Fed chair leaves interest rates in place
The Federal Reserve leaves interest rates unchanged, which experts say is bad news for borrowers. Kelly O'Grady reports.
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The Federal Reserve leaves interest rates unchanged, which experts say is bad news for borrowers. Kelly O'Grady reports.
Fed officials are leaving their benchmark rate unchanged for a fifth straight meeting, a sign they expect inflation to ease.
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
The Federal Reserve is holding interest rates steady with the new Fed chair acknowledging the lingering economic effects of the War with Iran. Jarred Hill reports.
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
The Federal Reserve is holding interest rates steady as the central bank deals with stubborn inflation and continued economic uncertainty linked to the war with Iran. Gwen Baumgardner has more on what this means for your wallet.
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
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 man who shot and killed Monroe University basketball player Amira McLeod has been sentenced to 20 years to life in prison.
AI-powered technology is helping expand what is possible for people who are blind or have low vision.
New Yorkers who buy their own health insurance could pay more as insurers file requests with the State Department of Financial Services to increase premiums.
The NYPD touted progress in its fight against illegal guns in New York City Tuesday, announcing that so far this year more than 3,000 guns have been seized so far this year.
A mother and child were hit by a car Tuesday morning in New Jersey, according to police.
The man who shot and killed Monroe University basketball player Amira McLeod has been sentenced to 20 years to life in prison.
AI-powered technology is helping expand what is possible for people who are blind or have low vision.
New Yorkers who buy their own health insurance could pay more as insurers file requests with the State Department of Financial Services to increase premiums.
The NYPD touted progress in its fight against illegal guns in New York City Tuesday, announcing that so far this year more than 3,000 guns have been seized so far this year.
Luigi Mangione returned to a New York City courtroom Tuesday morning for a final pretrial hearing in his state murder case.
The potential for severe storms and downpours returns to the Tri-State Area Monday as sweltering temperatures continue.
Monday will be a First Alert Weather Day due to the possibility of afternoon and evening thunderstorms and high heat indices near 100 degrees.
The New York area will get some brief relief Sunday from the humid weather.
Friday evening brought yet another round of prolific thunderstorms to the Tri-State Area.
A 16-year-old boy was killed after he was hit Wednesday night by a Metro-North train going from Danbury to South Norwalk, police said.
A mother and child were hit by a car Tuesday morning in New Jersey, according to police.
New technology is being installed at Newark that will help track planes and vehicles moving around the airport.
Four suspects pulled off a brazen smash-and-grab robbery inside a Woodbridge, New Jersey, jewelry store over the weekend.
The potential for severe storms and downpours returns to the Tri-State Area Monday as sweltering temperatures continue.
Residents of a Newark apartment complex got a startling wakeup call Sunday morning when police in tactical gear, responding to reports of multiple people shot, stormed their building.
The man who shot and killed Monroe University basketball player Amira McLeod has been sentenced to 20 years to life in prison.
The man who shot and killed Monroe University basketball player Amira McLeod has been sentenced to 20 years to life in prison.
A car plowed into a road crew on Long Island Monday morning, killing one worker and seriously injuring two others, Suffolk County police said. CBS News New York's Carolyn Gusoff reports.
A construction worker was killed and two others were injured when they were struck by a vehicle in Nesconset on Monday morning, Suffolk County police said.
The potential for severe storms and downpours returns to the Tri-State Area Monday as sweltering temperatures continue.
Back in March 1994, Yossi Spalter traveled on a van with his Yeshiva classmates from Manhattan to Crown Heights over the Brooklyn Bridge. The trip changed his life.
A judge on Staten Island has temporarily blocked implementation of New York City's new pied-à-terre tax.
"This is a choice that I am making to feel more in control of my life," said 36-year-old Rep. Alexandria Ocasio-Cortez.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
In a narrow 50-49 vote, President Trump's former defense lawyer was confirmed as attorney general in a vote early Saturday.
New Yorkers who buy their own health insurance could pay more as insurers file requests with the State Department of Financial Services to increase premiums.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
The New York Hotel and Gaming Trades Council claims The High Line Hotel tested positive for Legionella bacteria twice this summer.
Several lawsuits were announced Thursday against New York City and others connected to a deadly 2025 Legionnaires' outbreak in Harlem.
Gov. Kathy Hochul signed new legislation Wednesday to strengthen inspections on cooling towers in New York City.
Actor and comedian Bowen Yang will portray Mary Todd Lincoln in Broadway's "Oh, Mary!" for a limited 12-week run starting in September.
Designer John Galliano is known for his theatrical and dramatic designs, but his legacy is also marked by antisemitic and racist comments.
"The Sopranos" actor Vincent Pastore is being remembered as a fixture in his Bronx community.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
A new Broadway show based on Prince's movie and album "Purple Rain" will take the stage at Broadway's Majestic Theatre in March.
LeBron James will return to Los Angeles on Christmas Day in 2026, and the Sixers will open the season in New York against the Knicks.
Brett Baty hit the first grand slam of his career and the Mets held off the Braves 8-5 on Monday night for their sixth win in seven games.
The New York Mets routed the Pittsburgh Pirates 11-1 on Sunday afternoon.
Don Nelson was one of two coaches in NBA history to have at least 250 wins with three different franchises — Milwaukee, Dallas and Golden State.
Michael Harris II opened the 10th inning with an RBI single, and the Braves beat the Yankees 2-1 on Sunday to prevent a three-game sweep.
Some residents of a Queens building say a temporary boiler truck parked outside has become a nearly two-year fixture, emitting smoke they say drifts into their homes.
Harlem Week 2026 brings past and present Harlemites together to honor the neighborhood's legacy.
Parents in Harlem say their children's walk to summer camp is littered with trash, illegal dumping and a growing encampment.
A specialized program from God's Love We Deliver is serving nearly 400 veterans with medically tailored meals, while helping combat isolation and ease the challenges of life after military service.
The Newtown Creek Alliance community science project gives students hands-on experience monitoring the health of one of the most polluted waterways in the U.S.
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.
Bridal designers are already racing to predict the next Taylor Swift-inspired trend.
The humidity is keeping the storm threat in the NYC area, with the potential for showers in the afternoon and evening. CBS News New York Meteorologist Tony Sadiku has the forecast.
Rescue efforts continue as crews search for survivors after the strongest earthquake to ever hit the South American country. CBS News New York's Jessica Moore reports.
New radar technology is being installed at the New Jersey airport to help controllers detect movement on runways. CBS News New York's Tim McNicholas reports.
The man who shot and killed Monroe University basketball player Amira McLeod has been sentenced to 20 years to life in prison.
