What's behind Fed's interest rate decision
The Federal Reserve left U.S. interest rates unchanged for a third consecutive time on Wednesday. CBS News coordinating producer Richard Escobedo has more.
Federal Reserve
Economic uncertainty fuels Fed's rate decision
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, citing economic uncertainty, including potential impacts from the war in Iran. CBS News coordinating producer Richard Escobedo has the details.
Federal Reserve holds interest rates steady, citing economic uncertainty
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
Dow closes down after Fed holds rates steady
The stock market responded negatively on Wednesday after the Federal Reserve left its benchmark interest rate unchanged for a second straight policy meeting. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed decides to hold interest rates steady
The Federal Reserve announced Wednesday it would hold interest rates steady at 3.5% to 3.75%. CBS News' Kelly O'Grady reports.
The Iran war is making it harder for Fed officials to cut interest rates
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
Judge says "no evidence" of Fed Chair crime
A federal judge blocked two grand jury subpoenas against Federal Reserve Chair Jerome Powell on Friday. Chief Judge James Boasberg wrote that "the Government has offered no evidence whatsoever that Powell committed any crime other than displeasing the President."
New details from Virginia, Michigan attacks
The U.S. is on high alert after two separate domestic attacks on Thursday: A shooting at Old Dominion University, and a car ramming at a Michigan synagogue. CBS News justice correspondent Scott MacFarlane has the latest details on the incidents.
Judge quashes subpoenas sent to Federal Reserve
A judge on Friday quashed subpoenas sent to the Federal Reserve as part of the Justice Department's criminal probe. CBS News justice correspondent Scott MacFarlane has the details.
Pirro blasts judge's ruling quashing Fed subpoenas
U.S. Attorney for the District of Columbia Jeanine Pirro held a fiery news conference on Friday after a judge quashed subpoenas sent to the Federal Reserve as part of the Justice Department's criminal probe. CBS News' Scott MacFarlane joins with analysis.
U.S. sees rounding problem as pennies dwindle
Months after the U.S. minted its last penny, Americans are experiencing a shortage of the one-cent coin. CBS News reporter Kati Weis has the details on how some states are working on legislation to address the rounding issue in cash purchases.
Tillis on DOJ's Powell probe: "It's not cute"
Republican Sen. Thom Tillis of North Carolina is speaking out against the Justice Department's investigation into Federal Reserve Chair Jerome Powell. NOTUS reporter Riley Rogerson and Politico White House reporter Sophia Cai join to discuss.
Tillis suggests Warsh faces long Fed chair nomination process
GOP Sen. Thom Tillis of North Carolina says he won't support the confirmation of any Fed nominee until the Justice Dept.'s investigation into chairman Jerome Powell is resolved.
Trump echos support for Kevin Warsh
President Trump said that he "made a mistake" by not nominating Kevin Warsh for Federal Reserve chair during his first term. Kristin Myers, the ETF editor-in-chief for AssetTV, joins with more.
Trump on Fed chair nomination in first term
President Trump says he "made a mistake" by not choosing Kevin Warsh as the chair of the Federal Reserve during his first term in office. Kristin Myers, ETF editor-in-chief for Asset TV, joins with more.
5/7: The Takeout: Jill Schlesinger
CBS News business analyst Jill Schlesinger joins Major Garrett on "The Takeout" to break down the state of U.S. banks and artificial intelligence's role in the economy. She simplifies the Federal Reserve's recent string of interest rate increases and its level of effectiveness. Given inflation and several recent bank failures, Schlesinger also weighs in on whether our current economic woes signal that a recession is near.
7/27: Face the Nation
This week on "Face the Nation with Margaret Brennan," director of the U.S. Office of Management and Budget, Russell Vought, joins to discuss President Trump’s trip to a Federal Reserve facility with Fed Chair Jerome Powell ahead of his departure for Scotland. Meanwhile, The Ohio State University President Ted Carter joins to explain how he’s handling a new era of higher education amid the Trump administration’s push to assert control over private and public institutions across the U.S.
Gold and silver prices are slumping after their meteoric rise. Here's why.
Several factors are weighing on the value of gold and silver after the precious metals ascended to record highs last week.
Cohn on Warsh nomination
Gary Cohn, former Trump economic adviser and vice chairman of IBM, told "Face the Nation" that he believes that President Trump's Fed nominee Kevin Warsh will "take the Fed back to its traditional" norms.
How Federal Reserve rates impact your wallet
Here's how changes at the Federal Reserve can matter in your life as President Trump pushes for new leadership.
