Powell to stay on Federal Reserve board as policy makers hold rates steady
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.
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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.
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.
Jerome Powell confirmed he's under investigation by the Trump administration regarding the renovation of the bank’s headquarters in Washington, D.C.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
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.
CBS News Business Analyst Jill Schlesinger joins CBS New York to discuss what to expect from the Fed meeting.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
Thomas Hayes, Chairman and Managing Member at Great Hill Capital joins CBS New York to preview the fed meeting.
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.
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.
Thomas Hayes, chairman and managing member at Great Hill Capital, joins CBS New York to discuss the Fed meeting.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
As Americans face record high prices, President Biden has laid out a plan to get inflation under control. Natalie Brand reports for CBS2.
The strike stems from an inability to reach a deal on a new four-year contract. The MTA and unions agreed to the terms of the first three years, but disputes arose about the final year.
A controversial plan would build one of nation's largest battery energy storage sites near homes on Staten Island. The state says the sites are critical to New York's push for cleaner energy, but how and where they're built remains a flashpoint.
Cam Schlittler overpowered the New York Mets in his Subway Series debut.
Ahead of the 2026 RBC Brooklyn Half Marathon, some athletes are showing how simply reaching the starting line is a victory.
The NYPD said the crash happened at 6 p.m. Friday on Amsterdam Ave. near 109th St. on Manhattan's Upper West Side.
The strike stems from an inability to reach a deal on a new four-year contract. The MTA and unions agreed to the terms of the first three years, but disputes arose about the final year.
A controversial plan would build one of nation's largest battery energy storage sites near homes on Staten Island. The state says the sites are critical to New York's push for cleaner energy, but how and where they're built remains a flashpoint.
Ahead of the 2026 RBC Brooklyn Half Marathon, some athletes are showing how simply reaching the starting line is a victory.
The NYPD said the crash happened at 6 p.m. Friday on Amsterdam Ave. near 109th St. on Manhattan's Upper West Side.
Glen Cove's hidden gem has been closed for nearly two decades, but it's finally reopening thanks to hard work from the community.
The weekend is set to be the warmest of the year so far with summer-like weather across the Tri-State Area.
Keep an umbrella nearby as there's a chance for showers across the New York and New Jersey area. But the weather will turn to sunshine and warm temperatures for the weekend.
The weather on Wednesday will be a mix of sunshine and clouds with the potential for a shower in New York City. In the evening, rain becomes more widespread.
An unsettled pattern continues through the entire Mother's Day weekend in the New York City area.
After summer-like warmth, rainy weather and cooler temperatures return to the New York City area mid-week.
With just weeks to go before the primary, voters in New Jersey's 7th Congressional District are wondering where their congressman is.
Macy's Fourth of July Fireworks will take place on both the lower East River near the Seaport and the lower Hudson River, in collaboration with Jersey City.
It was down to the wire for one lucky New Jersey lottery winner. A winning $5.9 million Pick-6 lottery ticket was just eight days away from expiring.
The weekend is set to be the warmest of the year so far with summer-like weather across the Tri-State Area.
For the first time ever, the World Cup final will host a Super Bowl-style halftime show, with megawatt headliners Madonna, Shakira and BTS.
The strike stems from an inability to reach a deal on a new four-year contract. The MTA and unions agreed to the terms of the first three years, but disputes arose about the final year.
Glen Cove's hidden gem has been closed for nearly two decades, but it's finally reopening thanks to hard work from the community.
Riders have been rerouted to Grand Central Terminal, which is much more crowded than usual since the electrical fire at Penn Station.
A coalition of five unions representing LIRR workers say they are prepared to walk off the job just after midnight tonight if there's no deal.
The MTA released a contingency plan with shuttles and drop-off destinations during the LIRR strike.
With just weeks to go before the primary, voters in New Jersey's 7th Congressional District are wondering where their congressman is.
New York Gov. Kathy Hochul proposed millions to keep the program open, but the reforms would cut reimbursement rates for private duty nurses.
Israeli Prime Minister Benjamin Netanyahu's government plans to file a defamation lawsuit against The New York Times.
President Trump is in Beijing meeting with China's President Xi Jinping, with the two leaders aiming to stabilize their trading relationship after last year's trade war.
Five months into Mayor Zohran Mamdani's term, a group of New York City's more moderate power brokers have announced plans to raise money, file lawsuits and work against the democratic socialist.
New York Gov. Kathy Hochul proposed millions to keep the program open, but the reforms would cut reimbursement rates for private duty nurses.
A New York native is among 16 American passengers who are quarantining in Nebraska after being on the cruise ship that is at the center of the deadly hantavirus outbreak.
American passengers on the MV Hondius cruise ship, which was hit with a deadly outbreak of the hantavirus, are back in the U.S. Three of the at least 10 people confirmed infected in the outbreak have died.
Three New Yorkers are among the 18 people being quarantined in Nebraska and Atlanta due to hantavirus concerns.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
The well-known film critic and journalist Rex Reed has died at 87.
"The Pitt" star Isa Briones is bringing heightened pride and Filipino presence to both stage and screen.
Broadway's "The Book of Mormon" has canceled two weeks of performances following a fire at the Eugene O'Neill Theatre.
Uzo Aduba and Darren Criss announced the 2026 Tony nominees for select categories on "CBS Mornings" on Tuesday.
Rihanna, Sabrina Carpenter, Madonna, and Beyoncé all wore their best looks to celebrate the "Costume Art" theme at the 2026 Met Gala. Here are some of the best moments, photos, and more from the night.
Cam Schlittler overpowered the New York Mets in his Subway Series debut.
Ahead of the 2026 RBC Brooklyn Half Marathon, some athletes are showing how simply reaching the starting line is a victory.
A.J. Ewing's first Major League home run sparked a comeback as the New York Mets completed a three-game sweep of the Detroit Tigers on Thursday.
Carson Benge delivered his first big league walk-off hit, a 10th-inning single, lifting the Mets past the Tigers 3-2 on Wednesday night.
Nicolás Fernández scored a goal in the eighth minute, Matt Freese had his fourth shutout this season, and New York City FC beat Charlotte FC 1-0 on Wednesday night.
Ahead of the 2026 RBC Brooklyn Half Marathon, some athletes are showing how simply reaching the starting line is a victory.
The Second Avenue Subway project has entered phase two of extending the "Q" line, but Harlem businesses say they're struggling to co-exist with the construction.
City Council members say requirement for transparent roll-down gates is burdensome for small businesses ahead of the July 1 enforcement deadline.
For more than four decades, residents living beside Brooklyn's District 13 Sanitation Garage in Coney Island have been waiting for the facility to move away from their homes.
There's a swim club in Harlem teaching kids a lifesaving skill, and they're turning timid swimmers into competitors.
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.
Lonnie Quinn has the Tri-State Area's updated nightly forecast on CBS News New York.
Controversy surrounded the plan to build one of the nation's largest battery energy storage sites near homes on Staten Island. CBS News New York's Mahsa Saeidi reports.
Investigators called 32-year-old Mohammad Baqer Saad Dawood Al-Saadi a worldwide terror leader. CBS News New York's Lisa Rozner reports.
The possible Long Island Rail Road strike would halt service for hundreds of thousands of commuters. CBS News New York's Andrew Ramos reports.
Two people were killed and three were critically injured when police said a driver crashed onto the sidewalk. CBS News New York's Adi Guajardo reports.
