First inflation report under new Fed chief shows prices still rising
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
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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.
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.
Boulder's Jewish Festival is a celebration of culture, heritage and religion. But this year, it also served to honor those injured and killed in a firebombing attack at Pearl Street Mall last year.
Colorado's low snowpack and prolonged drought conditions prompted Gov. Jared Polis to declare a statewide drought emergency on Thursday.
The Rowe family dog Ralph was one of many canines with dementia who participated in a study of rapamycin. Scientists were able to gain new insight into the drug's potential as a treatment by studying his brain.
The Dog Aging Project is working to help dogs live longer, healthier lives. The research results may help humans age well, too.
A man was arrested Saturday after the Boulder County Sheriff's Office says he threatened a couple during a road rage incident, inciting them to fire a gun at him in self-defense.
Boulder's Jewish Festival is a celebration of culture, heritage and religion. But this year, it also served to honor those injured and killed in a firebombing attack at Pearl Street Mall last year.
Colorado's low snowpack and prolonged drought conditions prompted Gov. Jared Polis to declare a statewide drought emergency on Thursday.
A man was arrested Saturday after the Boulder County Sheriff's Office says he threatened a couple during a road rage incident, inciting them to fire a gun at him in self-defense.
RTD is making changes to its rail service in Denver starting Sunday as the Downtown Rail Reconstruction Project begins.
Fresh off the conclusion of the 79th Annual Tony Awards, many of the productions recognized on Broadway are expected to make their way to Denver.
Colorado's low snowpack and prolonged drought conditions prompted Gov. Jared Polis to declare a statewide drought emergency on Thursday.
A conference highlighting the next generation of artificial intelligence is taking place in Denver this weekend. The Conference on Computer Vision and Pattern Recognition looks at different forms of AI and its possible uses.
Over 200 artists are turning the pavement into art this weekend at Denver's Golden Triangle Creative District. A mosaic at Denver's Chalk Art Festival is celebrating Colorado's 150th anniversary.
RTD is making changes to its rail service in Denver as the Downtown Loop Project enters its next phase.
Community members are holding a healing circle at the Montbello Recreation Center ahead of its reopening. The center has been closed since a fatal shooting in front of the center on May 21.
Since the end of its final racing season, Colorado's historic Bandimere Speedway has been slowly dismantling as it prepares to open a new racetrack in Hudson. Now, demolition has begun on one of its most iconic buildings.
Ned Jarrett was inducted into the NASCAR Hall of Fame in 2011 after 50 career wins on the sport's top circuit.
Denver Broncos outside linebacker Jonathon Cooper has been arrested and accused of domestic violence.
Russell Wilson announced in a video on social media that he's retiring from the NFL after 14 seasons.
With voter support, a passenger rail stop at Burnham Yard could become part of the future Denver Broncos stadium development.
With the unemployment rate for young workers about twice as high as the national average, "Sunday Morning" talks with recent graduates from across the country about how AI is affecting both their prospects and the hiring process itself.
Hegseth's speech echoed broader Trump administration rhetoric over border security and migration in Europe.
James Higginbotham was found dead in a mountainous area outside Kyoto by a volunteer search-and-rescue group, his mother said.
Ned Jarrett was inducted into the NASCAR Hall of Fame in 2011 after 50 career wins on the sport's top circuit.
Anthony Head played librarian and mentor Rupert Giles in "Buffy the Vampire Slayer" and recently appeared in "Ted Lasso."
Colorado now has its first law restricting how AI chatbots can interact with kids.
CBS Colorado hosted two of the three candidates running for governor in a debate as the Colorado primary draws near.
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
Colorado residents can now legally prepare and sell a wider range of homemade foods under a new law signed by Gov. Jared Polis.
Gov. Jared Polis signed legislation inspired by the family of cyclist Magnus White that requires law enforcement officers to offer a voluntary breath test to drivers involved in crashes with serious injuries or fatalities.
Travel bans and conflict have disrupted supply chains in the Democratic Republic of Congo, leaving health workers without Ebola tests and protective gear needed to contain the outbreak.
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
The first human case of West Nile virus in Colorado this year has been reported in Jefferson County.
Come January, pregnancy care physician billing codes will change from a bundled system to an à la carte one.
While 330 Ebola infections are confirmed in central Africa and huge challenges remain, hundreds more suspected cases "have been cleared out," the WHO says.
With the unemployment rate for young workers about twice as high as the national average, "Sunday Morning" talks with recent graduates from across the country about how AI is affecting both their prospects and the hiring process itself.
A Colorado-based space technology company has secured a major NASA contract that could play a key role in future missions to the moon.
The additional payouts come from uncashed settlement funds and will be issued to eligible claimants beginning on June 9.
The labor market continues to show strength despite rising inflation and concerns about slowing economic growth.
Wildfires are top of mind for many Colorado communities and homeowners. While residents are considering mitigation efforts, a wildfire protection company, called CitroTech, has now relocated its headquarters to Greenwood Village.
Brandin Kreuzer, the man whose 50-year prison sentence for shooting a sheriff's deputy was commuted by Colorado's governor, says he is ashamed of the violence he committed as a 19-year-old.
Construction on a much-anticipated 10-acre entertainment district in Glendale has come to a halt, with the developer and the city accusing each other of being responsible for the project going off the rails.
An Aurora fire lieutenant will remain demoted after he and a fellow firefighter ran an Aurora police sergeant off the road with a fire truck last year.
A confidential investigative report commissioned by the City of Denver alleges a high-ranking Denver police division chief was "severely abusive."
The City of Denver and the parent company of the Denver Post have reached a tentative agreement to resolve a major lease dispute over the iconic downtown building that bears the newspaper's name, CBS News Colorado has learned.