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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 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 Knicks had their biggest playoff victory in franchise history, overwhelming and eliminating the Hawks 140-89 in Game 6 on Thursday night.
A shooting at a library in Freehold, New Jersey, is under investigation.
The soccer clinic at the Jamaica YMCA turned into a dream come true when the kids were given free tickets to a World Cup match.
Suffolk County officials say contamination from a former Grumman Navy site is far worse than previously acknowledged and is still spreading.
NYC Mayor Zohran Mamdani is facing pressure from opposing sides regarding a housing voucher program. While some want it to expand, others want to curb its growth.
The soccer clinic at the Jamaica YMCA turned into a dream come true when the kids were given free tickets to a World Cup match.
Suffolk County officials say contamination from a former Grumman Navy site is far worse than previously acknowledged and is still spreading.
NYC Mayor Zohran Mamdani is facing pressure from opposing sides regarding a housing voucher program. While some want it to expand, others want to curb its growth.
Advocates and lawmakers are trying to close what they call a loophole in New York's laws against stalking and harassment, which they say do not keep up with the digital age.
A car theft ring that victimized more than 250 people in the Bronx, Manhattan, Brooklyn and Queens has been broken up, the NYPD said Thursday.
Some residual showers may linger into early Sunday morning, but the majority of the rainfall should be over by sunrise.
Amtrak announced Thursday it is suing Metro-North for allegedly blocking nonrevenue trains on a portion of the busy Northeast Corridor for over two months.
The Tri-State Area has the dirtiest air in the U.S. east of Texas, according to The American Lung Association's newly released "State of the Air" report.
Colder weather returns to the New York City area this week with sub-freezing temperatures in the suburbs.
New York City's balmy weather proved to be record-breaking for the date of April 15.
A shooting at a library in Freehold, New Jersey, is under investigation.
Gov. Mikie Sherrill marked her 100th day in office by highlighting property tax relief and her affordability focus, but Republicans say New Jersey is more expensive.
The DOJ is suing New Jersey and Gov. Mikie Sherrill over recent legislation limiting the power of ICE agents in the Garden State.
Keyport residents say they're on edge because of dozens of cancer cases over the years in a neighborhood near the former Aeromarine landfill.
Purdue Pharma, the maker of OxyContin, is set to be dissolved as a massive legal settlement resolving thousands of lawsuits takes effect.
Suffolk County officials say contamination from a former Grumman Navy site is far worse than previously acknowledged and is still spreading.
The Suffolk County Police Department has converted a seized 2020 Corvette Stingray Coupe into a full-fledged police car, with lights and siren, to raise awareness about driving while under the influence.
Residents said anti-Muslim vandalism was found on at least eight stop signs in the area of Carto Circle in Deer Park.
Rumblings of a possible LIRR strike are putting commuters on edge. The MTA says it's preparing for a potential walkout, while union leaders say they're fighting for a fair deal.
Delays are still lingering after a Long Island Rail Road train hit debris Wednesday morning in one of the East River tunnels.
NYC Mayor Zohran Mamdani is facing pressure from opposing sides regarding a housing voucher program. While some want it to expand, others want to curb its growth.
Advocates and lawmakers are trying to close what they call a loophole in New York's laws against stalking and harassment, which they say do not keep up with the digital age.
Gov. Mikie Sherrill marked her 100th day in office by highlighting property tax relief and her affordability focus, but Republicans say New Jersey is more expensive.
New York City Comptroller Mark Levine is giving a thumbs up to Gov. Kathy Hochul and Mayor Zohran Mamdani's proposed pied-à-terre tax. His approval, however, comes with several caveats.
Applications for the Little Apple program open Thursday. It will provide full-day care for 40 children ranging from 6 weeks to 3 years old.
Keyport residents say they're on edge because of dozens of cancer cases over the years in a neighborhood near the former Aeromarine landfill.
The B.R.O. Experience Foundation uses cognitive behavioral therapy, mentorship and creative expression to support men of color navigating identity.
Travelers at Newark Airport may have been exposed to an individual with measles, New Jersey health officials warn.
The Tri-State Area has the dirtiest air in the U.S. east of Texas, according to The American Lung Association's newly released "State of the Air" report.
The 16th Annual Lustgarten Foundation New York City Walk for Pancreatic Cancer Research was held Sunday in Battery Park City.
"The Ed Sullivan Show" on CBS brought the evolution of rock music into America's living rooms. More than 50 years after Sullivan died, he's getting the ultimate rock 'n' roll honor.
Megan Thee Stallion has decided to end her run with "Moulin Rouge! The Musical" early, the Broadway show announced on Monday.
The woman accusing Harvey Weinstein of raping her at a Manhattan hotel room in 2013 took the stand Monday in the third trial of the disgraced movie mogul.
Ticketmaster will be rereleasing tickets for Harry Styles' upcoming concerts in New York City that were originally purchased by scalpers, the company says.
The upcoming fashion exhibit at the Metropolitan Museum of Art includes 25 mannequins based on real bodies.
The Knicks had their biggest playoff victory in franchise history, overwhelming and eliminating the Hawks 140-89 in Game 6 on Thursday night.
The soccer clinic at the Jamaica YMCA turned into a dream come true when the kids were given free tickets to a World Cup match.
The Nationals beat the Mets 5-4 Thursday, dealing reeling New York its 17th loss in 20 games.
The Washington Nationals routed the reeling New York Mets 14-2 on a rainy Wednesday night at Citi Field.
Nathan Eovaldi delivered seven scoreless innings as the Rangers blanked the Yankees 3-0, snapping New York's hot streak and avoiding a sweep in Arlington.
In New York City, where land is at a premium, a stockpile of pristine soil unearthed at construction sites helps lower emissions and support urban farmers.
Have you ever wondered what happens to a restaurant's leftover or unsold food at the end of the day? Food access advocates say it could make a big difference if it were served to the community.
A new report finds a shortage of courts, fields and swimming pools in some New York City neighborhoods.
Residents living near New York City's busiest airports say the noise overhead has escalated from a nuisance to a health concern.
Construction began Tuesday on a major redesign of Flatbush Avenue in Brooklyn.
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.
CBS News New York's Lonnie Quinn has your First Alert Forecast for April 30 at 11 p.m.
The Artemis II crew visited New York City on Thursday.
A man was shot at a library in Freehold, New Jersey, on Thursday. CBS News New York's Naveen Dhaliwal reports.
One person is dead, multiple homes were damaged, and more than a dozen residents were displaced after a massive house explosion in Queens. CBS News New York's Naomi Ruchim reports.
Knicks fans gathered at a watch party outside Madison Square Garden to celebrate the team's Game 6 win Thursday. CBS News New York's Adi Guajardo reports.
