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.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
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 is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
As Americans collected government aid and saved, new numbers show household wealth surged during the pandemic.
As Americans collected government aid and saved, new numbers show household wealth surged during the pandemic.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
House prices just ended a 10-year streak, marking the first monthly year-over-year price drop since 2012.
A new economic report could pressure the Federal Reserve to raise interest rates again.
The U.S. Census Bureau said retail sales surged 3% in January. That surpasses the 1.8% economists had estimated, and it follows a slight decline in December.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
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.
The Federal Reserve boosted interest rates again in a move to slow the inflation rate.
If we are headed for a recession, here's what you need to know to protect your pocketbook.
If we are in fact headed for a recession, what are some things you can do to make sure you "recession-proof" yourself? KDKA's John Shumway has some advice.
Pittsburgh Councilmember Barb Warwick said that officers in Zone 4 will be increasing patrols at religious institutions.
The United States wasted little time showing how potent its roster could be at the upcoming World Baseball Classic.
Two men arrested in connection with a weekend shooting inside a Cincinnati nightclub that left nine people wounded are facing federal charges.
The Mars Area school board voted 7-2 on Tuesday to hire Zachary Benedek to replace Eric Kasperowicz as the high school football coach.
Marat Khusnutdinov and Casey Mittelstadt scored less than a minute apart early in the first period and the Boston Bruins held on for a 2-1 victory over the Pittsburgh Penguins on Tuesday night.
Pittsburgh Councilmember Barb Warwick said that officers in Zone 4 will be increasing patrols at religious institutions.
The United States wasted little time showing how potent its roster could be at the upcoming World Baseball Classic.
Two men arrested in connection with a weekend shooting inside a Cincinnati nightclub that left nine people wounded are facing federal charges.
The annual KDKA Fish Fry Guide is back for Lent! Check our listings for a 2026 fish fry near you in Pittsburgh.
The Mars Area school board voted 7-2 on Tuesday to hire Zachary Benedek to replace Eric Kasperowicz as the high school football coach.
President Trump said he expects the bombing campaign to last four to five weeks, but "we have [the] capability to go far longer than that."
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
President Trump posted on social media that Iranian Supreme Leader Ayatollah Ali Khamenei had been killed after a massive U.S. and Israeli military operation Saturday.
Americans weighed in on how long a conflict with Iran might last and what Congress should do.
Early on Saturday, the U.S. and Israel launched a military operation in Iran, and Pennsylvania's elected officials have responded.
There are always deals to be had at places like Sam's Club and TJ Maxx, but there are ways to get even bigger discounts.
Ollie's Bargain Outlet in Greensburg has temporarily closed after the Pennsylvania Department of Agriculture found a rodent infestation this week.
Lawmakers in Harrisburg are looking at bills to tackle dynamic pricing.
Each year, the American Customer Satisfaction Index releases its survey of supermarkets, and several Pittsburgh grocers got high marks.
Former patients of Dr. Carl Medgaus are running out of time to try to recover money for unfinished dental work.
Chef Crystal Baldwin is here to spice things up with a flavorful Moroccan salmon that might just become your new Friday tradition.
Pittsburgh’s past is coming to life with a swirl of cocktails, the hum of live music, and the delicious aroma of local bites! Daisy Jade was live at the Heinz History Center with a sneak peek.
PTL hosts Heather Abraham and David Highfield discuss Pittsburgh culture, trending news and social media, food, sports, and more.
Antiques appraiser Dr. Lori is examining more of your family treasures and heirlooms.
Bubba from 100.7 STAR joins PTL for another edition of Pop Talk Live!
From freshly washed cars to air conditioning units to entire porches, dust is blanketing one Westmoreland County neighborhood.
Former patients of Dr. Carl Medgaus are running out of time to try to recover money for unfinished dental work.
The Woodland Hills school board has been a lightning rod of controversy since putting Superintendent Joe Maluchnik on administrative leave three months ago.
Almost suddenly, Allegheny County has seen a dramatic drop in the number of people dying.
News organizations in the Pittsburgh area are coming together to help each other survive.
Fish fries can be a quandary for people with heart and other medical issues.
With a measles outbreak in Pennsylvania, local health experts want to send a message to families.
Cracking down on the price of prescription drugs is a hefty task.
The advisory, issued on Saturday, affected thousands of customers in Allegheny and Washington counties.
Pennsylvania American Water said that a first round of testing came back negative and an update can be expected late Monday morning.
The United States wasted little time showing how potent its roster could be at the upcoming World Baseball Classic.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
The Mars Area school board voted 7-2 on Tuesday to hire Zachary Benedek to replace Eric Kasperowicz as the high school football coach.
Marat Khusnutdinov and Casey Mittelstadt scored less than a minute apart early in the first period and the Boston Bruins held on for a 2-1 victory over the Pittsburgh Penguins on Tuesday night.
Pittsburgh has fired women's basketball coach Tory Verdi.
A fire chief says a fire at an Ohio hog farm complex has killed about 6,000 pigs and unleashed a large plume of smoke that could be seen for miles.
Lawmakers in Harrisburg are looking at bills to tackle dynamic pricing.
The budget airline Breeze is launching a new nonstop route from Pittsburgh to Myrtle Beach this summer.
The lawsuit accuses Nippon of prioritizing revenue over worker safety.
West Virginia took a major step in the fight against child pornography Thursday, after the state filed a first lawsuit of its kind against Apple.
The countdown is on, as the NFL Draft comes to Pittsburgh and America turns 250 years old.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
The medical drama "The Pitt" has certainly put a lot of eyes on Pittsburgh, and while the stories are fiction, the show highlights some very real things about the city.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
A Romanian court on Thursday rejected an appeal by American rapper Wiz Khalifa to annul his nine-month jail sentence handed down for drug possession.
An Indiana County woman is facing charges after police said a dog with two pelvis fractures and several chicken bones in its stomach was found abandoned on the side of the road.
KDKA-TV's Rich Walsh and 93.7 The Fan's Andrew Fillipponi discuss the sports topics of the day.
The Pentagon released the names of four Army Reserve soldiers who were killed in a drone attack in Kuwait over the weekend, marking the first U.S. deaths in the conflict with Iran.
Stay on top of local weather with First Alert Meteorologist Ray Petelin's forecast!
A Pittsburgh-area boy set out to collect 300 cereal boxes to help feed classmates in need. But he's crushed his goal, thanks to KDKA-TV viewers.
Mike Tomlin stepped down as head coach of the Pittsburgh Steelers after 19 seasons with the team.
Pitt's regular season has ended with an 8-4 record.
Pitt's five-game winning streak came to an end with a 37-15 loss to Notre Dame.
Mason Heintschel set a new Pitt freshman single-game passing record in the Pitt win at Acrisure Stadium.
The 44th annual KDKA-TV Turkey Fund will help our neighbors in need have a nice meal for Thanksgiving.
