Who is Kevin Warsh, new chair of the Federal Reserve?
President Trump’s pick is raising some eyebrows, so St. Thomas economics professor Tyler Schipper shares how economists are reacting.
Watch CBS News
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.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
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.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The federal funds rate currently stands at a 5.25% to 5.50% range — the highest in more than 20 years — and there are expectations that the Fed will reduce the rate by 25 basis points.
Expected Federal Reserve rate cuts this week could mean relief for consumers.
Another person has been charged in connection with Minnesota's Feeding Our Future fraud scheme, the 79th such case, according to court documents.
Over the past year, the number of assistant U.S. attorneys in Minnesota has fallen from more than 40 prosecutors before President Trump retook office to fewer than two dozen. Because of the turmoil, 12-time convicted felon Cory Allen McKay caught a break.
A federal judge will hear arguments Thursday on whether he should extend an order that protects Minnesota refugees who are lawfully in the U.S. from being arrested and deported.
Minnesotans got a brief taste of spring over the weekend, but the relief didn't last long, as a snowstorm pummeled parts of the Twin Cities and northern Minnesota on Wednesday afternoon.
One of the best views in Minnesota is at the top of a Bloomington hill. But 15-year-old Jacob Larson isn't here for the scenery. He's here for the jump.
Another person has been charged in connection with Minnesota's Feeding Our Future fraud scheme, the 79th such case, according to court documents.
Minnesotans got a brief taste of spring over the weekend, but the relief didn't last long, as a snowstorm pummeled parts of the Twin Cities and northern Minnesota on Wednesday afternoon.
One of the best views in Minnesota is at the top of a Bloomington hill. But 15-year-old Jacob Larson isn't here for the scenery. He's here for the jump.
The Minnesota Legislature quickly began discussing proposals in response to the federal immigration crackdown in the state on Wednesday when lawmakers began their work in earnest after pausing to honor the late Rep. Melissa Hortman on day one.
Hundreds of protesters packed into the Minnesota Capitol rotunda on Wednesday, the second day of the legislative session, to demand accountability and action, saying state leaders did not do enough during Operation Metro Surge.
Minnesotans got a brief taste of spring over the weekend, but the relief didn't last long, as a snowstorm pummeled parts of the Twin Cities and northern Minnesota on Wednesday afternoon.
The Minnesota Legislature quickly began discussing proposals in response to the federal immigration crackdown in the state on Wednesday when lawmakers began their work in earnest after pausing to honor the late Rep. Melissa Hortman on day one.
Hundreds of protesters packed into the Minnesota Capitol rotunda on Wednesday, the second day of the legislative session, to demand accountability and action, saying state leaders did not do enough during Operation Metro Surge.
Environmental advocates are sounding the alarm as a proposal to overturn a mining ban near the Boundary Waters Canoe Area Wilderness in northern Minnesota steps closer to reality.
Footage is now public of the deadly Feb. 10 encounter in Duluth, Minnesota, between deputies and a homicide suspect.
Three people are dead after a house fire in a small western Wisconsin town early Saturday.
John Lauritsen shares the story behind a massive snow sculpture that's now become a winter destination.
A jury has found a Wisconsin man guilty of forging threats against President Donald Trump in an attempt to get a witness against him deported.
Minnesota and Wisconsin are among the 11 states reporting their first measles cases of 2026.
Hundreds of schools in Minnesota and Wisconsin have closed or shifted to virtual learning on Friday amid dangerous cold.
Tuesday afternoon, more than 20 people gathered on the Highway 62 bridge between Minneapolis and Richfield after a small protest sparked a confrontation there last week.
Karmel Mall has been mostly silent, with shops closed at the building on East Lake Street. Operation Metro Surge has caused many Somalis to stay home.
The ongoing presence of ICE and federal law enforcement in the Minneapolis area has kept many immigrants at home for fear of being arrested. Now, their neighbors are crowdsourcing to cover their rent.
U.S. Immigration and Customs Enforcement operations aren't only happening in the Twin Cities. Federal agents are also working in smaller towns, and in some, seeing similar resistance from the community.
