Trump mounts new effort to fire Fed's Lisa Cook after Supreme Court ruling
The White House has informed Lisa Cook, a member of the Federal Reserve Board of Governors, that President Trump is considering firing her.
Watch CBS News
The White House has informed Lisa Cook, a member of the Federal Reserve Board of Governors, that President Trump is considering firing her.
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.
The Supreme Court handed down split decisions today when it comes to President Trump's power to fire people, but refused to overturn the verdict in E. Jean Carroll's multi-million-dollar verdict against him.
A new report says nearly half of Minnesota hospitality and tourism businesses surveyed are seeing fewer customers and less income as the state heads into its most profitable season.
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.
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
President Trump’s pick is raising some eyebrows, so St. Thomas economics professor Tyler Schipper shares how economists are reacting.
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 is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Lisa Cook sued the Trump administration to block her firing, the first time a president has sought to remove a member of the seven-person board of governors.
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.
President Trump says he has removed Federal Reserve Governor Lisa Cook from the Fed's Board of Governors and accused Cook of committing mortgage fraud.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
The Federal Reserve is expected to hold its benchmark rate steady at its May 7 meeting. CBS News financial analyst Jill Schlesinger talks more about how those rates affect borrowers versus savers.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
CBS News business analyst Jill Schlesinger previews the meeting.
Ty France homered and drove in three runs and Randy Vásquez and two relievers combined on a two-hitter as the San Diego Padres beat the Minnesota Twins 6-2 in the opener of a three-game series between teams fighting for wild-card berths.
Olivia Miles scored 24 points, Natasha Howard added 21 points on 10-of-12 shooting and the Minnesota Lynx beat the Washington Mystics 94-84 on Friday night for their sixth straight win.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
Advocates say a copper-nickel mine near the Boundary Waters in northern Minnesota is the type of diversification needed to keep the industry alive in the region. Concerned neighbors worry that it could compromise the watershed and tarnish the wilderness area. Beyond environmental concerns, some wonder if a copper-nickel mine in the area makes sense.
Minneapolis leaders are trying to figure out what role data centers play in the city's future. Mayor Jacob Frey says he wants to harness the economic benefit without the environmental cost.
Minneapolis leaders are trying to figure out what role data centers play in the city's future. Mayor Jacob Frey says he wants to harness the economic benefit without the environmental cost.
Police in Minneapolis are investigating after at least 87 vehicles were damaged across several areas of the city in nine separate incidents early Friday.
Police in Minneapolis are trying to set the record straight after five people found dead in six days have fueled online speculation about an outside actor. As of Friday, authorities and families of three of the victims have shared publicly that their deaths came as a result of battles with mental health.
A St. Paul, Minnesota, restaurant that was burglarized last weekend is now closed, its owner said on social media Friday, though he added it "has nothing to do with the recent burglary."
Officials in north Minneapolis are investigating after a man was found dead amid a garage blaze early Friday, according to the city's fire department.
Advocates say a copper-nickel mine near the Boundary Waters in northern Minnesota is the type of diversification needed to keep the industry alive in the region. Concerned neighbors worry that it could compromise the watershed and tarnish the wilderness area. Beyond environmental concerns, some wonder if a copper-nickel mine in the area makes sense.
A Minnesota hemp farmer won't let a looming federal ban cut down his efforts to create family fun.
A motorcyclist was killed in northern Minnesota Thursday afternoon when a semi truck ran him over during a crash, according to the Minnesota State Patrol.
Gov. Tim Walz's move to ban mining near the Boundary Waters highlights a long-standing debate: Can a copper-nickel mine operate in a northern Minnesota watershed without tarnishing the world-class Boundary Waters? The answer depends on who you ask.
Michelle Brant suffered a cardiac arrest while at her home in Zimmerman, Minnesota, back in March. In the United States, survival rates for out-of-hospital cardiac arrest are less than 12%.
Dozens of cases of E. coli and salmonella in multiple states are linked to an alfalfa grower in Minnesota, health officials say.
The Franklin County Coroner's Office says Jack Pugh died March 30 from acute bronchopneumonia caused by cardiomyopathy, a disease that weakens the heart's ability to pump blood.
