Why did Trump pick Kevin Warsh for Fed chair?
President Trump announced that he has nominated Kevin Warsh to be the next Federal Reserve chair. CBS News White House reporter Olivia Rinaldi has more.
Federal Reserve
Trump names Kevin Warsh as Fed Chair pick
President Trump on Friday announced former Fed Gov. Kevin Warsh as his pick to replace Jerome Powell as Federal Reserve Chair. CBS News MoneyWatch correspondent Kelly O'Grady breaks down Warsh's experience.
3 key questions for investors about Fed Chair nominee Kevin Warsh
Kevin Warsh, a former Fed governor, is in line to replace Fed Chair Jerome Powell in May. Here's what Wall Street wants to know.
Trump on Kevin Warsh running the Fed
President Trump took questions on Friday from the Oval Office and spoke about his pick to replace Jerome Powell as the chair of the Federal Reserve. Mr. Trump also took questions about the U.S. military near Iran and the Minnesota ICE raids.
What Kevin Warsh as new Federal Reserve chair could mean for the economy
The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.
What we know about Kevin Warsh
Kevin Warsh is President Trump's pick to replace Jerome Powell as the chair of the Federal Reserve. CBS News' Weijia Jiang and Kelly O'Grady report.
Trump nominates Kevin Warsh as next Federal Reserve Board chair
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
Here's who Trump wants to lead the Fed
President Trump posted on social media about his pick to replace Jerome Powell as the next chair of the Federal Reserve. CBS News' Natalie Brand reports.
Trump announces Fed chair pick
President Trump says he'll nominate Kevin Warsh to serve as the next Federal Reserve chairman with current Fed Chair Jerome Powell's term expiring in May. Powell has faced ongoing attacks from Mr. Trump, who nominated Powell to the role during his first term. CBS News business analyst Jill Schlesinger explains what to know.
Trump wants Kevin Warsh to chair the Fed
President Trump announced on social media that he wants Kevin Warsh to chair the Federal Reserve. Warsh was on the Fed's board for five years starting in 2006. CBS News' Jill Schlesinger has more.
Trump to announce new Fed Chair pick Friday
President Trump on Thursday night said he will announce his pick to lead the Federal Reserve on Friday morning. Current Fed Chair Jerome Powell is set to exit the role in May.
Trump says he will pick Fed chair next week
President Trump held his first Cabinet meeting of the year on Thursday, addressing a range of topics, including the future of the Federal Reserve. CBS News White House reporter Olivia Rinaldi has more.
Bessent defends Powell probe, Trump Accounts
In an interview with CBS News, Treasury Secretary Scott Bessent defended the DOJ investigation into Fed Chair Jerome Powell, saying, "I think that the message is that independence does not mean no accountability." He also addressed the new Trump Accounts, which are tax-deferred investment accounts created for every American child born between January 1, 2025 and December 31, 2028.
Bessent touts Trump Accounts as rainy day fund, slams critics as "out of touch"
Treasury Secretary Scott Bessent emphasized the benefits of Trump Accounts and addressed affordability concerns in an interview with CBS News.
Why the Fed held interest rates steady
The Federal Reserve, as expected, left its benchmark interest rate unchanged on Wednesday. The decision to keep the rate at its current mark comes after the central bank ended 2025 with three consecutive rate cuts. CBS News business analyst Jill Schlesinger breaks down the decision.
Powell: Economy has "pushed right through" trade changes
The Federal Reserve held interest rates steady on Wednesday, marking its first pause after three consecutive cuts in 2025. CBS News coordinating producer Richard Escobedo has the latest.
Fed holds interest rates steady in first meeting of 2026
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
No change to interest rates, Fed announces
The Federal Reserve announced Wednesday that interest rates would remain unchanged, holding steady in its current range of 3.5% to 3.75%. CBS News business analyst Jill Schlesinger has more.
Fed to make first 2026 interest rate decision
The Federal Reserve is meeting Tuesday to discuss its first interest rate decision of 2026 on Wednesday. Kristin Myers, ETF editor-in-chief for Asset TV, joins with more.
Here's what to expect at the Fed's first interest rate meeting of 2026
Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.
