Fed Chair Powell says he won't resign if Trump asks him to step down
Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.
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Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.
The personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.
Americans struggling with credit card debt hope relief will come with more expected interest rate cuts later this year. However, for many, they find themselves in a tough spot.
One day after the Federal Reserve lowered interest rates, CBS News Miami is exploring how the move can help you save money.
One day after the Federal Reserve lowered interest rates, CBS News Miami is exploring how the move can help you save money on loans, credit cards and mortgages.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Mike Pappas, CEO of the Keyes Company, said the reduction will eventually lower interest rates on consumer loans, which is good news for the housing market.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
The central bank is expected to reduce its benchmark rate on Wednesday, which stands at its highest point in 23 years.
The Federal Reserve kept its benchmark rate in a range of 5.25% to 5.5%, the same level where it's been parked since July 2023.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
The central bank has pushed pause after 11 straight interest-rate hikes. Here are steps to take with your money now.
A vintage banknote and an even older coin collectively sold for nearly $1 million at a multi-day bidding event in Dallas.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Although policymakers kept rates steady last month, some Fed officials wanted to keep raising them.
South Florida will enjoy sunny, dry weather through the weekend before arctic air arrives Tuesday, bringing cooler New Year's Eve and New Year's Day temperatures.
A neighbor dispute escalated into a fatal shooting at a Lauderhill apartment complex late Christmas night, police said.
All southbound lanes of I-95 near NW 79th Street reopened Friday morning after a truck fire caused heavy smoke and major traffic delays.
Ukrainian President Zelenskyy says he and President Trump have agreed to meet in Florida on Sunday, signaling progress in talks to end the Russia-Ukraine war.
About two dozen protesters gathered outside an immigration detention facility in Broward County on Christmas Day, holding a vigil under the slogan, "Injustice doesn't take a holiday. Neither does resistance."
South Florida will enjoy sunny, dry weather through the weekend before arctic air arrives Tuesday, bringing cooler New Year's Eve and New Year's Day temperatures.
A neighbor dispute escalated into a fatal shooting at a Lauderhill apartment complex late Christmas night, police said.
All southbound lanes of I-95 near NW 79th Street reopened Friday morning after a truck fire caused heavy smoke and major traffic delays.
About two dozen protesters gathered outside an immigration detention facility in Broward County on Christmas Day, holding a vigil under the slogan, "Injustice doesn't take a holiday. Neither does resistance."
A Miami woman is spending Christmas behind bars after allegedly breaking into an apartment complex.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The American Automobile Association said this is a dangerous time of year for young drivers.
Strikes against ISIS targets in Nigeria come after President Trump spent weeks accusing the West African country's government of failing to rein in the persecution of Christians.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
President Trump spent part of Christmas Eve bantering with kids, updating families on NORAD's Santa tracker and reminding one child that the big guy has a "serious appetite."
The Justice Department said the process of releasing the Epstein files may take "a few more weeks" due to the volume of materials.
More say they will probably talk about family or health, rather than politics, as they gather for the holidays.
Jim Defede's guest this week on Facing South Florida is James Fishback, a Republican candidate for the Florida governor's office.
Guest host Lauren Pastrana is joined by Ron Book, chairman of the Miami-Dade Homeless Trust.
Guest host Laura Pastrana talks with one of the big winners from Tuesday's runoff elections, Miami Beach Commissioner-elect Monica Matteo-Salinas.
Jim Defede goes in-depth on the second vote by the Miami Dade College Trustees to donate land for the proposed Trump Presidential Library.
Jim DeFede investigates the millions of dollars in state funding cuts for meal programs across South Florida.
If you don't feel well, particularly if you have a fever and worsening symptoms, Dr. Glazier says, skip the get-together.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
A California digital health company and a Florida medical practice have been indicted in an alleged $100 million scheme to illegally distribute Adderall over the internet to patients across the country who didn't need it, federal prosecutors said Wednesday.
Physicians and educators spoke out against the proposed repeal of vaccination requirements for diseases such as chickenpox during a Department of Health workshop in Panama City Beach, while vaccine critics applauded Gov. Ron DeSantis' administration for advancing the plan.
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
From top-rated smart mugs to cold brew starter kits, we've rounded up the coffee lover presents to gift this Christmas.
Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
For that authentic grilling experience, you can't beat a charcoal grill. We've rounded up the best grill options.
Discover the best tech gifts during the 2024 holiday season that your friends and loved ones will absolutely adore.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
King Charles III led his family to church on foot ahead of his annual Christmas Day speech that is expected to focus on pilgrimage.
Feeding America's CEO said the organization is "incredibly grateful" for Taylor Swift's large donation.
It's a heartwarming tale that captures the essence of the holiday spirit. Through a mesmerizing journey of dance, the Miami City Ballet breathes life into George Balanchine's timeless masterpiece, The Nutcracker.
The singer said an MRI showed a cancerous spot on one of his lungs after he recovered from a lengthy bout of bronchitis.