The crash happened at approximately 7:12 a.m. on westbound I-94 at milepost 13 in St. Croix County near Roberts, Wisconsin, according to the State Patrol.
Wisconsin residents headed to the polls Tuesday — or voted early — to have their say in the 2026 primary. Here are live results.
Progressive candidates for governor in Wisconsin and U.S. Senate in Minnesota are making their final pushes ahead of Tuesday's election.
Crews in St. Paul, Minnesota, are clearing out the city's largest encampment on Wednesday.
After officials in Minnesota's capital city announced they would shut down encampments for those experiencing homelessness, the City Council approved more than $1 million to expand capacity at local shelters.
The city of St. Paul, Minnesota, is taking a stand and closing encampments amid growing concerns.
Baseball fans might remember the Metrodome's iconic blue seats, and now in Atwater, Minnesota, spectators can once again grab a blue seat and watch a game.
Tucked away in the Midway neighborhood in St. Paul is a community treasure many have come to love and respect.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
The Pentagon has given separation notices to both the publisher and the editor-in-chief of Stars and Stripes, according to people familiar with the matter.
Chief Justice John Roberts issued a stay that will remain in place until the Supreme Court takes further action.
An unexpected reunion with one of the president's friends turned foes is gaining attention.
Democrat Jake Johnson, a high school math teacher, is running a competitive race against Republican Rep. Brad Finstad, prompting analysts to downgrade Finstad's reelection outlook.
An outbreak of E. coli and salmonella is linked to an alfalfa grower in Minnesota, health officials say. WCCO speaks with a food safety expert about the risks associated with alfalfa sprouts.
Dozens of cases of E. coli and salmonella in multiple states are linked to an alfalfa grower in Minnesota, health officials say.
Twin Metals says a copper-nickel mine near the Boundary Waters would bring hundreds of union jobs and 1,400 additional positions. Still, opponents say the environmental risks to the watershed are not worth the trade-offs.
Minnesota Attorney General Keith Ellison released nearly 700 documents Wednesday in his office's investigation into Fleet Farm, alleging the company "ignored an internal warning" about selling firearms to a "straw buyer."
Target is reporting its second straight quarter of comparable sales gains, saying a merchandising overhaul under the discount retailer's new CEO was attracting more customers.
Police in Minneapolis are investigating after at least 87 vehicles were damaged across several areas of the city in nine separate incidents early Friday.
Marquez Hill Turnipseed, 24, pleaded guilty to second-degree murder in May. He told investigators he went to the park to help fellow gang members in attacking an opposing gang on the evening of June 1, 2025.
A 34-year-old man is accused of playing shadow puppets with the grapple of a boom and crushing his coworker's head as they were trimming trees in Apple Valley, Minnesota, on Thursday evening.
Jurors heard Duane "Keffe D" Davis tell detectives his nephew Orlando "Baby Lane" Anderson fired the shots that killed Tupac Shakur.
A 25-year-old New Brighton, Minnesota, man is accused of shooting at a deputy and his canine partner while chasing a minivan down a Maplewood road.
Could you have a life-saving kidney? A Minnesota woman with end-stage renal disease says she needs one.
An outbreak of E. coli and salmonella is linked to an alfalfa grower in Minnesota, health officials say. WCCO speaks with a food safety expert about the risks associated with alfalfa sprouts.
Friday marks the fifth annual National Fentanyl Prevention and Awareness Day, which has the goal of raising awareness about a drug epidemic that costs tens of thousands of lives a year.
Dozens of cases of E. coli and salmonella in multiple states are linked to an alfalfa grower in Minnesota, health officials say.
Maybe you've experienced the "Sunday scaries" which is when you worry about the looming work week or wish you could have accomplished more over the weekend. The "August blues" create similar feelings, one being regret.
Hairball, an '80s rock 'n' roll tribute band, will replace the Rod Stewart show at the Minnesota State Fair Grandstand that was slated for Sept. 1.
The Renaissance Festival, county fairs, Picklefest and Potato Days — there's plenty to do this weekend in Minnesota.
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
Co-stars and friends of Hayden Panettiere are remembering her for her friendship, intelligence and talent after her shocking death on Sunday.
