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.
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.
Some New Yorkers are realizing their neighbors have been neglecting one very vital chore: picking up after their dogs.
An immigration judge has dismissed the Trump administration's deportation case against Mohsen Mahdawi, a Palestinian graduate student and Columbia protest leader.
In Harlem, a hall-of-famer gymnast is inspiring the next generation in the sport.
A New York City father's plea to save his son's life went viral and gave a big boost to the bone marrow registry, but they still haven't found a match.
Multiple rezonings in Queens are paving the way for tens of thousands of new units, but some residents worry about how it could affect their communities.
Some New Yorkers are realizing their neighbors have been neglecting one very vital chore: picking up after their dogs.
In Harlem, a hall-of-famer gymnast is inspiring the next generation in the sport.
A New York City father's plea to save his son's life went viral and gave a big boost to the bone marrow registry, but they still haven't found a match.
Multiple rezonings in Queens are paving the way for tens of thousands of new units, but some residents worry about how it could affect their communities.
A teenager who fell 50 feet into a shaft of the Queensboro Bridge on Monday was trying to perform a TikTok challenge, police sources say.
A dense fog advisory is in place on Wednesday morning for most of the New York and New Jersey area, while an air quality alert also continues.
Accumulating snow will return to the New York City area Sunday evening into Monday morning.
Valentine's Day will be mild in the New York City area, but snow may be on the way to end the weekend.
New Yorkers felt much better on Tuesday as a warm front moved toward the region. But, snow and ice could make for a potentially dangerous evening.
A Cold Weather Advisory is in place through 10 a.m. on Monday for the entire Tri-State Area. As a result, a First Alert Weather Day will be in play for at least part of the day.
New Jersey's acting attorney general won't ask the state Supreme Court to review the dismissal of racketeering charges against Democratic power broker George E. Norcross III and those charged alongside him.
Springsteen is taking his "Land Of Hope And Dreams American Tour" nationwide starting in the spring.
Diners have been apart of New Jersey's DNA for decades. Now many are struggling, but lawmakers are looking to give them a lifeline.
The Trump administration halted funding for the critical Gateway Tunnel Project, and the president said as recently as Monday on social media he was concerned about the project being over budget and not on time.
A dense fog advisory is in place on Wednesday morning for most of the New York and New Jersey area, while an air quality alert also continues.
A dense fog advisory is in place on Wednesday morning for most of the New York and New Jersey area, while an air quality alert also continues.
Accumulating snow will return to the New York City area Sunday evening into Monday morning.
Potholes are causing even more crashes on an already dangerous stretch of New York 25 on Long Island, officials say.
Hicksville is New York's first school district to ban e-bikes after alarming statistics revealed at least 12 people, mostly young Long Islanders, died on them in the past three years.
It has been a brutal viral season, but as RSV cases surged in New York, Northwell Health doctors say infant hospitalizations remained down, thanks to a fairly new vaccine.
An immigration judge has dismissed the Trump administration's deportation case against Mohsen Mahdawi, a Palestinian graduate student and Columbia protest leader.
New Jersey's acting attorney general won't ask the state Supreme Court to review the dismissal of racketeering charges against Democratic power broker George E. Norcross III and those charged alongside him.
The Trump administration halted funding for the critical Gateway Tunnel Project, and the president said as recently as Monday on social media he was concerned about the project being over budget and not on time.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
New York City Mayor Zohran Mamdani unveiled his preliminary financial plan on the heels of the announcement that the state will give the city $1.5 billion to help fix a massive budget shortfall.
NYSNA ratified contracts with Montefiore and Mount Sinai, clearing the way for nurses to return to work Saturday after walking off one month ago.
The longest and largest nurses strike in New York City history is set to end after over three weeks as NYSNA says it has a tentative agreement.
Mount Sinai Health System and Anthem Blue Cross Blue Shield failed to reach a contract agreement by Dec. 31, which means about 9,000 physicians are no longer considered in-network.
Brooklyn's Green-Wood Cemetery is set to become the first on the East Coast to offer human composting.
The goal is to get patients drunk and high at a new research lab on the border of Nassau County and Queens.
Springsteen is taking his "Land Of Hope And Dreams American Tour" nationwide starting in the spring.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
New York City Department of Environmental Protection said there was a "significant reduction in water usage" throughout the Big Apple during his show. That changed as soon as his performance ended.
Catherine O'Hara, known for her roles in "Home Alone," "Schitt's Creek" and "Beetlejuice," died on Jan. 30 at the age of 71.
In Harlem, a hall-of-famer gymnast is inspiring the next generation in the sport.
Elana Meyers Taylor has won her first Olympic gold in women's monobob, and she made history as the oldest American woman to do it at the Winter Games.
Cleveland Browns safety Ronnie Hickman was assaulted inside a New York City hotel on Monday morning, officials said.
The short-handed Indiana Pacers beat the Brooklyn Nets 115-110 on Wednesday night.
Jose Alvarado scored a season-high 26 points and Mikal Bridges added 22 points as the New York Knicks beat the Philadelphia 76ers 138-89 Wednesday night.
Multiple rezonings in Queens are paving the way for tens of thousands of new units, but some residents worry about how it could affect their communities.
Residents and skate advocates clash over a proposed Mount Prospect Park skate facility, as city officials promise an updated design this spring.
A Brooklyn community is fighting to turn a forgotten landmark into a heritage center.
Edward R. Murrow High School's new boiler system cuts emissions while doubling as a hands-on sustainability lesson for students.
LUAR Creative Director Raul López says Lady Gaga's salsa-inspired dress in Bad Bunny's Super Bowl halftime show was a moment of pride for Caribbeans and Latinos.
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.
Historians believe 10 crucial days in New Jersey made the difference between victory and defeat in the American Revolutionary War. CBS News New York's Mary Calvi reports.
Ash Wednesday is one of the busiest days on the Catholic calendar as worshippers will be coming to St. Patrick's Cathedral in Manhattan to receive ashes. CBS News New York's Christina Fan reports.
The DNA found on a glove near Nancy Guthrie's home didn't match anyone in the national system. CBS News Jared Hill has more on the search for answers.
Wednesday marks the start of Ramadan for Muslims worldwide. The daily fast includes abstaining from all food and drink from dawn to sunset.
It's a foggy start to Wednesday, and there will be on-and-off showers during the day. CBS News New York's Tony Sadiku has the Wednesday morning forecast.
