Janet Yellen on the Great Recession
In 2009, as head of the San Francisco Fed, Janet Yellen gave an impassioned speech to staff about the thousands of Americans losing jobs during the Great Recession.
Economy
Fed chair says rate cuts unlikely in 2023
The Federal Reserve boosted its benchmark interest rate by 0.5 percentage point, marking its seventh consecutive hike this year. David Wessel, the director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joined John Dickerson to discuss the Fed's efforts to bring inflation down.
Inflation slows more than expected
Inflation slowed sharply in November, continuing a gradual decline since price hikes peaked across the U.S. this summer. Ed O'Keefe reports.
Stocks fall following latest rate hikes
The Federal Reserve raised interest rates by half a point Wednesday, and the Dow Jones Industrial Average index fell following the announcement before briefly spiking when Fed Chairman Jerome Powell said that he wouldn't rule out the prospect of a soft landing. J.D. Durkin, host of "TheStreet," joined CBS News to look back on the Fed's work in 2022 and discuss what Americans should expect in the coming year.
CPI report shows inflation slowing down
President Biden says the latest Consumer Price Index report is a sign that the country's economy is heading in the right direction. November's monthly index showed inflation is slowing, and the rate was not only lower than October's, but less than economists predicted. CBS News senior White House and political correspondent Ed O'Keefe has more on the administration's economic agenda and the celebratory plans for the signing of the Respect For Marriage Act into law.
Stocks soar on latest signs that inflation is slowing
Wall Street jumped after a government report showed U.S. inflation slowed more in November than analysts had expected.
Inflation cooled in November for fifth month
The annual inflation rate hit 7.1% in November, the fifth straight month that consumer prices cooled off. Lori Bettinger, president of BancAlliance, joins CBS News' Elaine Quijano and Lana Zak on how this could affect the Federal Reserve's announcement Wednesday on interest rates.
U.S. Inflation slightly cooling down
The Consumer Price Index rose 7.1% in November, down from 7.7% in October. The Federal Reserve is expected to announce another interest rate hike this week. CBS News reporter Sarah Ewall-Wice joins us with the latest on what this means for the economy.
Pace of U.S. wage growth slows
The pace of wage growth has shown signs of losing steam as investors look closely at the labor market and how it could affect the Federal Reserve's decision on interest rates. Erica Pandey, business reporter for Axios, joins CBS News' Lilia Luciano on why wages are rising at a slower rate.
Many taxpayers can expect smaller refunds
Many Americans should brace for smaller refunds next April, since several pandemic relief programs are set to expire. CBS MoneyWatch associate managing editor Aimee Picchi joins "CBS News Mornings" with the latest.
Feds expected to raise interest rates again
The Federal Reserve is set to meet this week to discuss another possible interest rate hike. The two-day meeting comes after Treasury Secretary Janet Yellen saying she predicts a significant reduction in inflation by the end of next year. Kristin Myers, the editor-in-chief at The Balance, joins CBS News to discuss.
Price increases slam holiday industries
Americans are expected to spend more to decorate and buy gifts for family and friends this holiday season. Scott MacFarlane reports that price increases are hitting the holiday industries, but people still want to spend this year to keep their traditions going.
ICYMI: A look back at Sunday's 60 Minutes
Janet Yellen on recession fears, inflation and the war in Ukraine; Families suing social media companies; Cape Town's College of Magic.
Janet Yellen: The 2022 60 Minutes Interview
The treasury secretary tells Norah O’Donnell how she thinks the economy will fare in the coming year and what her department is doing to end the war in Ukraine.
Jamie Dimon on Ukraine, China, homeownership and more
Jamie Dimon, the CEO of JPMorgan Chase, discusses the economic impact of Russia's war in Ukraine, China loosening its "zero COVID" policy, mortgage rates and more.
This week on "Face the Nation with Margaret Brennan," Dec. 11, 2022
J.P. Morgan Chase & Co. CEO Jamie Dimon, House Intelligence Committee Chairman Rep. Adam Schiff, and more, will appear on "Face the Nation with Margaret Brennan" this Sunday.
Wholesale prices rose in November
Wholesale prices rose 0.3% in November, despite efforts to cool inflation. The numbers could signal another interest rate hike by the Federal Reserve. Bob Elliot, the CEO and CIO of Unlimited, joins CBS News' Lana Zak and Tanya Rivero to discuss.
U.K. overhauls financial sector
The British government has announced an overhaul of financial regulations that were originally put in place following the 2008 financial crisis. And China eases its strict "zero-COVID" policies in an effort to bring down inflation. CBS News foreign correspondent Ramy Inocencio discusses with anchors Anne-Marie Green and Meg Oliver.
Analyzing inflation, stocks, cryptocurrency
According to the Bureau of Labor Statistics' Producer Price Index that was released today, the prices of wholesale goods in the U.S. rose 0.3% for the month of November. Meanwhile, investors are trying to remain optimistic about the stock market heading into 2023. CBS News contributor and Axios managing editor of business and markets Javier David joins us to discuss.
U.S. gas prices now lower than 1 year ago
Gas prices continue to fall and are now lower than they were one year ago. While plunging gas prices have provided some relief, Americans are still facing stubbornly high inflation. Kris Van Cleave takes a look.
Jamie Dimon warns of "mild recession"
JPMorgan Chase CEO Jamie Dimon spoke with "Face the Nation" moderator Margaret Brennan about the state of the economy and how geopolitical issues could play a role. He warned of a mild recession in 2023. Brennan joins CBS News' John Dickerson on "Prime Time" with more on the interview.
China's new COVID policy may aid supply chain
As Wall Street anticipates next week's Federal Reserve meeting, the market may have caught a break as China began to ease its strict "zero-COVID" policies. David Bahnsen of The Bahnsen Group joins CBS News to discuss why some investors are bullish on the effect of China's new policy.
China's trade takes a dive
China's trade is suffering its worst slump in nearly three years. The drop announcement comes as China rolls back its stringent COVID-19 policies following widespread protests. Marley Kayden, a business reporter and professor for DePaul University, joins CBS News to discuss how pulling back these policies could impact the Chinese economy. She also weighs in on what's expected at the Federal Reserve's next meeting.
Demand drops for goods from China
A report from CNBC says there's less demand in the U.S. for Chinese manufacturing. It comes as both the EU and the U.S. express concerns about reliance on China due in part to its ties to Russia. Keith Bradsher, Beijing bureau chief for the New York Times, joins "CBS News Mornings" to explain the shift and what that means for consumers and the economy.
Better to buy a real or artificial Christmas tree?
A real or artificial Christmas tree? Carter Evans takes a look at which one is better for your wallet and the environment.
Jane Doe's attorney says "she was incapable of consent," alleges cover-up
Christa Pike critically ill, intubated after botched execution, attorneys say
More details emerge about FlyDubai co-pilot who tried to crash plane
Live
Trump vows Iran war to end "very quickly" as more troops head to Mideast
Judge says federal law banning noncitizen voting is unconstitutional
Professor to present findings questioning whether Epstein killed himself
Trump says Europe will release "massive amount" of diesel oil from stockpiles
Photo of Jane Doe shared in Snapchat group on night of alleged rape
