Trump nominates Kevin Warsh as next Federal Reserve Board chair
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.
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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.
CBS News Business Analyst Jill Schlesinger talks with CBS News New York's Cindy Hsu about the potential impact of the Federal Reserve's interest rate decision
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.
CBS News New York's Lisa Rozner has more on how consumers are navigating the affordability crunch this holiday season.
The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.
CBS News New York's Bradley Blackburn has more on what to expect from the Fed for the rest of the year.
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.
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.
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 visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
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%.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
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.
Ted Rossman, Bankrate Senior Industry Analyst joins CBS New York to preview what we can expect from this week's Federal Reserve meeting.
Vivian Tu, money influencer, CEO and founder of Your Rich BFF Media joins CBS New York to break down what Millennials and Gen Zers need to know about the Fed's rate cut.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
CBS News business analyst Jill Schlesinger breaks down why the federal reserve made the decision to cut its benchmark interest rate and what this means for the economy.
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.
Child care provider Bright Horizons has agreed to give up its permit for a Manhattan day care center.
The family of a man killed in a crash involving an FDNY truck and an Access-A-Ride bus in Brooklyn last week is planning to take legal action.
A driver was indicted on manslaughter and assault charges Thursday in a deadly crash that killed two teenagers on Long Island back in January.
Parents in Queens said they were left wondering where their kids were for hours Monday after the bus picked them up from school.
A Yorktown, New York, native was shot and killed while out with friends in Chicago, leaving her hometown community in mourning.
Child care provider Bright Horizons has agreed to give up its permit for a Manhattan day care center.
The family of a man killed in a crash involving an FDNY truck and an Access-A-Ride bus in Brooklyn last week is planning to take legal action.
A driver was indicted on manslaughter and assault charges Thursday in a deadly crash that killed two teenagers on Long Island back in January.
Parents in Queens said they were left wondering where their kids were for hours Monday after the bus picked them up from school.
A Yorktown, New York, native was shot and killed while out with friends in Chicago, leaving her hometown community in mourning.
The New York City area will be under a wind advisory Monday with periods of heavy rain and severe thunderstorms expected across the region.
The New York area is in for a mild weekend before the weather takes a turn to start the work week.
It will be rainy on Thursday morning, and the weather will change to snow as temperatures drop across the Tri-State Area.
Thunderstorms are expected in New York, New Jersey and Connecticut this weekend after severe weather hit the Midwest.
Periods of rain will move through the New York area Thursday, but spring temperatures are on the way for the weekend.
Montclair School District Board of Education members broke down in tears as they voted to close Renaissance Middle School.
Video shows firefighters dousing the smoldering roof of the structure on Old York Road in Branchburg, New Jersey.
Grubhub is launching New Jersey's first commercial food delivery by drone. CBS News New York has learned more about the high-tech service and how it's expected to work.
Officials say James Hadley, a New Jersey coach and educator, may have assaulted other victims.
Tens of thousands of customers lost power across the New York-New Jersey area as severe weather whipped through the region.
A driver was indicted on manslaughter and assault charges Thursday in a deadly crash that killed two teenagers on Long Island back in January.
Tens of thousands of customers lost power across the New York-New Jersey area as severe weather whipped through the region.
Ten people and six vehicles were involved in the fatal accident on Long Island, according to New York State Police. Two people in their 80s were killed.
St. John's, Hofstra and LIU are playing in the 2026 NCAA men's basketball tournament as March Madness gets in full swing.
Prosecutors said Matthew Smith fended off efforts to hand over his car keys before the crash that killed Nassau County police officer Patricia Espinosa.
Mayor Zohran Mamdani is taking the first steps toward overhauling how the city responds to 911 calls involving mental health problems.
The MTA announced plans to replace thousands of New York City's decades-old subway cars with new models.
New York City will no longer criminally enforce minor traffic offenses for cyclists and e-bike riders, the Mamdani administration announced Wednesday.
The Mamdani administration has asked a court to allow them to stop representing former Mayor Eric Adams in a sexual assault case.
Mayor Zohran Mamdani celebrated his first St. Patrick's Day as mayor with a dramatic show of respect for groups he may have offended in the past.
Older adults in New Jersey recorded the highest number of suspected overdose deaths in 2025, according to the New Jersey Department of Health.
The first case of mpox clade I has been detected in New York City, health officials said Friday. Of the two types of mpox, clade I is known to cause more severe disease and death.
Heights University Hospital, formerly known as Christ Hospital, shuttered its emergency room Saturday night.
New Jersey Sen. Andy Kim is opening up about his father's Alzheimer's diagnosis in hopes of helping others struggling like him to care for their loved ones.
A new study shows toxic forever chemicals known as PFAS may be entering the food chain on Long Island through contaminated soil, water and air.
Michael B. Jordan's best actor win at Sunday night's Academy Awards resonated at his alma mater, Arts High School in Newark.
"One Battle After Another" took home several big awards, including Best Picture, Best Director and the newly created Best Casting.
Hollywood's biggest stars were honored at the 98th annual Academy Awards on Sunday. Here is what to know and how to watch the 2026 Oscars.
Legendary New York City television news anchor Ernie Anastos has died. His wife says he died early Thursday morning of pneumonia.
Ballerina Misty Copeland responded to controversial comments made by actor Timothée Chalamet when he appeared to dismiss the significance of ballet and opera, saying, "No one cares."
Howie Rose, the longtime play-by-play voice of the New York Mets on the radio, says the upcoming 2026 season will be his last.
The Oklahoma City Thunder beat the Brooklyn Nets 121-92 on Wednesday night for their 10th straight win.
The New Jersey Devils beat the New York Rangers 6-3 on Wednesday night for their third straight victory.
Mets fans got a sneak peek Wednesday at the new food coming to Citi Field's menu for the 2026 season.
The WNBA and its players' union reached a verbal agreement on a transformational new collective bargaining agreement early Wednesday morning, both sides said.
Members of the Apollo Theater, where Kiki Shepard left her mark for 15 years, reflect on her legacy after the Harlem icon's death at age 74.
The Rev. Al Sharpton is calling on New York City to help protect the Merchant's House Museum in Manhattan after a recent discovery revealed connections to the Underground Railroad.
A Harlem school is teaching students how to love, honor and care for their natural hair.
The NYC DEP has announced plans to clean Flushing Creek with chlorine, sparking outrage among some environmentalists.
Neighbors and local businesses in Long Island City, Queens, say rental trucks parked on streets are impacting daily operations.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Last year, electricity rates in New Jersey spiked more than almost any other state, according to a new congressional report. As CBS News New York's Christine Sloan reports, residents complain they can't keep up.
Half of NYU's fulltime faculty are preparing to go on strike Monday morning if they don't settle a contract with the university.
Child care provider Bright Horizons has agreed to give up its permit for a Manhattan day care center where two CBS News New York investigations exposed safety hazards and accusations of child abuse. CBS News New York investigative reporter Tim McNicholas has been covering this for months now and has the latest.
The family of a man killed in a crash involving an FDNY truck and an Access-A-Ride bus in Brooklyn last week is planning to take legal action. CBS News New York's Doug Williams has the exclusive story.
A harsh winter may have kept us bundled up, but experts say it didn't slow down ticks. CBS News New York's John Dias explains homeowners and pest control experts are already gearing up for what could be a busy bug season.