Ty France homered and drove in three runs and Randy Vásquez and two relievers combined on a two-hitter as the San Diego Padres beat the Minnesota Twins 6-2 in the opener of a three-game series between teams fighting for wild-card berths.
Olivia Miles scored 24 points, Natasha Howard added 21 points on 10-of-12 shooting and the Minnesota Lynx beat the Washington Mystics 94-84 on Friday night for their sixth straight win.
Marc Lore is selling the majority of his stake in the Minnesota Timberwolves and Lynx, ESPN reports, giving the franchises a new controlling owner.
Minnesota Vikings wide receivers have had an eventful week with the Baltimore Ravens visiting for joint practices.
The Franklin County Coroner's Office says Jack Pugh died March 30 from acute bronchopneumonia caused by cardiomyopathy, a disease that weakens the heart's ability to pump blood.
Democrat Jake Johnson, a high school math teacher, is running a competitive race against Republican Rep. Brad Finstad, prompting analysts to downgrade Finstad's reelection outlook.
In the aftermath of the primary, Republicans in Minnesota are more optimistic about their November chances than they ever have been.
In the aftermath of the primary, Republicans in Minnesota are more optimistic about their November chances than they ever have been.
The candidates for the Minnesota general election are all set, and the campaigns are shifting into a higher gear.
The Minnesota primary is Tuesday, with the final barrage of political ads in overdrive and candidates making their final pitches.
For five generations, one family has run the Taylors Falls Scenic Boat Tours along the St. Croix River.
Keith Richardson is a home brewer and beer memorabilia collector. His collection got so big that, two years ago, he moved everything into an old toy store near downtown Lanesboro and opened the Hammarama Museum and Gift Shop.
Passing trains and scenic bluffs are a big part of Buffalo County, Wisconsin, but in the middle of it all is a garden where creativity and flowers grow together, all courtesy of a man named Herman Rusch.
Thousands of pictures of Split Rock Lighthouse are taken each year. And oftentimes a little island appears in those photos. Ellingsen Island has developed a following of its own.
There's a scenic, nearly century-old spot in St. Cloud, Minnesota, where right now you'll find thousands of flowers in bloom.
Maybe you've experienced the "Sunday scaries" which is when you worry about the looming work week or wish you could have accomplished more over the weekend. The "August blues" create similar feelings, one being regret.
As if the constant barrage of political ads wasn't enough, some WCCO viewers are particularly bothered by the language candidates are using.
There's a certain elegance to the common loon. Its black and white plumage carries a gentle sheen of green as though dressed for a formal affair. Subtle colors that allow its piercing red eyes to steal your gaze.
Parents will be digging deeper into their wallets this back-to-school season.
Minnesotans have become quite familiar with drought in recent years. Not only how it affects the water supply, but also the rules that can come with it.
The Minnesota State Fair has unveiled its new foods for 2026.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
Get ready for a #Top10Weather weekend with lots of sunshine and pleasant temperatures. Meteorologist Adam Del Rosso lets us know how long until the next chance for rain arrives.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
Saturday will be a #Top10WxDay with sunny conditions and a high temperature of around 80 degrees in the Twin Cities, NEXT Weather meteorologist Lisa Meadows says.
Between Minnesota's third longest heatwave on record and the first 100-degree day in four years, it's safe to say this summer has been a scorcher. If you're hoping for a big cooldown come fall, the odds aren't in your favor.
A few storms will pass through areas north of the Twin Cities on Friday evening, NEXT Weather meteorologist Lisa Meadows says.
The Summer Lakes Boat House is opening a brand new building and will have tasty treats and delicious drinks this year at the State Fair.
A chance to celebrate Minnesota's agriculture has returned to Minnesota's arboretum.
Reg Chapman gives updates on the news of the day.
Get ready for a #Top10Weather weekend with lots of sunshine and pleasant temperatures. Meteorologist Adam Del Rosso lets us know how long until the next chance for rain arrives.
Saturday will be a #Top10WxDay with sunny conditions and a high temperature of around 80 degrees in the Twin Cities, NEXT Weather meteorologist Lisa Meadows says.