A quandary for the Fed: Dealing with hot inflation and cool job growth
A sudden slump in hiring has dramatically changed the outlook for the Federal Reserve's September interest rate decision.
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A sudden slump in hiring has dramatically changed the outlook for the Federal Reserve's September interest rate decision.
Fed officials are leaving their benchmark rate unchanged for a fifth straight meeting, a sign they expect inflation to ease.
The central bank is widely expected to stand pat on Wednesday, but persistent inflation concerns are reshaping expectations for the rest of 2026.
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
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.
The Jewish Community Center in Denver is working to help families in need by providing gently used baby items and essential supplies.
On Sunday, storms brought dangerous flash flooding to the area around the Aspen Acres burn scar.
Flooding from thunderstorms hit the Expo Park neighborhood in Aurora hard on Saturday evening, affecting nearby schools, parking structures and homes.
The Cherry Creek School District is temporarily closing an elementary school and a high school in Aurora due to flooding that took place over the weekend.
Following a day-long manhunt, authorities have taken a suspect into custody who they believe is responsible for a fatal stabbing in the northern Denver metro area.
The Jewish Community Center in Denver is working to help families in need by providing gently used baby items and essential supplies.
On Sunday, storms brought dangerous flash flooding to the area around the Aspen Acres burn scar.
Flooding from thunderstorms hit the Expo Park neighborhood in Aurora hard on Saturday evening, affecting nearby schools, parking structures and homes.
The Cherry Creek School District is temporarily closing an elementary school and a high school in Aurora due to flooding that took place over the weekend.
Following a day-long manhunt, authorities have taken a suspect into custody who they believe is responsible for a fatal stabbing in the northern Denver metro area.
Johnson came to Colorado to fundraise for Evans in his reelection bid. See Political Reporter Shaun Boyd's interview with Johnson and Evans.
Human-bear conflicts have been on the rise, and a new law is giving wildlife officials stronger tools to protect the public and the animals. As the drought drives more bears into neighborhoods, Colorado Parks and Wildlife is warning that residents caught feeding them will face steep fines.
On Sunday, storms brought dangerous flash flooding to the area around the Aspen Acres burn scar. According to the Pueblo County Sheriff's Office, a Beulah man was swept away in fast-moving flood waters on Sunday afternoon.
The Jewish Community Center in Denver is working to help families in need by providing gently used baby items and essential supplies. Sunday marked the grand opening of the center's Baby Closet, which offers resources such as diapers, wipes, newborn clothing, baby gear and postpartum supplies.
Earlier this week, city officials in Golden, Colorado, fired the city manager and fire chief as investigations continue into a reported racist incident at a local fire station. Now, former Fire Chief Kasey Beal is pushing back against the city's decision.
One of Tommy John's biggest legacies to MLB was his comeback elbow reconstruction surgery that now bears his name.
Wednesday's meeting was the third community meeting for the La Alma Lincoln Park community since the Denver Broncos' leadership announced their plans to build the new Broncos stadium in the former railyard.
Westbrook played for Oklahoma City, Houston, Washington, both Los Angeles teams, Denver and Sacramento during his 18-year-career.
The Denver Broncos CEO said he hopes to open the new stadium at Burnham Yard in time for the 2031 NFL season- just five years from now.
As the baseball world watched last weekend while women took the field in a female professional league for the first time in decades, teen baseball players across Colorado saw a future.
One of Tommy John's biggest legacies to MLB was his comeback elbow reconstruction surgery that now bears his name.
Five people were injured in the shooting involving multiple suspects. One person is currently listed in critical condition, the university said.
With magnitudes of 7.7 and 6.4, two earthquakes struck different parts of Indonesia on the same day. Authorities have since recorded at least 995 aftershocks.
An air traffic controller's quick thinking helped avert a dangerous situation when two jets, one landing in Phoenix and the other simultaneously taking off, shared the same flight number and radio frequency.
The U.S. Army said Friday it is temporarily halting Apache helicopter training flights after two soldiers were killed earlier this week in a crash near Fort Hood, Texas.
Americans think more young people in office would make politics better.
Speaker of the U.S. House Mike Johnson was in Colorado fundraising for two Republican congressmen: Rep. Gabe Evans of the state's 8th Congressional District and Rep. Jeff Crank of the 5th Congressional District.
The U.S. Army said Friday it is temporarily halting Apache helicopter training flights after two soldiers were killed earlier this week in a crash near Fort Hood, Texas.
The records involve consulting work, paid for with $25,000 in public funds, and CBS Colorado learned that the report may have been destroyed.
The Justice Department issued a legal opinion giving the U.S. military broader powers to detain migrants near certain areas along the southern border.
Colorado doctors will still be recommending the long-standing American Academy of Pediatrics immunization schedule.
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
Hospitals and other medical providers are increasingly asking for payment before providing care, collecting more of what patients might owe.
The Social Security Administration is expanding its list of diseases and other health conditions that may qualify for accelerated approval of disability benefits.
The FDA has long fallen short of legally required inspection targets, and foreign inspections fell further last year amid agency layoffs.
Americans think more young people in office would make politics better.
The 14oz soup kits were distributed at Walmart stores in 29 states between June 30 and July 7, according to the FDA.
Nearly half of renters spend more than 30% of their income on housing. Here's what it costs to rent a two-bedroom home in 50 U.S. cities.
A Cargill employee said she and others are concerned about the future of contract negotiations, and many believe they are stuck in the middle between the company and the union.
For decades, free street parking has been part of the experience in Fort Collins' Old Town shopping district. However, street parking was being considered for a new paid model. But this week, city leaders decided to pump the brakes.
Colorado's wildfire fight is increasingly beginning from the air -- sometimes before a fire is even visible to the naked eye.
Some Coloradans who signed over their state tax credit for a free e-bike finally got their delivery.
U.S. Homeland Security Secretary Markwayne Mullin visited Colorado's Supermax prison, the U.S. Olympic & Paralympic Training Center and Immigration and Customs Enforcement offices in southern Colorado before holding a private meeting with U.S. Rep. Gabe Evans and Hispanic faith leaders.
An accident that sent two passengers tumbling from a chairlift at Vail was caused by components that were improperly installed when the lift was built nearly two decades ago, according to a state investigation.
For the first time, court photos show the inside of a Commerce City home where authorities found three children, 31 dogs, two cats and two guinea pigs living last fall.