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In a conversation with Scott Pelley about the economic outlook, Powell also commented on the fallout from the Archegos Capital collapse, last year's bailout of money market funds, and the potential development of a U.S. digital dollar.
Federal Reserve Chairman Jerome Powell gives his thoughts on how the economy is rebounding from the COVID-19 pandemic. Scott Pelley reports.
Pelosi, however, batted down the suggestion that the $2 trillion plan be trimmed down to earn Republican support.
House Speaker Nancy Pelosi says Democrats' "hand is extended" to Republicans as Congress prepares to act on President Biden's infrastructure proposal.
CBS News senior national correspondent Mark Strassmann reports from Georgia on COVID-19's impact on the U.S. economy.
Powell spoke with Scott Pelley Wednesday for a report airing tonight on 60 Minutes.
The French have taken to showing national symbols in defiance of the Paris attacks. This is great for flag makers, but as CBS correspondent Elizabeth Palmer reports, much of the rest of the economy is struggling.
U.S. intelligence officials say it was "likely a bomb" that brought down the Russian passenger jet over Egypt, but they can't be entirely sure since they haven't examined the evidence first-hand; tattoos are no longer rare, you can find them in nearly every segment of society
The labor department announced the U.S. economy added 271,000 jobs last month, the strongest growth so far this year. Unemployment dropped to five percent, the lowest since 2008. Now that salaries are starting to go up, new employee perks are being offered as well. Jill Schlesinger has a report.
Now that 271,000 jobs were created in October and unemployment has dropped to five percent, Anthony Mason discusses how the good news may push interest rates up.
President Biden unveiled the first part of his multi-trillion dollar economic agenda this week, announcing $2 trillion for upgrading America's infrastructure. Jacob M. Schlesinger, a senior Washington correspondent for the Wall Street Journal, discusses Biden's unique approach to the plan.
In a first for a major economy, China has created its own form of digital currency. Some economists say this will boost the yuan's global presence and also potentially weaken the dollar. Emily Parker, managing director at Coindesk, joins CBSN's Tanya Rivero with a closer look at the potential impact.
More than 1.2 million public sector workers are out of a job thanks to the pandemic.
On "Facing Forward," Margaret Brennan talks with IMF Chief Economist Gita Gopinath on worldwide recovery efforts in the fallout of the coronavirus pandemic.
Watch the complete broadcast of the very first edition of "Sunday Morning," hosted by Charles Kuralt, from January 28, 1979. Features include commentaries on the economy and books; Vietnamese refugees facing a new life in Phoenix; and Kuralt goes "On the Road" to meet Tom Scribner, a former lumberjack who makes music on the saw. (Part 2 of 3.)
Christiana Figueres, the U.N.'s head of global climate negotiations, says reaching a deal to reduce carbon emissions is finally within reach because it's in every country's economic interests to do so. She spoke with CBS News about how the U.S. could benefit from leading the way.
China’s stock market is trying to recover after its recent meltdown. Norah O’Donnell spoke with the former chairman of the Federal Reserve, Ben Bernanke, who discussed the country with the world’s second largest economy and if it could pose a risk to the U.S. economy. Watch the full report this Sunday, September 27 on “Sunday Morning.”
Powell called global vaccination efforts "not only the right thing to do, it's also the smart thing to do."
"No one would have believed you," U.S. Treasury Secretary Jack Lew tells "CBS This Morning" anchor Norah O'Donnell, if you had predicted 5.1% unemployment and 13 million jobs created. Lew went on to explain he still worries "a lot."
Some Americans still do not have proper access to high-speed internet, which puts a strain on the economy and is leaving minorities and low-income families with an education deficit. President Biden's $3 trillion infrastructure plan could begin to tackle the issue, but there is still more to be done. CBS News political contributor and BluePrint Strategy founder Antjuan Seawright and Simmons University associate professor Colin Rhinesmith joined CBSN's Lana Zak to discuss.
Polls show half of New York City's likely voters are still undecided about who they'll back in the June 22 Democratic primary for mayor. Ray McGuire is one of eight major candidates seeking the nomination. He spoke with CBSN's Tanya Rivero about the race and why he believe he's the best fit for the nation's biggest city.
Governor Gavin Newsom said the Golden State must keep the COVID vaccine supply sufficient and keep hospitalizations stable and low.
In minutes, the Dow was down more than 1,000 points on Monday, closing down more than 588 points. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss what's behind the market upheaval.
Markets had a mercurial Monday morning amid myriad worries about the global economy. Money Map Press Chief Investment Strategist Keith Fitzgerald has analysis for CBSN.
One of the longest bull markets in U.S. history could be over as the Dow Jones Industrial Average has fallen more than 10 percent from its peak in May. Bad economic news from China has fueled sell-offs around the world. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss the latest.
As the Trump administration signals hope for a possible deal, Iran says obstacles linger, and "frequent changes" in U.S. positions aren't helping.
"I think it's just disrespectful to those that I served with who didn't come back," a veteran suing to stop construction of the arch told CBS News.
California crews conducted an overnight operation at the site of a chemical leak in Orange County and said Monday that the threat of an explosion is "off the table."
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
Attorney General Todd Blanche said the ballroom is "being constructed for the physical safety and security of all Presidents, their families, staff, Foreign Dignitaries, and guests."
