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.
Watch CBS News
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.
Part of a Lavallette, New Jersey, liquor store was boarded up and a bouquet of flowers was left outside Sunday night, somber reminders of a horrific crash that killed a woman a day earlier.
Nolan Arenado hit his third grand slam of the season top help the Diamondbacks beat the Yankees 8-4 on Sunday.
The world is coming together at the United Nations this week and that means New York City is on high alert.
Cristopher Sánchez earned his major league-leading 18th win Sunday, leading the Phillies to a 7-2 victory over the Mets.
The lawyer for the man identified him as a 28-year-old Venezuelan national, Wilber Rafael Garces Perez. Officials said he was shot at least once in the torso and was in serious but stable condition.
The world is coming together at the United Nations this week and that means New York City is on high alert.
Trey Smack kicked a 26-yard field goal in overtime and the Packers snapped a six-game skid with a 20-17 victory over the Jets on Sunday.
Longtime NFL executive Ernie Accorsi, who built the New York Giants core that won the Super Bowl twice after his retirement has died. He was 84.
A vigil was held in the East Village on Saturday night for the teenager killed in a collision between a Citi Bike and a truck.
A woman has been arrested in connection to an attempted kidnapping in Brooklyn.
The Beardsley Zoo in Bridgeport announced it welcomed its first-ever red panda cub, marking an important achievement for the endangered species.
Rain totals on Sunday were much less substantial compared to last Sunday's prolific totals, generally averaging less than 1 inch in most locations.
Fire departments were hard at work in Paterson, New Jersey, and Fairfield County, Connecticut, due to flash flooding on Sunday morning.
Rainy weather makes a return to the New York City area this weekend.
After a week filled with periods of storminess and high humidity, a calmer and drier weather pattern is settling in for the holiday weekend.
Part of a Lavallette, New Jersey, liquor store was boarded up and a bouquet of flowers was left outside Sunday night, somber reminders of a horrific crash that killed a woman a day earlier.
Trey Smack kicked a 26-yard field goal in overtime and the Packers snapped a six-game skid with a 20-17 victory over the Jets on Sunday.
Longtime NFL executive Ernie Accorsi, who built the New York Giants core that won the Super Bowl twice after his retirement has died. He was 84.
Ahead of the beatification of Archbishop Fulton J. Sheen on Sept. 24, the Cathedral Basilica of the Sacred Heart in Newark, New Jersey, will be displaying items from his life and work.
The suspect has been identified in a deadly shooting that happened outside a Wawa location in Toms River on Friday.
CBS News New York's John Elliott reports from the Brain Aneurysm Foundation Long Island Run/Walk at Jones Beach State Park on Sept. 19, 2026.
The ground beneath a Long Island woman opened up, swallowing her into the earth below.
The ground beneath a Long Island woman opened up, swallowing her into the earth below. CBS News New York's Jennifer McLogan reports.
Racing returned to Belmont Park Friday afternoon, more than three years after the iconic Long Island track was shut down for renovations. The redevelopment cost $450 million. CBS News New York's Carolyn Gusoff reports.
Racing returns to Belmont Park on Friday, more than three years after the iconic Long Island track was shut down for renovations.
The world is coming together at the United Nations this week and that means New York City is on high alert.
New York City Mayor Zohran Mamdani and President Trump have met at least twice since Mamdani was elected last year.
On this "Face the Nation with Margaret Brennan" broadcast, Reps. Ro Khanna and Maria Elvira Salazar join Margaret Brennan.
President Trump said that he has agreed to convert plans for a massive triumphal arch into a "top grade Military Complex," equipped with snipers and drone storage.
The Democratic congressman has partnered with Republican New York Rep. Mike Lawler to introduce the Stop Rogue AI Act.
NYU Langone has reached an agreement with the Justice Department to end gender-affirming care for minors.
A second person has died in the Legionnaires' disease cluster in the South Bronx.
Some people in Keyport, New Jersey, claim the site of a former aircraft manufacturing plant is to blame for a growing number of cancer diagnoses, but the state says otherwise.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
One person has died and a total of five people have been sickened by Legionnaires' disease in the Bronx.
Duncan Sheik died on Thursday night, his family said.
A truck driver who spent two decades building a massive scale model of his native New York City was delighted when it went viral on TikTok.
The Feast of San Gennaro is filling New York City's Little Italy with faith, music, games and many treats starting Thursday.
The iconic Peanuts character Snoopy is getting a new look for the 100th Macy's Thanksgiving Day Parade in New York City.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Nolan Arenado hit his third grand slam of the season top help the Diamondbacks beat the Yankees 8-4 on Sunday.
Cristopher Sánchez earned his major league-leading 18th win Sunday, leading the Phillies to a 7-2 victory over the Mets.
Trey Smack kicked a 26-yard field goal in overtime and the Packers snapped a six-game skid with a 20-17 victory over the Jets on Sunday.
Longtime NFL executive Ernie Accorsi, who built the New York Giants core that won the Super Bowl twice after his retirement has died. He was 84.
Pavin Smith hit a two-run homer in the ninth inning to lift the Diamondbacks over the Yankees 5-3 on Saturday night.
Neighbors have been waiting since 2021 for the bridge over the Belt Parkway to be rebuilt and reconnect Bath Beach with the waterfront.
The People's Theatre now has its first permanent home in more than 15 years, thanks to help from theater legends from the neighborhood, like Lin-Manuel Miranda.
Brooklyn Greenway Initiative's 1.8-acre native plant sanctuary marks 10 years at a site where historians believe hundreds of human remains still lie
At a Bay Ridge school, students who were born years after the attacks are learning about Sept. 11 through the stories of parents, teachers and first responders who lived through it.
Former Mets players from the 2001 season were at Ladder 25 on the Upper West Side on Tuesday.
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 Vanessa Murdock is calling for a fairly nice day on Monday, but then there will be chances of showers every day until Friday, when a coastal storm could impact the area.
Police said the 93-year-old driver hit the accelerator instead of the break while trying to park on Saturday morning. CBS News New York's Naveen Dhaliwal reports.
Police said it happened just before 6 p.m. on Sunday, adding the 26-year-old victim was on the platform at the Rockaway Avenue station when he was attacked. CBS News New York's Allen Devlin reports.
The meeting Monday afternoon at Gracie Mansion will mark Mr. Trump's first visit as president. CBS News New York's Rob Flaks reports.
As dignitaries from all over converge on the Big Apple, New Yorkers will be left to deal with street closures and gridlock. CBS News New York's Christine Sloan reports.