While Operation Metro Surge continues in the Twin Cities, Minnesota's farm country is also feeling the impact. The major concerns for farmers and the trickle-down effect it could have on consumers.
Over the past year, the number of assistant U.S. attorneys in Minnesota has fallen from more than 40 prosecutors before President Trump retook office to fewer than two dozen. Because of the turmoil, 12-time convicted felon Cory Allen McKay caught a break.
A federal judge will hear arguments Thursday on whether he should extend an order that protects Minnesota refugees who are lawfully in the U.S. from being arrested and deported.
The Trump administration has given ICE the authority to detain refugees who entered the U.S. lawfully but don't have green cards yet, part of a bid to scrutinize the legal immigration system, according to a government memo obtained by CBS News.
A Minnesota federal judge ordered a government attorney to be held in civil contempt of court, further escalating tension between the judiciary and Trump administration over immigration cases.
Hundreds of protesters packed into the Minnesota Capitol rotunda on Wednesday, the second day of the legislative session, to demand accountability and action, saying state leaders did not do enough during Operation Metro Surge.
On Friday morning, workers held a press conference to reflect on how the Immigration and Customs Enforcement surge has impacted the food industry.
January is typically a slow month at Frontiersman Sports, but employees at the St. Louis Park, Minnesota, gun shop said sales spiked 30% above normal for the month.
Amid ongoing immigration operations in Minnesota, a local company is filling a desperate need for on-demand legal help.
Outside the governor's mansion in St. Paul, Minnesota, on Friday, demonstrators, including many students and teachers, pleaded for Gov. Tim Walz to enact an immediate eviction moratorium to help families impacted by the U.S. Immigration and Customs Enforcement surge.
It's part of broader protests calling on the Minneapolis-based retailer to respond more directly to immigration enforcement.
Another person has been charged in connection with Minnesota's Feeding Our Future fraud scheme, the 79th such case, according to court documents.
Over the past year, the number of assistant U.S. attorneys in Minnesota has fallen from more than 40 prosecutors before President Trump retook office to fewer than two dozen. Because of the turmoil, 12-time convicted felon Cory Allen McKay caught a break.
A federal judge will hear arguments Thursday on whether he should extend an order that protects Minnesota refugees who are lawfully in the U.S. from being arrested and deported.
A former Minnesota corrections officer is facing deportation and criminal charges that accuse him of more than a decade of citizenship deception.
Minneapolis police say a 51-year-old woman is in custody for stabbing a man overnight Wednesday near downtown.
It's a place that sees patients in the worst of times. And now, Hennepin Healthcare in downtown Minneapolis is in the worst of ways.
From the flu to the common cold, viruses keep knocking out Minnesotans this winter. A physician with Hennepin Healthcare breaks down how long an individual may be contagious after they start to feel better.
North Minneapolis resident Kate Varns is a bonafide Ironman, meaning she's finished the toughest of toughest triathlons. But after surviving a stroke several years ago, that accomplishment paled in comparison to what laid ahead.
Dr. Michael Osterholm and Dr. Emil Lou, faculty members with the University of Minnesota, have been recognized by TIME as two of the 100 most influential people in health in 2026.
Minnesota is in the midst of what state health officials call the nation's "largest known outbreak" of TMVII, a sexually transmitted fungal skin infection that can cause severe ringworm.
The EP, released on Ash Wednesday and called "Days of Ash" is "of the moment we wish we weren't in . . . but are," Bono said.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
Anderson Cooper will report multiple stories for "60 Minutes" before the end of the television season in May.
Springsteen's Land Of Hope And Dreams tour will start March 31 at Target Center. Tickets will go on sale Friday at noon.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
One of the best views in Minnesota is at the top of a Bloomington hill. But 15-year-old Jacob Larson isn't here for the scenery. He's here for the jump.
Northern Iowa football player Parker Sutherland has died two days after collapsing during an offseason workout.
