Powell says the Fed was served DOJ subpoenas over building renovations
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.
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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.
The Fed announced Wednesday that it reduced rates by half a percentage point, which is more than expected. It's the first cut in more than four years, and it's welcome news for millions of Americans, especially home buyers. CBS News New York's Christine Sloan explains.
Thomas Hayes, chairman and managing member at Great Hill Capital, joins CBS New York to discuss the Fed meeting.
The DMV and the NYPD are investigating a Brooklyn auto repair shop after multiple CBS News New York Investigates reports.
After returning to Joint Base Andrews, President Trump departed for Davos about one hour later aboard a second aircraft.
New York Gov. Kathy Hochul on Tuesday proposed a record $260 billion election-year budget.
Advocate groups for 9/11 victims say federal staffing cuts and a hiring freeze are making it more difficult for first responders to get help from Zadroga Act programs.
A New Jersey family has been reunited with their beloved dog that was lost when their car was stolen.
The DMV and the NYPD are investigating a Brooklyn auto repair shop after multiple CBS News New York Investigates reports.
New York Gov. Kathy Hochul on Tuesday proposed a record $260 billion election-year budget.
NYPD body cam video shows officers chase down and arrest a robbery suspect in Queens last week.
Police are looking for the suspect who allegedly punched an MTA conductor on a Queens subway platform.
Jury selection is set to begin Tuesday in the trial of luxury real estate brokers Oren and Tal Alexander and their brother Alon on sex trafficking charges.
Dangerously cold weather is gripping the Tri-State Area with little relief as the frigid temperatures continue into the weekend.
Many dangers lurk when the temperature plummets, including hypothermia, frostbite and even a heart attack.
The weekend of snow in the New York City area finally wrapped up overnight, but don't let it fool you. Temperatures are about to plummet.
Snow fell in New York City and across the Tri-State Area on Sunday morning and evening, leaving a good amount to measure in its wake.
David Grullon Jr. killed a 34-year-old Connecticut man after he fired a gun and the bullet went through the wall.
A New Jersey family has been reunited with their beloved dog that was lost when their car was stolen.
The New York Giants officially introduced their new head coach John Harbaugh Tuesday.
Dangerously cold weather is gripping the Tri-State Area with little relief as the frigid temperatures continue into the weekend.
Mikie Sherrill was inaugurated on Tuesday morning in Newark, becoming the first Democratic woman to hold New Jersey's highest office.
Many dangers lurk when the temperature plummets, including hypothermia, frostbite and even a heart attack.
Dangerously cold weather is gripping the Tri-State Area with little relief as the frigid temperatures continue into the weekend.
The weekend of snow in the New York City area finally wrapped up overnight, but don't let it fool you. Temperatures are about to plummet.
Snow fell in New York City and across the Tri-State Area on Sunday morning and evening, leaving a good amount to measure in its wake.
A Long Island nurse was seen on a nanny camera hitting a non-verbal child that he was caring for, leaving bruises on the boy's body.
The first of this weekend's two rounds of snow blanketed the Tri-State Area on Saturday.
After returning to Joint Base Andrews, President Trump departed for Davos about one hour later aboard a second aircraft.
New York Gov. Kathy Hochul on Tuesday proposed a record $260 billion election-year budget.
Advocate groups for 9/11 victims say federal staffing cuts and a hiring freeze are making it more difficult for first responders to get help from Zadroga Act programs.
Vice President JD Vance and second lady Usha Vance announced they are expecting their fourth child.
President Trump spoke in the White House briefing room for nearly two hours on Tuesday, marking the first year of his second term before departing for a high-pressure trip to Europe.
Mayor Zohran Mamdani and Vermont Sen. Bernie Sanders joined striking New York City nurses on the picket line Tuesday.
New York City's largest nurses strike is now in Week 2 and it appears negotiations toward a deal remain at a standstill.
Negotiators for major New York City hospitals and the state nurses union returned to the bargaining table as the city's largest nurses strike enters a fifth day.
Nurses continue to hold the picket line as the largest nurses' strike in New York City history is on its third day with no end in sight.
Nurses say health care benefits and workplace safety are their main reasons for striking, and are refusing to go back to work until their demands are met.
Kianna Underwood, a former Nickelodeon child actress, was identified as the woman killed in a hit-and-run in Brooklyn.
John Forté, the Grammy-nominated musician known for his work with the Fugees, was found dead in his home in Massachusetts.
The 2026 Golden Globes honored the standouts in both film and television from last year. See the full list of winners and nominees.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
Carlos Beltrán was a nine-time All-Star during his 20-year MLB career. Andruw Jones was a five-time All-Star and won 10 Gold Gloves.
The New Jersey Devils defeated the Calgary Flames 2-1 in an overtime game on Monday night.
The New York Islanders defeated the Vancouver Canucks 4-3 on Monday night in Canada.
The New York Giants officially introduced their new head coach John Harbaugh Tuesday.
Alex Killorn broke a second-period tie, rugged newcomer Jeffrey Viel scored his first goal of the season and the Anaheim Ducks beat the New York Rangers 5-3 on Monday night.
Puppet shows, peaceful protests and acts of service helped families reflect on Dr. Martin Luther King Jr.'s legacy through a child's perspective.
Nearly 100 tenants from three different buildings managed by A&E Real Estate on the Upper West Side rallied on Monday.
A group in Queens has banded together to revive landlines and give their children a simpler way to socialize.
A city-approved plan to rezone a stretch of Atlantic Avenue is expected to bring thousands of new apartments to Brooklyn, but tenant advocates say the deal falls short for lower-income residents and could accelerate displacement.
A three-year pilot run by the Brooklyn Justice Initiative and the Mayor's Office of Criminal Justice aims to improve court compliance and reduce recidivism by meeting participants where they live.
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 Lonnie Quinn has your First Alert Forecast for January 20 at 11 p.m.
Tuesday marked one year since President Trump took the oath of office for a second time. CBS News New York's Ali Bauman has more on the president's message and how it's being received.
Tuesday was a big day for Giants fans as John Harbaugh was introduced as the new head coach. CBS News New York's Otis Livingston was there for the start of the new era for Big Blue.
A New Jersey family has been reunited with their beloved dog that was lost when their car was stolen.
For more than a year, CBS News New York investigative reporter Tim McNicholas has been reporting on a Brooklyn auto repair shop accused of holding cars hostage and not completing repairs. Now, the DMV and the NYPD are getting involved.
