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.
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
A United States Postal Service worker was arrested for shoving a 4-year-old boy to the ground in Monsey, Ramapo Police said.
Chicago police are questing a person of interest in connection with the fatal shooting of Loyola University student Sheridan Gorman.
Wait times aren't expected to improve until government funding is restored and TSA officers receive paychecks.
Police are searching for a suspect who jumped into the water at Mill Basin to evade police. It happened at around midnight at the Kings Plaza Shopping Center in Brooklyn.
A United States Postal Service worker was arrested for shoving a 4-year-old boy to the ground in Monsey, Ramapo Police said.
Police are searching for a suspect who jumped into the water at Mill Basin to evade police. It happened at around midnight at the Kings Plaza Shopping Center in Brooklyn.
A Florida man has been arrested in connection to a deadly Upper East Side hit-and-run.
A man was driving under the influence Thursday night when he struck two cyclists, killing one, the NYPD said.
New York and New Jersey lawmakers have announced a bipartisan, bi-state bill to address E-ZPass late fees.
It may not feel like spring right away, but Friday's weather does deliver a clear shift in the air in New York City.
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.
A New Jersey teen attending yeshiva school in Israel is back home after a journey that took him through three countries, at times on foot.
Gov. Mikie Sherrill accused ICE of ignoring the concerns of Roxbury residents after it bought the vacant warehouse on Route 46.
It may not feel like spring right away, but Friday's weather does deliver a clear shift in the air in New York City.
Last year, electricity rates in New Jersey spiked more than almost any other state, according to a new congressional report.
Montclair School District Board of Education members broke down in tears as they voted to close Renaissance Middle School.
What started as a sinus infection left a Long Island teenager fighting for his life, requiring emergency brain surgery.
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island was released to the media Friday.
It may not feel like spring right away, but Friday's weather does deliver a clear shift in the air in New York City.
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.
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
Wait times aren't expected to improve until government funding is restored and TSA officers receive paychecks.
The Trump administration has been strategizing methods and options to secure or extract Iran's nuclear materials, according to multiple sources, as the military campaign against Tehran enters a more uncertain phase.
New York and New Jersey lawmakers have announced a bipartisan, bi-state bill to address E-ZPass late fees.
Border czar Tom Homan is expected back on Capitol Hill later Friday for bipartisan talks.
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.
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.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island was released to the media Friday.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
Michael B. Jordan's best actor win at Sunday night's Academy Awards resonated at his alma mater, Arts High School in Newark.
The New York Knicks outlasted the Brooklyn Nets 93-92 on Friday night for their fifth consecutive victory.
The Washington Capitals beat the New Jersey Devils 2-1 on Friday night.
Fifth-seeded St. John's beat Northern Iowa 79-53 on Friday night for its second NCAA Tournament victory since 2000.
No. 4 seed Alabama rallied from an early double-digit deficit to beat 13th-seeded Hofstra 90-70 in a first-round game in the Midwest Region of the NCAA Tournament on Friday.
Top-seeded Arizona opened its NCAA Tournament run with a 92-58 victory over Long Island on Friday.
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.
CBS News New York's John Elliott stopped by the Jersey Dream Chasers 7-on-7 in competition at Belleville High School and heard from a number of the participants.
More than 1,000 dancers from 45 states and 34 countries signed up to audition for the world-famous kickline last year.
A new state law went into effect Saturday making it illegal for food or retail stores to refuse cash payments.
PATH service between Harrison and Journal Square has been suspended for federally mandated software testing of a new track switching system.
No radiation leakage was reported , according Iran's official news agency. Shawna Mizelle reports.
