Fed chair warns tariffs could drive up prices
Federal Reserve Chair Jerome Powell warned President Trump's trade war could drive up inflation while at the same time causing growth to slow and unemployment to rise. CBS News' Nancy Cordes has more.
Economy
Mar 13: CBS News 24/7, 1pm ET
Trump threatens 200% tariff on EU alcohol in response to American whiskey tariff; Protesters arrested after storming Trump Tower over arrest of Mahmoud Khalil.
Trump tariffs prompt warning from Fed chair
President Trump lashed out at Federal Reserve Chair Jerome Powell who warned that the administration's tariff plan could lead to persistent inflation and an economic slowdown. California Gov. Gavin Newsom also announced plans for the state to file a lawsuit challenging the tariffs. CBS News chief White House correspondent Nancy Cordes has the latest updates.
How consumers are responding to tariffs
CBS News business analyst Jill Schlesinger breaks down the Federal Reserve's warning on President Trump's tariffs and how consumers are responding.
Trump slams Fed's Powell after tariff warning
President Trump slammed Jerome Powell on Thursday morning, a day after the Federal Reserve chairman said the Trump administration's tariff policy could lead to higher inflation and slower economic growth. CBS News' Natalie Brand has more on Mr. Trump's response.
Powell's comments spark stock market sell-off
It was another volatile day on Wall Street after comments from Federal Reserve Chair Jerome Powell, who spoke at the Economic Club of Chicago. Kelly O'Grady explains.
Economists: Consumers trying to beat tariffs
Federal Reserve Chair Jerome Powell has issued a stark warning on the far-reaching inflation impact of the Trump administration's economic policies. His comments come as new Commerce Department data shows that retail sales rose more than expected last month with some economists attributing that to people trying to get ahead of tariff-driven price increases. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Fed chair warns tariffs could cause inflation
Stocks fell sharply on Wednesday due in part to tariff concerns. CBS News MoneyWatch correspondent Kelly O'Grady breaks down Federal Reserve Chair Jerome Powell's warning about tariffs.
Trump meets with Japanese officials on tariffs
The markets fell sharply on Wednesday after Federal Reserve Chair Jerome Powell expressed concerns about the economic impact of tariffs. Meanwhile, President Trump is meeting with Japanese officials about tariffs. CBS News White House reporter Olivia Rinaldi has the latest.
China appoints new trade negotiator
China appointed a new international trade negotiator Wednesday amid an escalating tariff war with the U.S. Beijing also announced its economic growth exceeded expectations, growing 5.4% in the first quarter of 2025 compared to the same period last year. Stephen McDonell, BBC's China correspondent, has more.
China's Xi tours Southeast Asia
Chinese President Xi Jinping is visiting Vietnam, Malaysia and Cambodia this week in hopes of strengthening economic ties amid escalating trade tensions with the U.S. CBS News foreign correspondent Anna Coren has the latest from Hong Kong.
Lodge Cast Iron CEO on tariff business impact
Many U.S. businesses are anticipating production changes ahead of upcoming tariffs from the Trump administration. Mike Otterman, president and CEO of Lodge Cast Iron, joins CBS News to discuss how his company could be affected.
Who benefits from latest tariff exemptions?
The Trump administration is exempting smartphones, computers and other electronics from the full wrath of its trade war with China. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Mar 10: CBS News 24/7, 1pm ET
President Trump hints at more tariffs ahead as concerns grow over possible recession; U.S. tanker collides with a cargo ship off of U.K. coast.
Open: This is "Face the Nation," April 13, 2025
This week on "Face the Nation with Margaret Brennan," U.S. trade representative Jamieson Greer and Minneapolis Fed president Neel Kashkari discuss the latest with the U.S. economy. Plus, the FDA's former top regulator, Dr. Peter Marks, joins.
Reporter's Notebook: Why economic vibes matter
The economy's vibes are off, according to American consumers. "CBS Evening News" co-anchor John Dickerson explains.
Grocer on unexpected impact of Trump tariffs
Despite the tariff turmoil, stocks were up for the week. But consumer sentiment is down to the lowest level in nearly three years. Nancy Chen checked back with a grocer to see how business is going.
Bond market signals tariffs' economic impact
While U.S. stocks ended Friday on a high note following a week of volatile trading tied to President Trump's tariffs, the bond market likely pushed the president to implement a 90-day pause. Bill Cohan, Wall Street author for Puck, joins "America Decides" to explain.