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
The thieves stole jewelry, high-end watches and souvenirs such as sports jerseys, among other belongings, police said.
The Justice Department acknowledges it has removed from its website news releases about criminal cases related to the Jan. 6, 2021 riot, calling the information "partisan propaganda."
The WHO chief says there have been 220 suspected deaths in the ongoing Ebola outbreak as Ugandan health authorities report two new Ebola infections.
Emergency crews raced overnight to prevent a tank holding a volatile industrial chemical from exploding at an aerospace facility in Southern California.
Here are the financial considerations to make when shopping for a new vehicle amid high car prices.
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
The American Music Awards celebrate fan favorites in the music world and feature performances from multiple artists.
"I think it's just disrespectful to those that I served with who didn't come back," a veteran suing to stop construction of the arch told CBS News.
Here are the financial considerations to make when shopping for a new vehicle amid high car prices.
Most retail stores will be open for business on Memorial Day, while post offices will be closed. Here's what to know.
Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.
Rep. James Comer is requesting information from Kalshi and Polymarket on how the prediction markets guard against insider trading.
Kevin Warsh has vowed to preserve the Fed's independence over monetary policy, telling lawmakers he will never "predetermine" interest rates at the president's request.
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
Attorney General Todd Blanche said the ballroom is "being constructed for the physical safety and security of all Presidents, their families, staff, Foreign Dignitaries, and guests."
The Justice Department acknowledges it has removed from its website news releases about criminal cases related to the Jan. 6, 2021 riot, calling the information "partisan propaganda."
"I think it's just disrespectful to those that I served with who didn't come back," a veteran suing to stop construction of the arch told CBS News.
New Jersey Gov. Mikie Sherrill is asking ICE to let her inside the Delaney Hall detention center in Newark.
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
Officials have increased the number of countries in Africa at risk for Ebola from three to 10. A third entry point is open for Americans traveling from certain high-risk countries back into the U.S. Holly Williams reports.
The tank at GKN Aerospace is estimated to contain 7,000 gallons of methyl methacrylate, a volatile chemical used to produce plastics.
The three workers, who fell ill in March and died in May, were "among the first known victims of the outbreak," the Red Cross said.
Lucia Adarve had a long list of symptoms that no one could diagnose. Her mother Lisa was determined to find an answer.
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
The Mexican government announced the auction of a plot of land within the country club where drug kingpin "El Mencho" died during a clash with the army in February.
Seven Laotian villagers entered a cave five days ago searching for gold and were trapped inside after heavy rain triggered flash flooding.
Three people died and four others were injured after their vehicle collided with an elephant in Murchison Falls National Park, police said on Monday.
The American Music Awards celebrate fan favorites in the music world and feature performances from multiple artists.
It's been some 50 years since Patti LaBelle first sang her hit song "Lady Marmalade." As she marks her 82nd birthday, LaBelle talks to correspondent Tracy Smith about her career and what's next.
Hosted by Lee Cowan. Featured: Concours d'LeMons, Iranian propaganda, Patti LaBelle.
Patti LaBelle said she's "having fun living it down" as the legendary singer marks her 82nd birthday.
Legendary singer Patti LaBelle has been performing for six decades. Correspondent Tracy Smith talks with LaBelle at her hometown of Philadelphia as she marks her 82nd birthday.
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
Amid concern about AI taking jobs, people see a range of motives by AI companies.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
As thousands evacuate their homes in Southern California to flee the Sandy Fire, Ring doorbell and security cameras are helping residents and emergency crews stay informed and stay safe. Ring founder Jamie Siminoff joins CBS News to discuss the Fire Watch feature.
A recent opinion piece in The New York Times spotlighted the impact of artificial intelligence on the 2026 graduating class at one of the world's most prestigious universities. The author, Stanford student Theo Baker, joins to discuss.
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
21-year-old Nasire Best, the suspect linked to a shooting near the White House on Saturday, previously tried to gain access to the White House and may have had mental health issues, according to law enforcement sources and court documents. CBS News' Nicole Sganga reports.
The thieves stole jewelry, high-end watches and souvenirs such as sports jerseys, among other belongings, police said.
Daniel Sikkema faces a mandatory sentence of life in prison. Brent Sikkema was stabbed to death in his Rio de Janeiro townhouse in 2024.
The alleged gunman in Saturday's shooting at the White House had tried to gain access to the White House last year. Natalie Brand reports.
At Kouri Richins' sentencing for the murder of Eric Richins, her husband and father of their three sons, she declared her innocence to the court and to her children. But for jurors on the case, the evidence told a different story.
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Pope Leo XIV's major encyclical warns about the rise of artificial intelligence. CBS News' Chris Livesay reports.
More details are emerging about developments in talks between the U.S. and Iran to end the war. This comes as President Trump says Middle East nations should join the Abraham Accords. CBS News analyst Aaron MacLean has more.
Some lawmakers are expressing concern about the apparent U.S.-Iran peace deal taking shape. CBS News' Taurean Small reports.
President Trump has endorsed Texas Attorney General Ken Paxton over incumbent Senator John Cornyn before the Senate Republican runoff on Tuesday. CBS News' Fin Gómez reports.
21-year-old Nasire Best, the suspect linked to a shooting near the White House on Saturday, previously tried to gain access to the White House and may have had mental health issues, according to law enforcement sources and court documents. CBS News' Nicole Sganga reports.