Isaac Asuma scored 15 points and Grayson Grove scored 13 points and Minnesota ended its five-game Big Ten Conference road losing streak by beating Oregon 61-44.
The Minnesota Timberwolves finalized their cost-cutting move with Mike Conley by signing the veteran guard two weeks after trading him away.
A nearly perfect regular season record for the Breck Mustangs this girls hockey season (25-1-1) earned them the No. 2 seed in Class A of the girls state hockey tournament starting on Wednesday.
Hennepin County Attorney Mary Moriarty will send a letter this week, demanding DHS and DOJ turn over evidence in the shooting death of Alex Pretti.
Hennepin County Attorney Mary Moriarty says she will be sending a letter this week to the U.S. Department of Homeland Security and the Department of Justice to demand they turn over evidence in the Jan. 24 killing of Alex Pretti by immigration officers in south Minneapolis.
Last month, activist Nekima Levy Armstrong was arrested following a protest at a Minnesota church. In Talking Points, she shares why she felt it was important to protest, her arrest and White House's digitally altered photo of her arrest.
Last month, activist Nekima Levy Armstrong was arrested following a protest at a Minnesota church. In Talking Points, she shares why she felt it was important to protest, her arrest and White House's digitally altered photo of her arrest.
Last month, activist and former Twin Cities NAACP president Nekima Levy Armstrong was arrested following a protest at a Minnesota church where the leader of a local Immigration and Customs Enforcement field office serves as a pastor. In Talking Points, Esme Murphy sits down with Armstrong to discuss the protest, her arrest, and her reaction to what she calls a “diabolical” attempt to degrade her image.
One of the best views in Minnesota is at the top of a Bloomington hill. But 15-year-old Jacob Larson isn't here for the scenery. He's here for the jump.
Pine trees are a common sight up north. But on a Carlton, Minnesota, road, they're joined by giant lollipops. They serve as the welcoming committee for Sweetly Kismet, one of the largest candy stores in the state.
John Lauritsen shares the story behind a massive snow sculpture that's now become a winter destination.
Northland Arboretum was built half a century ago on top of what was once a city dump. But over time, nature carved its own path with a little help from a Zamboni.
St. James is a smaller town with a main street and a railroad running though. But inside a local building, the main street and the railroad are even smaller.
On the first day of the Minnesota Legislature, artificial intelligence is giving visitors and lawmakers at the State Capitol a new sense of security.
From the flu to the common cold, viruses keep knocking out Minnesotans this winter. A physician with Hennepin Healthcare breaks down how long an individual may be contagious after they start to feel better.
White House border czar Tom Homan, without offering further explanation, claimed the federal immigration operation in Minnesota uncovered thousands of missing children in the state, but it's likely related to a much larger number the administration has been touting for a few years.
As our weather warms, love is also in the air. Valentine's Day is this Saturday, and while we know many of the traditions, Jeff Wagner wanted to get to the heart of the holiday.
The monthslong Immigration and Customs Enforcement surge in Minnesota has sparked ongoing protests, some measured tens of thousands of demonstrators, others just a few dozen.
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.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
High pressure is back thru the weekend, however it remains mostly cloudy, breezy and colder, WCCO meteorologist Joseph Dames reports.
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.
Minnesotans got a brief taste of spring over the weekend, but the relief didn't last long, as a snowstorm pummeled parts of the Twin Cities and northern Minnesota on Wednesday afternoon.
Light snow will linger early before tapering off.
Wednesday's storm in Minnesota continues to exit to the north Thursday, taking the snow with it.
The St. Paul City Council voted 6–0 to pass an ordinance requiring all law enforcement officers conducting operations in the city to do so without a mask or facial covering.
High pressure is back thru the weekend, however it remains mostly cloudy, breezy and colder, WCCO meteorologist Joseph Dames reports.
The Ice Castles work with artists from around the world to create a winter wonderland at the Minnesota State Fairgrounds.
Light snow will linger early before tapering off.
State lawmakers have a couple of big issues on the agenda at the State Capitol, plus more of the day’s top stories.