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 has been under pressure from President Trump to lower the central bank's benchmark interest rate.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
Federal Reserve Chair Jerome Powell, who is testifying before Congress this week, said tariffs are "likely to push up prices."
The Federal Reserve said Wednesday it will maintain the benchmark interest rate at its current range of 4.25% to 4.5%
President Trump said he isn't planning on firing Federal Reserve chair Jerome Powell, one day after calling Powell a "major loser."
President Trump lashed out at Fed Chair Jerome Powell over interest rates, saying he should "certainly lower them now."
Federal Reserve Chair Jerome Powell said in a speech today that President Trump's tariffs are likely to boost U.S. inflation.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
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.
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.
Federal Reserve Chair Jerome Powell told a Senate panel that the economy has returned to its pre-pandemic level: "strong, but not overheated."
The latest CBS News poll found that 72% of Americans say higher prices have been a hardship or more difficult, and 63% rate the economy as fairly bad or very bad. Mark Strassmann on how voters are feeling amid the signs that inflation is cooling — but not fast enough for many Americans.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
With inflation finally falling from last year's record highs, the Federal Reserve declined to raise key interest rates for the first time in 15 months. Natalie Brand reports on how the move will affect consumers and whether we could see more rate hikes in the future.
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.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Investors cheered after U.S. consumer prices fell last month more than Wall Street expected.
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
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 Supreme Court is hearing two cases involving laws from Idaho and West Virginia that ban transgender athletes from participating in girls' and women's sports.
Defense Secretary Pete Hegseth says the Pentagon will start using Elon Musk's AI chatbot Grok. The word comes days after Grok drew global outcry for generating highly sexualized deepfake images.
A group of about 500 Berkeley residents who call themselves "The Alliance for Practical Fire Safety" has been pushing back on the effort to create a 5-foot barrier around their homes, known as Zone 0.
Four unions that represent the majority of Solano County workers are standing in solidarity over what they say they have been unsuccessful in negotiating their contracts with the county.
Around 5:30 p.m., police were alerted to a shooting at Estrella's Market, which is located at 10351 Old Redwood Highway. Two people were injured, and investigators believe they may have been targeted.
The Supreme Court is hearing two cases involving laws from Idaho and West Virginia that ban transgender athletes from participating in girls' and women's sports.
A group of about 500 Berkeley residents who call themselves "The Alliance for Practical Fire Safety" has been pushing back on the effort to create a 5-foot barrier around their homes, known as Zone 0.
Four unions that represent the majority of Solano County workers are standing in solidarity over what they say they have been unsuccessful in negotiating their contracts with the county.
Around 5:30 p.m., police were alerted to a shooting at Estrella's Market, which is located at 10351 Old Redwood Highway. Two people were injured, and investigators believe they may have been targeted.
The virus has infected elephant seals in the Southern Hemisphere, triggering what researchers describe as an unprecedented wildlife die-off. Researchers are now concerned it could affect elephant seals on the California coast.
Authorities on the Peninsula have arrested a man on probation on multiple charges after he allegedly stole copper wire from Caltrain tracks over the weekend.
Cries for regime change in Iran echoed through San Francisco on Sunday afternoon as more than a thousand Iranian-Americans and supporters gathered in front of the Ferry Building to show solidarity with protesters overseas.
Just after 2:30 p.m., the fire department said a car had crashed into a pole near Winston Drive and Junipero Serra Boulevard.
According to the SFMTA, a cable issue was affecting service.
The San Francisco Grateful Dead community is coming together after it was announced that one of the founding members, Bob Weir, has died at the age of 78.
A group of about 500 Berkeley residents who call themselves "The Alliance for Practical Fire Safety" has been pushing back on the effort to create a 5-foot barrier around their homes, known as Zone 0.
For decades, the city of Oakland has been plagued by illegal dumping, and even as crews cleaned up one particularly problematic site, it stood as a symbol of both the hope and despair of the problem the city faces.
On the 311 Service Request Hotline, the city of Oakland reported more than 25,000 calls for service at illegal dumping sites in 2025. And so far this year, they received more than 150 calls.
Alameda police said a large lizard was left behind by its owners when they moved out of the home.
The standoff ended when the suspect allegedly shot himself. According to the sheriff's office, the SWAT team heard a gunshot as they approached the home in their armored vehicle.
The two-alarm fire happened around 9 a.m. at a two-story apartment complex on the 500 block of Toyon Avenue.
The crash happened around 9 p.m. Friday on the 1700 block of Mission Street. According to police, a driver heading northbound hit a man who was crossing the street outside of a marked crosswalk.
Three teenagers were arrested in Santa Rosa after another teen was shot at a park on Friday, police said.
Authorities on California's Central Coast confirmed that a swimmer who went missing in Monterey Bay last month died from a shark attack.
Authorities in the South Bay are searching for a suspect after a woman was found fatally shot in a vehicle Wednesday night.
Around 5:30 p.m., police were alerted to a shooting at Estrella's Market, which is located at 10351 Old Redwood Highway. Two people were injured, and investigators believe they may have been targeted.
Just before 10:30 a.m., a man, believed to be in his 30s, was riding his bicycle on Piner Road, heading westbound, when he tried to cross the tracks that run through the roadway.
Police in Vallejo are searching for a driver who they said left the scene of a multi-vehicle crash in which a pedestrian was killed over the weekend.
Health officials in Sonoma County are urging the community to not eat and forage for wild mushrooms, following the poisoning death of a county resident.
