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.
Federal Reserve Chair Jerome Powell said he's facing a federal criminal investigation. While Powell said the DOJ probe is tied to testimony he gave last summer over a renovations project for Fed buildings, he said a in a video released Sunday that "the threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president."
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
A 20-year-old Florida State University student opened fire on the school's Tallahassee campus Thursday, killing two people and wounding at least six others. Authorities later identified him as Phoenix Ikner. Events at the campus are canceled until at least Sunday after the Thursday shooting. Meanwhile President Trump has called for the termination of Federal Reserve Chairman Jerome Powell after his recent warning about how Trump's tariffs could affect the economy.
Federal Reserve Chairman Jerome Powell warned this week that President Trump's tariff plan could cause higher unemployment, inflation and a potential economic slowdown. Jim Donovan has your latest morning headlines with weather from Meteorologist Grant Gilmore.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
The Federal Reserve is leaving its benchmark interest rate unchanged as investors look for signals that a cut is imminent.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
S&P 500 suffered its biggest drop in two months after Fed chair Jerome Powell said rates will remain high "for some time."
Monday in the Philadelphia region will be Day 10 of the deep freeze as we continue to deal with brutally cold conditions.
A Delaware man is behind bars after he allegedly attacked two other men over a parking dispute, police say.
The previous regular-season attendance record of 20,711 was set in the WNBA by the Indiana Fever and Washington Mystics on Sept. 19, 2024.
Bad Bunny used his Grammy acceptance speech on Sunday to denounce U.S. Immigration and Customs Enforcement and call for the end of the ongoing immigration crackdown.
The 2026 Grammy Awards recognized the best of the best in music from last year. Here's the full list of winners and nominees.
Multiple people were seen walking on the frozen Schuylkill River in Philly Sunday, amid another day of freezing conditions in the Delaware Valley.
Monday in the Philadelphia region will be Day 10 of the deep freeze as we continue to deal with brutally cold conditions.
A Delaware man is behind bars after he allegedly attacked two other men over a parking dispute, police say.
The previous regular-season attendance record of 20,711 was set in the WNBA by the Indiana Fever and Washington Mystics on Sept. 19, 2024.
Bad Bunny used his Grammy acceptance speech on Sunday to denounce U.S. Immigration and Customs Enforcement and call for the end of the ongoing immigration crackdown.
The previous regular-season attendance record of 20,711 was set in the WNBA by the Indiana Fever and Washington Mystics on Sept. 19, 2024.
Crews continue to clean up from the storm that dumped 9 inches of snow on Philadelphia.
A Villanova student was charged with sexually assaulting another student, a university spokesperson said Sunday.
Multiple people were seen walking on the frozen Schuylkill River in Philadelphia Sunday, amid another day of freezing conditions in the Delaware Valley.
Jalen Hurts has been named to the Pro Bowl for the third time in his career, replacing Super Bowl-bound Seattle Seahawks quarterback Sam Darnold on the NFC roster.
Crossing guards in Gloucester City, New Jersey, are worried about their children navigating snowy, icy intersections.
These are the schools closing, opening late and moving to virtual learning on Thursday following the weekend snow.
A Delaware County man was arrested for allegedly stalking and harassing New Jersey Gov. Mikie Sherrill, U.S. Marshals said Wednesday.
Despite a sunny sky, South Jersey residents continue to dig out of the snow.
These are the schools closing, opening late and moving to virtual learning on Wednesday following the weekend snow.
A Delaware man is behind bars after he allegedly attacked two other men over a parking dispute, police say.
A teenager and a 21-year-old man were injured in a shooting in Wilmington Monday afternoon, police said.
Following Sunday's major winter storm, multiple businesses, organizations and event centers are staying closed on Monday.
With the Philadelphia region expecting a major snowstorm this weekend, here's the best choice of ice melt to keep you safe.
A major winter storm is headed to the Philadelphia region, forecast to bring at least 6 inches to the area. Here's what to know.