Stocks rise to end volatile week for markets
After a chaotic week, the Dow Jones ended Friday in the green. Optimism that China wants a tariff deal saw the index rise 600 points for the day. Fin Gómez, CBS News political director, and JD Durkin, CBS News contributor, join "America Decides" with the latest.
Extended interview: Fed's Austan Goolsbee
Federal Reserve Bank of Chicago President Austan Goolsbee spoke with "CBS Evening News" co-anchor John Dickerson about the economic uncertainty over President Trump's sweeping tariff policy and the anxiety being felt among business leaders and consumers.
Stocks close up on hopes of tariff deals
After a tumultuous week, the Dow Jones closed more than 600 points up on Friday as investors expressed hope that countries would reach deals with President Trump on tariffs. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Mar 7: CBS News 24/7, 10am ET
Employers across the U.S. added 151,000 jobs in February; California restaurants brace for impact of tariffs.
Fed official says no "playbook" for economy woes
As the Fed tries to manage the cooldown of inflation, President Trump's tariff policy has injected a high level of uncertainty into the economy. Austan Goolsbee, president of the Federal Reserve Bank of Chicago, joins to discuss.
Fed official on "anxiety" over Trump tariffs
The uncertainty of the trade war is rattling financial markets and businesses across the country. "CBS Evening News" co-anchor John Dickerson spoke to Austan Goolsbee, president of the Federal Reserve Bank of Chicago, about anxieties he's witnessed in the region.
What is the U.S.-China relationship now?
The White House said its tariffs on China now total 145%. Zongyuan Zoe Liu, Maurice R. Greenberg senior fellow for China studies, joins "The Daily Report" to discuss how this trade war affected U.S.-Chinese relations.
Live
Trump warns Iran is set to "get a beating" as 5-month war expands
The war in the Middle East is expanding, with President Trump threatening Iran with "a beating" and the U.S. and Saudi Arabia jointly striking Iranian proxies in Iraq.
First on CBS
Trump-affiliated companies distance themselves from Trump-IRS deal
Top Senate Democrats sought answers about Trump IRS deal from mining company Kaz Resources, cryptocurrency companies World Liberty Financial and prediction markets Polymarket and Kalshi.
Fauci invokes 5th in hearing, citing Rand Paul's "unhinged obsession"
Dr. Anthony Fauci appeared before the Senate to testify on the origins of the COVID-19 pandemic but invoked his Fifth Amendment rights in answering all questions.
Trump unveils plans for overhaul of Dulles airport outside Washington
President Trump said he hopes the renovations will take Dulles from "an impossible airport" to one of the world's best.
Trump asks Supreme Court to overturn $83.3 million E. Jean Carroll case
President Trump is asking the Supreme Court to throw out an $83.3 million defamation judgment the writer E. Jean Carroll won against him.
Fed holds interest rates steady, but 3 officials vote for hike
Fed officials are leaving their benchmark rate unchanged for a fifth straight meeting, a sign they expect inflation to ease.
Actor Jared Leto accused of criminal sexual conduct by 4 women
Four women say Hollywood star Jared Leto committed sexual crimes against them when they were teenagers, in interviews with the BBC.
Singer-songwriter Glen Hansard killed in motorcycle crash
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
The gut's link to Parkinson's — and more takeaways from this week's "Healthful"
"Ask a Doctor" columnist Dr. Trisha Pasricha joined "Healthful" to discuss the brain-gut connection.
U.S.
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FTC sues Hims & Hers, alleging it shared health data with Meta, Snap
Telehealth platform disclosed users' "most private" health info and locked consumers into subscriptions, regulators allege.
First on CBS
Trump-affiliated companies distance themselves from Trump-IRS deal
Top Senate Democrats sought answers about Trump IRS deal from mining company Kaz Resources, cryptocurrency companies World Liberty Financial and prediction markets Polymarket and Kalshi.
Trump unveils plans for overhaul of Dulles airport outside Washington
President Trump said he hopes the renovations will take Dulles from "an impossible airport" to one of the world's best.
Why are airlines banning humanoid robots from flights?
Three major U.S. airlines have quietly changed their policies to ban humanoid and animal-like robots from their flights.
Trump asks Supreme Court to overturn $83.3 million E. Jean Carroll case
President Trump is asking the Supreme Court to throw out an $83.3 million defamation judgment the writer E. Jean Carroll won against him.
