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.
PennDOT is utilizing its Western Regional Traffic Management Center to stay one step ahead of trouble on detour routes during the closure of the Parkway East.
Three people are facing charges after a naked child was found walking on a road in Lebanon County, Pennsylvania.
Jacob Huber, 24, died at the scene after his vehicle was hit head-on by another vehicle that was driving the wrong way on the highway.
The 7th hole at Seven Oaks is one of the biggest tests on the course, a challenging par 5.
The crash happened Monday evening along Fezell Road in New Sewickley Township.
During the Parkway East closure, PennDOT is encouraging drivers to use a website that provides updates on how traffic is flowing around the I-376 detours.
A major, nearly monthlong closure of Pittsburgh's Parkway East is underway, detouring hundreds of thousands of drivers.
Monday was the first workday during the highly anticipated Commercial Street Bridge replacement project.
PennDOT is utilizing its Western Regional Traffic Management Center to stay one step ahead of trouble on detour routes during the closure of the Parkway East.
Three people are facing charges after a naked child was found walking on a road in Lebanon County, Pennsylvania.
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 landmark housing bill automatically became law overnight after President Trump declined to sign it.
Pennsylvania Sens. Dave McCormick and John Fetterman have formed a joint fundraising committee.
Sen. John Fetterman condemned his colleagues who continued backing Graham Platner amid a string of scandals.
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.
A major healthcare merger is now official.
The Pittsburgh Foundation’s One Day of Giving will take place on Tuesday, Aug. 4. Your donation can help more than 200 local nonprofits providing essentials like food, shelter, healthcare, and childcare. Today, Daisy Jade heads to the Rainbow Kitchen Community Services in Homestead, where they’ve been serving the Mon Valley with meals, hope, and support for more than 40 years.
Bruster’s brings out some new flavors just in time for National Ice Cream Day, and if you’re lucky, you may be able to score free ice cream for a year!
Heather takes us over to a fantasy mobile book vendor to explore the possibilities at the upcoming Brighton Heights Book Fair.
Dr. Lori brings us some antique metals. Do you know what they’re worth?
Heather and David are getting an early taste of Picklesburgh for today’s Taste It Tuesday!
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.
Two years after Pittsburgh struggled to turn on public water fountains, the city says just about every operable fountain is now working.
Some residents in Westmoreland County are voicing their frustrations over speculation on data centers.
There are several data centers on the drawing boards in southwestern Pennsylvania, raising concerns about noise and pollution.
Allegheny County is facing a major financial crisis that leaders are unsure how to address.
September marks the beginning of National Prostate Cancer Awareness Month in the United States.
For the eighth year, a mobile dental clinic is back in Pittsburgh, providing free preventive dental care for those living in underserved communities.
A major healthcare merger is now official.
Representatives from UPMC and Allegheny County Public Safety held a demonstration to encourage firework safety in Pittsburgh.
When you hear you're diagnosed with cancer, it can be overwhelming. It can leave questions, anger and a feeling of seclusion.
The 7th hole at Seven Oaks is one of the biggest tests on the course, a challenging par 5.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
Mystic Rock, which hosted the 84 Lumber Classic for many years, remains one of the best championship courses in western Pennsylvania.
Mark Kulbis is also facing misdemeanor counts of involuntary manslaughter and reckless endangerment in the death of Calvin "CJ" Dickey Jr.
Paul Skenes won his second straight start after going winless for nine in a row.
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.
A federal judge has extended his block on enforcement of an Ohio law that would require children under 16 to get parental consent to use social media apps while a legal challenge proceeds.
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.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
Get the latest weather forecast from KDKA-TV First Alert Meteorologist Mary Ours!
While its name is changing, Astrobotic's mission isn't.
PennDOT utilizes a real-time traffic center to try and stay ahead of issues that pop up on the detours during the 25-day closure of the Parkway East.
Jacob Huber, 24, died at the scene of the crash.
The Pittsburgh Foundation’s One Day of Giving will take place on Tuesday, Aug. 4. Your donation can help more than 200 local nonprofits providing essentials like food, shelter, healthcare, and childcare. Today, Daisy Jade heads to the Rainbow Kitchen Community Services in Homestead, where they’ve been serving the Mon Valley with meals, hope, and support for more than 40 years.
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.
