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.
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.
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.
On Friday, the Small Business Administration announced it will offer low-interest federal disaster loans to Colorado small businesses and private nonprofits negatively affected by drought.
A group in Northern Colorado is planning to open a free market with food, clothing and household goods to help community members in need.
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
The state announced Thursday the completion of a nearly year-long effort to extinguish a burning pile of century-old coal mining debris near Florence.
Aurora police are investigating after they say a 9-year-old boy was driving a stolen vehicle and crashed on Saturday afternoon.
On Friday, the Small Business Administration announced it will offer low-interest federal disaster loans to Colorado small businesses and private nonprofits negatively affected by drought.
A group in Northern Colorado is planning to open a free market with food, clothing and household goods to help community members in need.
The state announced Thursday the completion of a nearly year-long effort to extinguish a burning pile of century-old coal mining debris near Florence.
Aurora police are investigating after they say a 9-year-old boy was driving a stolen vehicle and crashed on Saturday afternoon.
On Saturday, alumni of South High School in Denver came out to the school to learn a little more about their alma mater on its 100 year anniversary celebration.
Joe Ruch is tracking fire weather in Denver, two storms across Colorado later in the week.
More than 2,000 Republicans gathered in Pueblo on Saturday to hear from candidates in statewide races.
The Rocky Mountain Record Show is holding its 10th and final show this year.
It's a Denver tradition that draws crowds every year with the promise of giving visitors the experience of something new. CBS Colorado stopped by the Travel and Adventure show to find out what to expect this year.
On Saturday, the first of several town halls was held to give leaders the chance to hear from the community and share information about the upcoming Front Range passenger rail.
On Friday morning, the Colorado Rockies confirmed they have sold 40% of the team's ownership to the Penner Family, the same family that owns a majority stake in the Denver Broncos.
The Penner Sports Group, part of the ownership of the Denver Broncos, has purchased a minority stake in the Colorado Rockies.
Denver Pioneers beat Michigan 4-3 in the second overtime Thursday night and advance for a chance to win their third national title in five years.
The NFL is being investigated for practices that allegedly harm consumers for licensing games to multiple platforms — paid streaming platforms, paid cable networks, and others, sources said.
This is Michigan's second NCAA title in school history, and the win ends a 26-year national championship drought for the Big Ten.
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
The destroyers were beginning mine-clearing operations in the vital waterway, U.S. Central Command said Saturday.
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
Transportation Secretary Sean Duffy pointed out that gamers "have many of the hard skills it takes to be a successful controller."
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
Two U.S. congressman representing Colorado have found a way to transcend current division, distrust and dysfunction.
A progressive activist has filed a lawsuit in Denver District Court against two democratic state lawmakers who attended an expensive retreat with lobbyists.
Transportation Secretary Sean Duffy pointed out that gamers "have many of the hard skills it takes to be a successful controller."
Colorado is losing businesses and jobs at an alarming rate. Now, the ones who've stuck around are calling on state leaders to make changes before things get even worse.
White House aides got an email last month telling them not to place bets on prediction markets with nonpublic information, multiple administration officials told CBS News.
The technology the Colorado father developed, called Delivery Date AI, analyzes standard ultrasound images to estimate when a baby is likely to arrive, rather than relying solely on a traditional due date based on a 40‑week pregnancy.
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
Behind some of the viral physiques lies a troubling trend: the use of a powerful drug never approved for humans.
The Environmental Protection Agency also added microplastics to its contaminant candidate list for the first time.
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
The technology the Colorado father developed, called Delivery Date AI, analyzes standard ultrasound images to estimate when a baby is likely to arrive, rather than relying solely on a traditional due date based on a 40‑week pregnancy.
Colorado is losing businesses and jobs at an alarming rate. Now, the ones who've stuck around are calling on state leaders to make changes before things get even worse.
Few ships passed through the waterway Wednesday and Thursday despite a ceasefire agreement that was supposed to open the waterway key to transiting oil across the globe.
The average U.S. property tax bill rose 3.7% last year to $4,427, outpacing inflation even as the typical home lost value.
A single malfunctioning piece of new equipment triggered a recent, sweeping power outage at Denver International Airport — an incident that stranded passengers in elevators and delayed nearly 500 flights.
Anticipating a challenging summer wildfire season, forecasters with Colorado's Division of Fire Prevention and Control are preparing to rely heavily on a pair of state-owned aircraft-both to detect fires early and to assist in fighting them once they ignite.
CBS Colorado is investigating a trucking company involved in a crash at a gas station in the southern part of the Denver metro area last month.
A Denver jury has found activist Regan Benson, a frequent critic of police, guilty of "doxing" a Denver police commander during a livestream last September, in what appears to be the first conviction under Colorado's anti-doxing law.
Fire chiefs in two departments northwest of Denver, Westminster and Arvada, say gaps in emergency dispatch technology between neighboring departments can slow response times and, in some cases, limit how quickly help arrives.