There's new hope for a devastating cancer in dogs that's often deadly because there are no early warning signs.
A Philadelphia nonprofit is finding job opportunities for people with mental health and intellectual challenges.
In New Jersey, nearly half a million people lost enhanced Affordable Care Act tax credits this year, but the impact goes far beyond those who got the credits.
Hospitals in the Philadelphia area are seeing an increasing number of injuries related to the winter weather.
Four-year-old Jackson Roberts isn't able to smile on his own because of a condition called Moebius syndrome.
Former Sheetz president and CEO Steve Sheetz has died at age 77, the Altoona-based company announced on Monday.
The post-Christmas return rush was underway at shops and malls across the Philadelphia area.
With product return fraud on the rise, an emerging company is using AI to help spot issues.
Here are mall opening and closing hours for the Christmas and Christmas Eve holidays around the Philly region.
Through Amazon Now, customers can get household items, cosmetics, electronics, groceries and more delivered in about 30 minutes or less.
Traffic is starting to move again on Roosevelt Boulevard after a fatal crash shut down the road in both directions Friday morning.
Snow-covered sidewalks, freezing temperatures and more have made commutes challenging for many public transit riders across Philadelphia.
Philadelphia is closing several roads in Center City Tuesday night to remove snow after a winter storm dumped nearly 10 inches over the weekend.
Transportation service will ramp up gradually Monday across the Philadelphia area following the weekend snowstorm.
A multi-vehicle crash on Lincoln Drive in Philadelphia left one person dead and four other people injured Thursday night.
The previous regular-season attendance record of 20,711 was set in the WNBA by the Indiana Fever and Washington Mystics on Sept. 19, 2024.
Joel Embiid won't be joining Tyrese Maxey in the 2026 NBA All-Star Game.
A Villanova student was charged with sexually assaulting another student, a university spokesperson said Sunday.
Jalen Hurts has been named to the Pro Bowl for the third time in his career, replacing Super Bowl-bound Seattle Seahawks quarterback Sam Darnold on the NFC roster.
Joel Embiid scored 40 points to help the 76ers win just hours after Paul George was suspended for violating the NBA's anti-drug policy.
Bad Bunny used his Grammy acceptance speech on Sunday to denounce U.S. Immigration and Customs Enforcement and call for the end of the ongoing immigration crackdown.
The 2026 Grammy Awards recognized the best of the best in music from last year. Here's the full list of winners and nominees.
Complete closure of the performing arts center in Washington, D.C., will start on July 4, Mr. Trump said in a social media post.
Music's biggest night returned Sunday with the 68th annual Grammy Awards. Here is how to watch and stream and what to know.
Catherine O'Hara was best known for her comic performances in projects including "Home Alone," "Beetlejuice," and "Schitt's Creek."
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
Middle school students in Philadelphia got the opportunity to do hands-on learning during the school district's five-day career and technical camp.
With her Girl Talk mentoring program, one Philadelphia teen turned her camp days into a safe space to discuss social issues young girls face every day.
Recent high school graduate Sylvain Farrell says his temporary position at a local clinic is the pathway to a full-time career.
A Philadelphia student won an award from NFL Films for his documentary on bringing back sports teams at his Kensington school.
A group of East Norriton eighth graders took what started as an Earth Day project and made a whole initiative.
Andrew Kozak has the latest NEXT Weather forecast for the Philadelphia region on a frigid Monday.
Tinicum Tim, a groundhog puppet at John Heinz Wildlife Refuge, predicted a longer winter Sunday morning before Groundhog Day.
Keon King, the man charged with murdering Kada Scott in Philadelphia, is due in court Monday morning.
CBS News Philadelphia's cameras were near the Falls Bridge at the Schuylkill River Sunday afternoon, when multiple people were spotted walking on the icy river.
Xfinity Mobile Arena transformed into a family fun zone Sunday for the Flyers' Charities Carnival event.