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.
Gerrit Cole pitched six sharp innings, and the New York Yankees completed a three-game sweep in Baltimore with a 6-1 victory over the Orioles.
The DSNY reported an increase in needle stick injuries for New York City sanitation workers.
Damage from a possible tornado and Thursday's storms has prompted a state of emergency in Nassau County, officials say.
Disturbing attacks by two dogs were caught on camera in the Dix Hills neighborhood on Long Island.
The New York City Council is considering a new bill to address the city's backlog of emergency calls as some say the situation has reached critical mass.
The DSNY reported an increase in needle stick injuries for New York City sanitation workers.
Damage from a possible tornado and Thursday's storms has prompted a state of emergency in Nassau County, officials say.
Disturbing attacks by two dogs were caught on camera in the Dix Hills neighborhood on Long Island.
The New York City Council is considering a new bill to address the city's backlog of emergency calls as some say the situation has reached critical mass.
This year, Westchester's Annual 9/11 Day of Service will expand to four days, taking place from Sept. 8-11.
Rainy weather returns to the New York City area Sunday, bringing with it the threat of flooding.
Bayonne, New Jersey, is heading to the Little League World Series after beating Darien, Connecticut, in the Metro Region Tournament on Friday.
We're in great shape on this Friday as we gear up for another weekend.
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.
Bayonne is still riding the high from Wednesday night's Little League World Series game, where the boys beat Massachusetts 2-1.
Bayonne, New Jersey, is advancing to the next round of the Little League World Series.
Researchers say an alarming study on cognitive decline is specific to the African American community in Newark, New Jersey.
A former New Jersey correctional police officer pleaded guilty to smuggling contraband into Northern State Prison, Attorney General Jennifer Davenport announced Wednesday.
As we approach the 25th anniversary of the Sept. 11, 2001, terror attacks, there is an ongoing fight to repair Jersey City's memorial for the victims.
Dozens of cabanas at a popular Long Island beach club were damaged or destroyed Thursday by a possible tornado, officials say. CBS News New York's Adi Guajardo reports.
Inwood Fire Chief Josiyah Green provided an update Thursday evening on possible tornado damage in Nassau County.
Damage from a possible tornado and Thursday's storms has prompted a state of emergency in Nassau County, officials say.
Disturbing attacks by two dogs were caught on camera in the Dix Hills neighborhood on Long Island.
Disturbing attacks by two dogs were caught on camera in the Dix Hills neighborhood on Long Island. CBS News New York's Carolyn Gusoff spoke with the victims and the dogs' owners.
A New York woman is accused of plotting "a major attack" on the state Capitol building in Albany, authorities said Thursday.
The Democratic National Committee is on the hunt for the best host city for the 2028 Democratic convention.
As we approach the 25th anniversary of the Sept. 11, 2001, terror attacks, there is an ongoing fight to repair Jersey City's memorial for the victims.
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
The New York City Council held an hours-long hearing Tuesday afternoon on the controversial new pied-à-terre tax rollout.
A New Yorker has tested positive for West Nile virus, the city health department announced Wednesday.
Researchers say an alarming study on cognitive decline is specific to the African American community in Newark, New Jersey.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Two more deaths have been reported in connection to the Legionnaires' disease cluster on the Upper East Side, health officials said Friday.
Jones Beach is back open for swimmers after it was prohibited due to elevated bacterial levels. The rare shutdown took place from Thursday afternoon through midday Friday.
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the series "Heroes," has died at the age of 36. The coroner's office says she was found in cardiac arrest.
The lineup for the 2026 Global Citizen Festival in New York City was announced Thursday.
Latin music stars Marc Anthony, Feid, and others are set to perform at a benefit concert in Miami on August 16.
Gerrit Cole pitched six sharp innings, and the New York Yankees completed a three-game sweep in Baltimore with a 6-1 victory over the Orioles.
Bayonne is still riding the high from Wednesday night's Little League World Series game, where the boys beat Massachusetts 2-1.
MLS-leading Nashville SC pulled out a 1-0 victory over the New York Red Bulls on Wednesday night.
FC Cincinnati beat New York City FC 2-1 on Wednesday.
Pete Alonso's drive down the left-field line in the seventh inning was ruled foul, and the New York Yankees took advantage of that reprieve, scoring twice in the top of the eighth to beat the Baltimore Orioles 5-3 on Wednesday night.
The DSNY reported an increase in needle stick injuries for New York City sanitation workers.
A Queens homeowner says that overgrown city trees on her block are creating a safety hazard at night.
Neighbors say Flushing Meadows Corona Park has been falling into disrepair for years.
The owner of a beloved Harlem food truck known for its burgers under $5 is retiring and selling the business.
The historic Art Deco bathhouse at Jacob Riis Park is getting a new life as the Rockaway Ocean Club. But as the long-dormant building reopens, some locals are questioning who will have access to its amenities.
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 August 20 at 11 p.m.
A potential ISIS-inspired terrorist attack in Albany was foiled by the FBI. Now, a woman is under arrest. CBS News New York's Dick Brennan reports.
Flash flooding turned roads into rivers in Queens and flooded some businesses Thursday. CBS News New York's Lisa Rozner reports.
Dozens of cabanas at a popular Long Island beach club were damaged or destroyed Thursday by a possible tornado, officials say. CBS News New York's Adi Guajardo reports.
A storm triggered tornado warnings and flooding across the Tri-State Area on Thursday. CBS News New York's Lonnie Quinn, Adi Guajardo and Lisa Rozner report.
