Alan Greenspan, Fed chair under 4 U.S. presidents, dies at age 100
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
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Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
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.
Ruth Hicks, 42, has been charged after her 4-year-old child was shot with a gun she left in her purse.
The restaurant will be closed temporarily until further notice.
A beautiful waterfall sits behind the green, offering a beautiful view at the end of a difficult round of golf.
The National Weather Service said severe storms could hit between 12 p.m. and 8 p.m. on Tuesday.
Jazz Chisholm Jr. homered in consecutive at-bats against All-Star Braxton Ashcraft and drove in five runs, powering the Yankees to an 8-5 victory over the Pirates on Monday night.
Severe weather could move through western Pennsylvania between 12 p.m. and 8 p.m. today.
PennDOT District 11 Executive Jason Zang said that the Parkway could reopen sometime next week.
Ruth Hicks, 42, has been charged after her 4-year-old child was shot with a gun she left in her purse.
The restaurant will be closed temporarily until further notice.
Chelsea Miller, a beloved teacher in Warren County, Ohio, died unexpectedly, Lebanon City Schools said on Facebook.
Pittsburgh Fire Chief Darryl Jones, who has been on paid administrative leave, will retire after a review of his bureau.
Lawmakers are one step closer to making daylight saving time permanent after the House passed a bill with overwhelming support.
The measure also allows states to opt out if they take action before the federal law is enacted.
Sen. Mitch McConnell released a statement on his health on Sunday along with a photo of himself and his wife, Elaine Chao, after questions swirled about his condition.
President Trump paid tribute to the late senator Lindsey Graham, a Republican from South Carolina, who had just returned from a trip to Ukraine.
A Westmoreland County family said having a secret room is not as cool as it sounds, after finding a large void under their garage built by Ryan Homes
Last year, Americans received nearly 30 billion scam robocalls and text messages.
The Pennsylvania Turnpike Commission approved a 3.5% toll increase that goes into effect on January 3, 2027.
After about three dozen Allegheny County home deeds were fraudulently put into an LLC's name, experts are sharing tips for protecting yourself.
Giant Eagle has remained the dominant grocer in southwestern Pennsylvania for more than 40 years, and one of those reasons was the exit of Kroger.
These days, we’re all scrolling social media, sharing photos, celebrating milestones, and posting without thinking twice. But if you’re involved in a legal case, that innocent post could become evidence.
Recipe for Hope is where Pittsburgh celebrities team up with top local chefs to cook for a cause. The woman who started it all — and who’s been guiding us through morning traffic for decades — Bonny Diver is here to talk about the event's 20-plus years!
We’ve heard and probably said the saying, "kids these days,” but we’re flipping the script and talking about "adults these days.”
Dr. Mike Hutchinson talks about the questions pet owners are sometimes too nervous to ask.
Mikey Hood joins David Highfield to talk about their weekends, plus we're in for another round of Squirrel Patrol!
Developers want to fill the former Vincentian Marion Manor facility in Banksville with new townhomes.
A Westmoreland County family said having a secret room is not as cool as it sounds, after finding a large void under their garage built by Ryan Homes
Allegheny County is facing a major financial crisis.
It costs a lot of money to keep houses of worship safe.
Over the past several years, neighbors in one Pittsburgh-area community say they've found dozens of dead birds at the base of a single telephone pole.
Western Pennsylvania remains one of the most heavily impacted regions across the country for tick-borne illnesses.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
Pennsylvania is under a statewide Code Purple air quality alert on Friday because of smoke from the wildfires in Canada and Minnesota. But what does that mean?
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Wildfire smoke is causing hazardous air quality in the Pittsburgh area, prompting a warning from health officials.
A beautiful waterfall sits behind the green, offering a beautiful view at the end of a difficult round of golf.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
Jazz Chisholm Jr. homered in consecutive at-bats against All-Star Braxton Ashcraft and drove in five runs, powering the Yankees to an 8-5 victory over the Pirates on Monday night.
Mark Kulbis is also facing misdemeanor counts of involuntary manslaughter and reckless endangerment in the death of Calvin "CJ" Dickey Jr.
Water surrounds the left side of the challenging 5th hole at Greensburg Country Club.
The Colorado-based Voyager Technologies has officially acquired Astrobotic, the aerospace company located on Pittsburgh's North Side.
Giant Eagle has remained the dominant grocer in southwestern Pennsylvania for more than 40 years, and one of those reasons was the exit of Kroger.
A major healthcare merger is now official.
The Kroger Company announced the acquisition of Giant Eagle on Wednesday morning.
Schewbel's is closing after 120 years, meaning Giant Eagle will have to find a new bakery to make its branded bread.
The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
The new movie "Young Washington" opened over the Fourth of July weekend, earning more than $20 million at the box office and becoming the nation's top live-action film.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
It's shaping up to be a busy holiday weekend across western Pennsylvania, which includes the Westmoreland Arts and Heritage Festival.
Get the latest weather forecast from KDKA-TV First Alert Meteorologist Ron Smiley!
The Pentagon has identified two U.S. Army soldiers killed in an Iranian strike on a military base in Jordan over the weekend. The Pentagon said Monday that 19-year-old Pvt. Isabella Gonzales of Carrollton, Texas, was killed in action on Friday during an attack on Muwaffaq Salti Air Base in Jordan, and that 1st Lt. Tyler James Feehan, 25, of Ewa Beach, Hawaii, was killed in action on Saturday.
A tractor-trailer caught on fire on Monday in Westmoreland County, Pennsylvania.
Stay on top of the weather in the Pittsburgh area with First Alert Meteorologist Ray Petelin's forecast.
Le'Veon Bell, a former NFL All-Pro running back, was arrested in Ohio.
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.