The company is also doing fire rebuilds in Los Angeles. Currently, it is in the process of building 20 to 25 homes, including in the Palisades and Eaton wildfire zones, CEO Sasha Jokic said.
The U.S. Trademark Office is rejecting the A's request to trademark the "Sacramento Athletics" name.
Tomas Hertl had two goals and three assists, Jack Eichel also scored twice and the Vegas Golden Knights beat San Jose 7-2 on Sunday night, ending young Sharks star Macklin Celebrini's points streak at 13 games.
Nickeil Alexander-Walker scored 24 points, Jalen Johnson contributed 23 points, 11 rebounds and six assists and the Atlanta Hawks beat the Golden State Warriors 124-111.
The Eagles were eliminated from the playoffs in a 23-19 loss to the 49ers in the wild-card round of the NFL playoffs Sunday at Lincoln Financial Field.
San Francisco 49ers tight end George Kittle has been carted off the field with a right Achilles tendon injury.
Around 5:30 p.m., police were alerted to a shooting at Estrella's Market, which is located at 10351 Old Redwood Highway. Two people were injured, and investigators believe they may have been targeted.
For decades, the city of Oakland has been plagued by illegal dumping, and even as crews cleaned up one particularly problematic site, it stood as a symbol of both the hope and despair of the problem the city faces.
Authorities on the Peninsula have arrested a man on probation on multiple charges after he allegedly stole copper wire from Caltrain tracks over the weekend.
The standoff ended when the suspect allegedly shot himself. According to the sheriff's office, the SWAT team heard a gunshot as they approached the home in their armored vehicle.
Nearly four years after an East Bay woman was victimized in a six-figure cryptocurrency investment scam, police said much of the money has been recovered.
Defense Secretary Pete Hegseth says the Pentagon will start using Elon Musk's AI chatbot Grok. The word comes days after Grok drew global outcry for generating highly sexualized deepfake images.
Kaiser Permanente has reached a lawsuit settlement over alleged patient data breaches involving Kaiser websites and mobile applications, with members eligible to receive a payment from a $46 million settlement fund, the health care giant announced.
Nearly four years after an East Bay woman was victimized in a six-figure cryptocurrency investment scam, police said much of the money has been recovered.
Facebook owner Meta has named Dina Powell McCormick, a former Trump administration adviser and longtime finance executive, as its new president and vice chairman.
Google is souping up Gmail with features from its Gemini 3 AI app. Here's what to know — including how to opt out.
Kaiser Permanente has reached a lawsuit settlement over alleged patient data breaches involving Kaiser websites and mobile applications, with members eligible to receive a payment from a $46 million settlement fund, the health care giant announced.
Several East Bay hospitals that serve Alameda County's most vulnerable residents have issued layoff notices to staff, citing major federal cuts to Medicaid that administrators say will significantly affect their finances.
Health officials in Sonoma County are urging the community to not eat and forage for wild mushrooms, following the poisoning death of a county resident.
This week, the U.S. Centers for Disease Control and Prevention (CDC) issued new vaccination guidelines and now, some western states are telling people they're too dangerous to follow.
FDA-approved semaglutide drug is the first GLP-1 pill for weight loss available in the U.S., according to drugmaker Novo Nordisk.
The Supreme Court is hearing two cases involving laws from Idaho and West Virginia that ban transgender athletes from participating in girls' and women's sports.
Defense Secretary Pete Hegseth says the Pentagon will start using Elon Musk's AI chatbot Grok. The word comes days after Grok drew global outcry for generating highly sexualized deepfake images.
A group of about 500 Berkeley residents who call themselves "The Alliance for Practical Fire Safety" has been pushing back on the effort to create a 5-foot barrier around their homes, known as Zone 0.
Sen. Elizabeth Warren, a progressive Democrat from Massachusetts, said she told President Trump Congress could cap credit card rates if he pushes for it.
Democratic Sen. Mark Kelly filed a lawsuit against Defense Secretary Pete Hegseth seeking to block the Pentagon's efforts to downgrade his retirement rank and pay.
The billionaire and philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit focused on suicide prevention and advocacy for LGBTQ young people.
Oasis nightclub announced plans to close six months ago. New Year's Eve was slated for the final performance. A last-minute, multi-million dollar donation turned the final curtain call into an encore performance.
A 16-year FBI employee has filed a lawsuit alleging he was fired last month because he had a Pride flag displayed near his desk.
A group of transgender members of the U.S. Air Force and Space Force forced to leave active duty under the Trump administration's policies say their benefits were revoked in a rare move.
California state Sen. Scott Wiener of San Francisco announced Wednesday that he is running for Nancy Pelosi's congressional seat next year.
From historic wins to powerful speeches, here are the highlights and most memorable moments from the 2026 Golden Globes.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
The San Francisco Grateful Dead community is coming together after it was announced that one of the founding members, Bob Weir, has died at the age of 78.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
A woman who was found dead in San Francisco's Fairmont Hotel on New Year's Day has been identified as Victoria Jones, daughter of actor Tommy Lee Jones, officials said.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
After a chilly start, expect highs ranging from the low 60s to near 70 in the Santa Clara Valley. Jessica Burch has the forecast.
Amanda Hari reports on the Zone Zero fire mitigation plan in Berkeley and the political pushback. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Brian Hackney reports on avian flu possibly affecting elephant seals. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Kelsi Thorud reports on Niners fans. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Brad Hamilton reports on a smash-and-grab robbery at a San Jose mall. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.