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.
A man was shot and killed Friday just steps away from a church in New York City, the NYPD says.
A 14-year-old boy from New York is accused of building homemade explosive devices and blowing up a porta-potty in a local park.
Engel represented parts of Westchester County and the north Bronx for over 30 years in the House of Representatives from 1989-2021.
A 75-year-old woman says she was attacked by a dog walker in front of her New York City home after being accused of splashing ammonia on a group going by.
NASA's Artemis II astronauts are set to return to Earth with a splashdown landing in the Pacific Ocean after making a high-speed reentry through the atmosphere.
A man was shot and killed Friday just steps away from a church in New York City, the NYPD says.
A 14-year-old boy from New York is accused of building homemade explosive devices and blowing up a porta-potty in a local park.
Engel represented parts of Westchester County and the north Bronx for over 30 years in the House of Representatives from 1989-2021.
A 75-year-old woman says she was attacked by a dog walker in front of her New York City home after being accused of splashing ammonia on a group going by.
New York City Mayor Zohran Mamdani is marking 100 days in office Friday as he continues to pursue his ambitious policy agenda.
New York City and the Tri-State Area are finally turning the corner to warmer weather next week.
When UConn plays Michigan for the NCAA Men's Basketball championship tonight in Indianapolis, there are a few places in New York City where fans can root on their schools.
The average price for a gallon of gas in New York City is now $4.11, which is 82 cents higher than a month ago, according to AAA.
Rain has returned for Easter Sunday in the New York area after the holiday weekend kicked off with May-like weather.
UConn's jaw-dropping buzzer beater catapulted them to the Final Four.
New York City and the Tri-State Area are finally turning the corner to warmer weather next week.
Kishan Patel, who was shot by a former NYPD officer in 2024, has returned home after more than a year of rehab.
Spring has sprung, but piles of snow are still melting in New Jersey more than six weeks after a blizzard slammed the Tri-State Area.
The burglars smashed into the Perth Amboy business within seconds and then came face-to-face-with the owners.
A New Jersey family's beloved dog has been returned after it was apparently taken right off their back porch.
Gilgo Beach serial killer Rex Heuermann answered a judge's preliminary questions before pleading guilty to murdering seven women and admitting to killing an eighth.
Rex Heuermann pleads guilty to murdering seven women tied to the years-long Gilgo Beach serial killer investigation.
Gilgo Beach serial killer Rex Heuermann pleaded guilty to seven counts and admitted guilt in the death of an eighth woman.
Rex Heuermann was arrested in 2023. He admitted to killing eight women in the Gilgo Beach area of Long Island between 1993 and 2011.
Long Beach, Long Island, is holding a public hearing Tuesday night regarding the loosening of alcohol restrictions on its iconic boardwalk.
Engel represented parts of Westchester County and the north Bronx for over 30 years in the House of Representatives from 1989-2021.
Former Vice President Kamala Harris said that she might run for president in 2028, telling a gathering in New York that she is considering mounting a third bid for the White House.
New York City Mayor Zohran Mamdani is marking 100 days in office Friday as he continues to pursue his ambitious policy agenda.
New York City business owners are pushing on the State Legislature to pass Gov. Kathy Hochul's reforms that would roll back some of the climate legislation passed by New York state in 2019.
First lady Melania Trump delivered a televised statement denying a relationship with the late sex offender Jeffrey Epstein.
Advocates fear New York state could be taking a step back when it comes to biomarker testing access for those with Medicaid.
What started as a sinus infection left a Long Island teenager fighting for his life, requiring emergency brain surgery.
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.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
A federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.
Atlanta rapper Gucci Mane was lured to a Dallas studio for a meeting, then allegedly kidnapped and robbed by a group including rappers Pooh Shiesty and Big30.
Megan Thee Stallion was released from a New York City hospital after she got sick during a performance of "Moulin Rouge! The Musical."
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
Eduardo Rodríguez outdueled Nolan McLean in a rematch of the World Baseball Classic final on Thursday night, leading the Diamondbacks to a 7-1 win over the Mets.
The Knicks stayed alive in the race for the No. 2 seed in the Eastern Conference with a 112-106 victory over Jayson Tatum and the Celtics on Thursday night.
The Pacers snapped a three-game skid with a 123-94 win over the Nets on Thursday night.
The Islanders defeated the Maple Leafs 5-3 on Thursday night in Peter DeBoer's first game as New York's coach.
The Pittsburgh Penguins clinched a playoff spot by defeating the New Jersey Devils 5-2 on Thursday night.
New York City business owners are pushing on the State Legislature to pass Gov. Kathy Hochul's reforms that would roll back some of the climate legislation passed by New York state in 2019.
Ismael Ox lost his right hand as a child in a grenade attack, survived homelessness in the U.S., and became a citizen, all while training to represent Team USA in para Taekwondo.
These kids from Brooklyn are playing tennis in their school hallways, cafeterias and auditoriums, to make the most of limited space and resources.
Preparations for Passover in Brooklyn blend centuries-old rituals with modern traditions unique to each family.
New York has filed a lawsuit against solar company Attyx, saying it didn't just sell panels, it sold promises it couldn't keep.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
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.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Former Vice President Kamala Harris is not ruling out running for president again, she said Friday at the National Action Network's annual convention in Midtown.
The Artemis II astronauts are preparing for Friday's splashdown off the southern California coast. Gwen Baumgardner reports.
A man was shot and killed Friday just steps away from a church in Queens. CBS News New York's Andrew Ramos reports.
Repair crews will be deployed across New York City streets and highways to fill potholes.
As NASA’s Artemis II mission nears its return, experts explain how astronauts are gearing up for re-entry.