MoneyWatch
More MoneyWatch
FTC sues Hims & Hers, alleging it shared health data with Meta, Snap
Telehealth platform disclosed users' "most private" health info and locked consumers into subscriptions, regulators allege.
Why are airlines banning humanoid robots from flights?
Three major U.S. airlines have quietly changed their policies to ban humanoid and animal-like robots from their flights.
Fed holds interest rates steady, but 3 officials vote for hike
Fed officials are leaving their benchmark rate unchanged for a fifth straight meeting, a sign they expect inflation to ease.
Schools are testing pepper-spraying drones to stop shooters
Schools in three states will be equipped with drones this coming academic year that aim to find and deter active shooters within seconds.
U.S. bans humanoid robot imports, eyeing China and national security concerns
The Federal Communications Commission is banning imports of new foreign-made humanoid robots and power inverters, citing national security risks, in a move that targets China.
Politics
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First on CBS
Trump-affiliated companies distance themselves from Trump-IRS deal
Top Senate Democrats sought answers about Trump IRS deal from mining company Kaz Resources, cryptocurrency companies World Liberty Financial and prediction markets Polymarket and Kalshi.
Trump unveils plans for overhaul of Dulles airport outside Washington
President Trump said he hopes the renovations will take Dulles from "an impossible airport" to one of the world's best.
Trump asks Supreme Court to overturn $83.3 million E. Jean Carroll case
President Trump is asking the Supreme Court to throw out an $83.3 million defamation judgment the writer E. Jean Carroll won against him.
Airport immigration arrests stem from TSA-ICE collaboration, sources say
Recent reports of immigration arrests at U.S. airports, some of them captured in videos that have gone viral, stem from increased collaboration, ICE sources tell CBS News.
Fauci invokes 5th in hearing, citing Rand Paul's "unhinged obsession"
Dr. Anthony Fauci appeared before the Senate to testify on the origins of the COVID-19 pandemic but invoked his Fifth Amendment rights in answering all questions.
HealthWatch
More HealthWatch
FTC sues Hims & Hers, alleging it shared health data with Meta, Snap
Telehealth platform disclosed users' "most private" health info and locked consumers into subscriptions, regulators allege.
The gut's link to Parkinson's — and more takeaways from this week's "Healthful"
"Ask a Doctor" columnist Dr. Trisha Pasricha joined "Healthful" to discuss the brain-gut connection.
Grants halted at agency devoted to safety of U.S. healthcare
Congress appropriated $345 million for the Agency for Healthcare Research and Quality for the 2026 fiscal year, but the agency has spent less than $15 million on grants.
What is postpartum psychosis, the disorder at the center of Lindsay Clancy's trial?
A key question in the Massachusetts murder trial of Lindsay Clancy is whether postpartum psychosis drove her to kill her three children.
William Shatner and daughter Melanie recall fighting Stage 4 cancer together
Actor William Shatner and his daughter, Melanie Shatner Gretsch, recall how they helped each other as they fought Stage 4 cancer side by side.
World
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Elephants that died in Kenya likely poisoned by cyanide-tainted tomatoes
Fifteen elephants in southern Kenya are suspected to have been poisoned by cyanide-contaminated tomatoes, according to wildlife authorities.
FIFA hits Argentina with World Cup charges for scuffle, political banner
A list of disciplinary cases opened by FIFA against Argentina also includes "discriminatory chants and gestures" by fans.
Teen hitman guilty of U.K. murder plot for Swedish crime group with Iran links
A 19-year-old Norwegian hitman was found guilty of an assassination plot after sending selfies with weapons to his girlfriend and friends.
2 firefighters die in Greece as others fight massive blaze in France
Two firefighters died in a blaze on the Greek island of Crete Wednesday while crews in France confronted a wildfire four times the size of Paris, officials said.
2025 was deadliest year for antisemitic attacks in 30 years, study says
Last year, 20 people were killed in antisemitic attacks outside of Israel, making it the deadliest year for such incidents since 1994.
Entertainment
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Entertainment
Zoe Saldaña on new season of "Lioness"
Zoe Saldaña tells "CBS Mornings" why this season of "Lioness" is demanding, how the series challenges the actors and what it's like working with Taylor Sheridan.
