidewalks, frustrating some homeowners. The work was part of a broader program aimed at making city sidewalks more usable and accessible.