Trump officials predict a 2026 economic boom. Here's what experts say.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
Justices appear skeptical of Lisa Cook firing
Embattled Federal Reserve Board Governor Lisa Cook's fight to stay on the job got a boost as Supreme Court justices appeared skeptical of President Trump's efforts to fire her. Jan Crawford has the latest.
Why SCOTUS seems skeptical of Lisa Cook firing
The Supreme Court heard arguments on Wednesday over whether President Trump exceeded his authority when he fired Lisa Cook from the Federal Reserve Board of Governors. CBS News chief legal correspondent Jan Crawford joins with the key takeaways.
Stocks jump after Trump calls off Europe tariffs
Stocks jumped on Wednesday after President Trump said he reached a framework for a deal on Greenland and backed off his tariff threat against European allies. CBS News senior business and technology correspondent Jo Ling Kent reports.
SCOTUS seems inclined to keep Cook on Fed board
The Supreme Court appears likely to allow Lisa Cook to keep her position on the Federal Reserve Board of Governors and reject President Trump's attempt to fire her for now. Arguments in the case were heard Wednesday. CBS News' Jo Ling Kent has more.
Live
Senate passes spending package ahead of shutdown deadline, but funding will still lapse
The Senate passed a deal on a package of spending bills Friday, sending it to the House, though funding for dozens of government agencies is still set to lapse Saturday.
Live
Live updates as 3 million Epstein files released by DOJ
The Justice Department released more new documents today from the Jeffrey Epstein files, more than a month after DOJ's original deadline to do so.
Catherine O'Hara, "Beetlejuice" and "Home Alone" star, dies at 71
Catherine O'Hara was best known for her comic performances in projects including "Home Alone," "Beetlejuice," and "Schitt's Creek."
Journalist Don Lemon appears in court following arrest over protest at Minnesota church
Don Lemon was taken into custody by federal agents in Los Angeles, where he had been covering the Grammy Awards, his attorney said.
Venezuela's Machado: "I will be president when the time comes"
Venezuelan opposition leader María Corina Machado weighs in on her political future in a new interview with "Face the Nation."
"Dances With Wolves" actor Nathan Chasing Horse convicted of sexual assault
A Nevada jury convicted "Dances With Wolves" actor Nathan Chasing Horse of multiple charges of sexually assaulting a minor.
Greg Biffle wasn't flying plane before crash that killed him and 6 others, NTSB says
Federal safety officials have concluded that retired NASCAR driver Greg Biffle was not flying his jet when it crashed last month in North Carolina, killing him and six others.
FBI now leading investigation into fatal shooting of Alex Pretti
The FBI is now leading the investigation into the fatal shooting of Alex Pretti in Minnesota.
President Trump dominates red carpet chatter at "Melania" premiere
For those wondered if President Trump would give up the spotlight and let the first lady field all reporter questions at the premiere of her film "Melania" Thursday night, the answer was no.
U.S.
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"Dances With Wolves" actor Nathan Chasing Horse convicted of sexual assault
A Nevada jury convicted "Dances With Wolves" actor Nathan Chasing Horse of multiple charges of sexually assaulting a minor.
Greg Biffle wasn't flying plane before crash that killed him and 6 others, NTSB says
Federal safety officials have concluded that retired NASCAR driver Greg Biffle was not flying his jet when it crashed last month in North Carolina, killing him and six others.
3 key questions for investors about Fed Chair nominee Kevin Warsh
Kevin Warsh, a former Fed governor, is in line to replace Fed Chair Jerome Powell in May. Here's what Wall Street wants to know.
Patients are being hit with this surprise fee just for seeing their doc
One patient reports getting stuck with a $2,418 "facility fee" after seeing her doctor. "I didn't even know such a thing existed," she said.
Exclusive
Nevada's first-in-the-nation primary bid gets boost from Latino Victory
Nevada, New Hampshire and South Carolina are vying to be the first state to vote in the 2028 Democratic presidential primaries.
MoneyWatch
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3 key questions for investors about Fed Chair nominee Kevin Warsh
Kevin Warsh, a former Fed governor, is in line to replace Fed Chair Jerome Powell in May. Here's what Wall Street wants to know.
Patients are being hit with this surprise fee just for seeing their doc
One patient reports getting stuck with a $2,418 "facility fee" after seeing her doctor. "I didn't even know such a thing existed," she said.