Singer-songwriter Glen Hansard killed in motorcycle crash
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
Actor Jared Leto accused of criminal sexual conduct by 4 women
Four women say Hollywood star Jared Leto committed sexual crimes against them when they were teenagers, in interviews with the BBC.
William Shatner and daughter Melanie recall fighting Stage 4 cancer together
Actor William Shatner and his daughter, Melanie Shatner Gretsch, recall how they helped each other as they fought Stage 4 cancer side by side.
William Shatner, daughter on cancer journeys
Legendary actor William Shatner and his daughter Melanie Shatner Gretsch are opening up about their battles with Stage 4 cancer nearly at the same time as each other. Both are now cancer-free and share how they helped each other through the challenging time.
Technology
More Technology
FTC sues Hims & Hers, alleging it shared health data with Meta, Snap
Telehealth platform disclosed users' "most private" health info and locked consumers into subscriptions, regulators allege.
Why are airlines banning humanoid robots from flights?
Three major U.S. airlines have quietly changed their policies to ban humanoid and animal-like robots from their flights.
How AI powered robots are helping small farms
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.
Why researchers are calling for AI slowdown
Researchers at some of the world's largest artificial intelligence companies are calling for a slowdown of its development. Rebecca Bellan, a senior reporter for TechCrunch, joins to discuss.
Schools are testing pepper-spraying drones to stop shooters
Schools in three states will be equipped with drones this coming academic year that aim to find and deter active shooters within seconds.
Science
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Science
How plants feel
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Nearly 30 beluga whales sent to the U.S.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
SpaceX launches first rocket since IPO
Elon Musk's aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX's stock has dropped drastically. Mark Strassmann takes a look.
Wildfire smoke continues to shroud U.S.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
How AI data centers impact the environment
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Crime
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Teen hitman guilty of U.K. murder plot for Swedish crime group with Iran links
A 19-year-old Norwegian hitman was found guilty of an assassination plot after sending selfies with weapons to his girlfriend and friends.
Actor Jared Leto accused of criminal sexual conduct by 4 women
Four women say Hollywood star Jared Leto committed sexual crimes against them when they were teenagers, in interviews with the BBC.
7 charred bodies found in house with narco gang-related messages
Ecuador has become a cocaine trafficking hub, plagued by gangs with ties to Mexican and Colombian cartels.
Georgia teen sentenced for school shooting
Sixteen-year-old Colt Gray was sentenced to life in prison on Tuesday for the 2024 shooting at Georgia's Apalachee High School which killed four people.
Colt Gray sentenced to life without parole
A judge on Tuesday sentenced Colt Gray to life in prison without the possibility of parole. Gray pleaded guilty to killing four people in the deadly 2024 shooting at Apalachee High School. CBS News correspondent Skyler Henry has the latest.
Space
More Space
Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
U.S. to retaliate after Iranian surprise attack
President Trump on Wednesday threatened to hit Iran "very hard" after the U.S. thwarted a surprise attack targeting forces in the Middle East. CBS News White House reporter Aaron Navarro has the latest.
Dow closes down over 1,000 points
Amid energy price spikes caused by the Iran war and persistently high inflation, the Federal Reserve decided on Wednesday to hold interest rates steady for the fifth straight time. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Watch: Trump takes questions on Iran and more
President Trump took questions from reporters on topics ranging from the Iran war to Dr. Anthony Fauci's invoking of the Fifth Amendment during Wednesday's Capitol Hill hearing. Following the president's remarks, CBS News senior transportation correspondent Kris Van Cleave joined to discuss Mr. Trump's proposed changes to Dulles International Airport outside Washington.
Altman previews new AI model with lawmakers
OpenAI CEO Sam Altman met with government officials in Washington, D.C. on Wednesday to discuss an upcoming AI model, one day after the release of an open letter from over 1,000 employees of AI companies asking for development to be paced. White House reporter for Politico Alex Gangitano joins CBS News to discuss.
Inside Paul's accusations against Dr. Fauci
Dr. Anthony Fauci, formerly the federal government's top infectious disease expert, invoked his Fifth Amendment rights Wednesday in a hearing before the Senate Homeland Security Committee. Fauci was appearing under subpoena days after Sen. Rand Paul released a trove of diary entries Fauci wrote during his time as a leader in the Trump and Biden administrations' response to the COVID-19 pandemic. New York Times correspondent Sheryl Gay Stolberg joins CBS News to discuss.