A new $45 fee for travelers without Real IDs goes into effect Feb. 1
Passengers without Real IDs can still fly if they pay a $45 fee, which covers the cost of additional identity verification screening.
Saks to shutter most Saks Off 5th stores as bankrupt retailer cuts costs
Saks, which declared bankruptcy on Jan. 14, is set to hold going-out-of-business sales as it closes dozens of retail outlets.
What Kevin Warsh as new Federal Reserve chair could mean for the economy
The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.
Politics
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Venezuela's Machado: "I will be president when the time comes"
Venezuelan opposition leader María Corina Machado weighs in on her political future in a new interview with "Face the Nation."
Exclusive
Nevada's first-in-the-nation primary bid gets boost from Latino Victory
Nevada, New Hampshire and South Carolina are vying to be the first state to vote in the 2028 Democratic presidential primaries.
Live
Live updates as 3 million Epstein files released by DOJ
The Justice Department released more new documents today from the Jeffrey Epstein files, more than a month after DOJ's original deadline to do so.
President Trump dominates red carpet chatter at "Melania" premiere
For those wondered if President Trump would give up the spotlight and let the first lady field all reporter questions at the premiere of her film "Melania" Thursday night, the answer was no.
Justice Department will probe Alex Pretti's killing in civil rights investigation
Deputy Attorney General Todd Blanche says the Department of Justice is participating in a civil rights investigation into the death of Alex Pretti, who was shot and killed by two Border Patrol agents in Minneapolis amid a federal immigration crackdown.
HealthWatch
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Patients are being hit with this surprise fee just for seeing their doc
One patient reports getting stuck with a $2,418 "facility fee" after seeing her doctor. "I didn't even know such a thing existed," she said.
Carter Center reaches major milestone in quest to eradicate Guinea worm
Jimmy Carter made eradicating the Guinea worm a top mission of The Carter Center. Now it could soon become the second disease eradicated in history.
Life expectancy in U.S. hit record high of 79 years in 2024, CDC says
U.S. life expectancy rose to 79 years in 2024 - the highest mark in American history. But the U.S. still ranks below dozens of other countries.
Gerber recalls some arrowroot biscuits over potential plastic, paper pieces
The recall affects several batches of the 5.5-ounce Gerber Arrowroot Biscuits, the FDA said.
South Carolina measles outbreak now larger than Texas' in 2025, new data shows
South Carolina's measles outbreak has grown to include 789 cases. A West Texas outbreak last year sickened 762 people.
World
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Iranians are anxious, but some hope Trump will "fulfill his promise"
Many people in Tehran and Tel Aviv are worried that Trump will make good on his threats to attack Iran again, but for some, it's fear laced with hope.
Son of Norway crown princess to stand trial for allegedly raping 4 women
Marius Borg Hoiby, the 29-year-old son of Crown Princess Mette-Marit, has been charged with a total of 38 counts.
Shark kills 13-year-old boy at popular beach in Brazil
Dozens of beaches along the turquoise coastlines of Pernambuco have been issued with shark warnings, authorities said.
Quieter night in Ukraine as Trump says Putin agreed to pause strikes
Zelenskyy says Ukraine will "take corresponding steps" as Trump says Putin agreed to stop bombing Ukrainian cities for a week.
Remains, jacket found over 2 years after woman vanished in wilderness
Human remains and clothing were found while searching for Belgian national Celine Cremer, who went missing in 2023 in Tasmania, police said.
Entertainment
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Catherine O'Hara, "Beetlejuice" and "Home Alone" star, dies at 71
Catherine O'Hara was best known for her comic performances in projects including "Home Alone," "Beetlejuice," and "Schitt's Creek."
UFC 325 fights go down tomorrow night. See when it starts, who's on the card and where to watch.
Alexander Volkanovski faces Diego Lopes in the UFC 325 main event on what's expected to be an action-packed fight card.
KATSEYE reflects on success and what's next
In just two years, KATSEYE has gone from a Netflix reality competition show to top of the charts, collecting a VMA and two Grammy nominations along the way. The group talks about their journey together in the music industry and what they hope for in the future.
Designer brings life to Grammy red carpet
The nominees and performers for the Grammy Awards will walk the red carpet on Sunday - with flashing camera lights, celebrity interviews and floral designs. Botanical artist Tu Bloom has been the designer behind the red carpet flowers for nearly two decades. He speaks to "CBS Mornings" about his design for this year's red carpet and what drew him to his profession.
Behind-the-scenes look ahead of the Grammys
Final preparations are underway for the Grammys, which air on Sunday on CBS. Music's biggest night could be historic for multiple artists. Anthony Mason got an inside look.
Technology
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Uber looks to cash in on self-driving cars — but not by driving them
The rideshare company is getting into the business of providing real-world driving data to autonomous vehicle developers. Here's why.
New AI features for Gmail users
This month, Google launched a suite of new features for Gmail. Google's AI assistant, Gemini, can now filter through junk, summarize an inbox and even help users write emails. Blake Barnes, Gmail vice president of product, joins CBS News to discuss.
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.
Analysts say Starlink may have guided Russian drones into a Ukrainian train
As Ukraine accuses Russia of terrorism with a deadly strike on a train, some defense analysts believe Elon Musk's Starlink may have guided the killer drones.
TikTok's new privacy policy is sparking a backlash. Here's what to know.
Some TikTok users are raising questions about the app's new terms and conditions after the social media platform's split from its China-based parent.
Science
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Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Cow develops technique to scratch herself
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Crime
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Crime
Why judge dropped 2 charges against Mangione
Luigi Mangione, the accused killer of UnitedHealthcare CEO Brian Thompson, will not face the death penalty after a judge on Friday dismissed two counts that could have carried a death sentence. CBS News legal contributor Caroline Polisi joins to take a look at the new ruling and what it means for the high-profile murder case.
DOJ releases new batch of Epstein files
The Justice Department is releasing more than 3 million pages related to its investigation into convicted sex offender Jeffrey Epstein on Friday. CBS News senior White House and political correspondent Ed O'Keefe reports. Then, journalist Barry Levine, who has covered Epstein for years, joins with analysis.
Don Lemon's attorney reacts to his arrest
Independent journalist Don Lemon has been arrested in Los Angeles and faces two federal charges, a source tells CBS News. Anna Schecter has more.
DOJ releases more Epstein files
The Justice Department released more than 3 million pages from the Jeffrey Epstein investigation files. CBS News' Jake Rosen reports.
Judge on Luigi Mangione facing death penalty
A federal judge has ruled on evidence that can be used in Luigi Mangione's case and determined he will not face the death penalty if convicted. CBS News' Katrina Kaufman reports.
Space
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NASA delays Artemis mission to moon due to cold weather
The first Artemis moonshot with a crew is now targeted for no earlier than Feb. 8, two days later than planned.
Artemis II crew undergoes intense training for rare moon mission
For months, the Artemis II crew and flight controllers have been simulating malfunctions to prepare for their upcoming trip around the Moon.
Inside Artemis II astronauts' training
NASA is preparing for its first crewed mission around the moon in more than 50 years. The Artemis II astronauts include three Americans and one Canadian on a 10-day flight. Mark Strassmann got a look at how they're training.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
More on Virgin Galactic all-female space crew
Virgin Galactic is sending an all-female research team to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
What's holding up the funding bill?
Senate Democrats struck a deal with the White House late Thursday on a funding deal ahead of the government shutdown deadline, but the upper chamber has yet to hold a vote to pass the package. CBS News' Nikole Killion has the latest.
Breaking down latest Epstein files release
The Justice Department on Friday began releasing more than 3 million records related to the investigation into convicted sex offender Jeffrey Epstein. CBS News' Jake Rosen has more.
Senate passes funding deal ahead of shutdown
Moments ago, the Senate passed a funding package that will keep the government running after reaching a deal to separate a vote on funds for the Homeland Security Department. CBS News congressional correspondent Nikole Killion has more.
Michigan's Jocelyn Benson on election denialism
The FBI searched an elections office in Fulton County, Georgia, on Wednesday, seeking 2020 ballots. There is no credible evidence that the election was conducted improperly. Michigan Secretary of State Jocelyn Benson joins "The Takeout" with her perspective.
Don Lemon speaks out after his arrest
Journalist Don Lemon spoke in Los Angeles after he was granted bond following his arrest in connection with a church protest in Minnesota. CBS News legal contributor Jessica Levinson breaks the situation down.