Bessent on Trump accounts, Federal Reserve
President Trump celebrated a new federally-funded investment program, called Trump Accounts, aimed at giving kids a long-term financial foundation. Treasury Secretary Scott Bessent sat down with "CBS Saturday Morning" to discuss the initiative and the looming changes at the Federal Reserve.
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.
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.
Joe Kent under FBI investigation for alleged leaks
The FBI is investigating Joe Kent — who resigned over the war with Iran — in connection with alleged leaks of classified information, sources say.
Live
War escalates, energy prices spike after Israeli strike on Iran gas field
As Iran retaliates for an Israeli strike on the South Pars gas field, one analyst warns the war is "now hitting the plumbing of the global energy system."
Hegseth and Caine holding briefing on Iran war
Despite U.S. and Israeli strikes against senior Iranian leaders, Director of National Intelligence Tulsi Gabbard told senators Wednesday the regime "appears to be intact," although "largely degraded."
Exclusive
FBI, IRS to probe nonprofit groups for domestic terrorism links, sources say
In December, Attorney General Pam Bondi ordered law enforcement officials to prioritize efforts to probe and prosecute groups and individuals belonging to the antifa movement or are deemed "extremist."
Senate votes down effort to restrict Trump's Iran war powers
The Senate defeated a war powers resolution on Wednesday that aimed to block President Trump from ramping up the war with Iran, as the operation approaches a fourth week.
House Democrats walk out of tense briefing with Bondi over Epstein files
A group of House Democrats walked out of a closed-door briefing with Attorney General Pam Bondi on the Jeffrey Epstein probe late Wednesday, as tensions over the DOJ's handling of the Epstein case continue to simmer.
Dolores Huerta alleges assault by Cesar Chavez amid abuse claims
Allegations of abuse of women and girls by union leader Cesar Chavez were first reported by the New York Times on Wednesday.
U.S. gas prices rise as oil hits $111 a barrel
A barrel of Brent crude topped $111, while the U.S. benchmark also rose as the Iran war intensifies.
Rhode Island high school hockey team wins state title weeks after deadly rink shooting
Weeks after three of Colin Dorgan's family members were killed in a shooting at a Rhode Island hockey arena, he helped his team win the state championship.
U.S.
More U.S.
Hegseth and Caine holding briefing on Iran war
Despite U.S. and Israeli strikes against senior Iranian leaders, Director of National Intelligence Tulsi Gabbard told senators Wednesday the regime "appears to be intact," although "largely degraded."
Rapper wins lawsuit against police over mocking their raid in music videos
The case tested the limits of parody and the license artists can take in social commentary directed at public figures.
Epstein's longtime lawyer to testify to House committee today
A lawyer who worked closely with Jeffrey Epstein for decades before becoming an executor of his estate will be questioned Thursday by the House Oversight Committee.
Live
Gabbard, intel chiefs to testify at second hearing on worldwide threats
Director of National Intelligence Tulsi Gabbard, CIA Director John Ratcliffe and other top officials will testify to the House Intelligence Committee on Thursday.
House Democrats walk out of tense briefing with Bondi over Epstein files
A group of House Democrats walked out of a closed-door briefing with Attorney General Pam Bondi on the Jeffrey Epstein probe late Wednesday, as tensions over the DOJ's handling of the Epstein case continue to simmer.
MoneyWatch
More MoneyWatch
U.S. gas prices rise as oil hits $111 a barrel
A barrel of Brent crude topped $111, while the U.S. benchmark also rose as the Iran war intensifies.
Wall Street is betting on Ukraine's drone technology
Swarmer is likely to be the first of many: a Ukrainian defense startup with an American face that leans on U.S. capital to scale production for both the Ukrainian and American militaries.
Federal Reserve holds interest rates steady, citing economic uncertainty
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
How to sign up for TSA PreCheck Touchless ID and save time at airports
Travelers hoping to bypass some of the increasingly long wait times at U.S. airports can enroll in the TSA PreCheck Touchless ID program, which is now operating at 65 locations.
Who is Josh D'Amaro, the new CEO of Disney?
As Disney CEO, Josh D'Amaro will be in charge of a massive entertainment empire that includes parks, movies and a streaming service.
Politics
More Politics
Hegseth and Caine holding briefing on Iran war
Despite U.S. and Israeli strikes against senior Iranian leaders, Director of National Intelligence Tulsi Gabbard told senators Wednesday the regime "appears to be intact," although "largely degraded."
Epstein's longtime lawyer to testify to House committee today
A lawyer who worked closely with Jeffrey Epstein for decades before becoming an executor of his estate will be questioned Thursday by the House Oversight Committee.
Live
Gabbard, intel chiefs to testify at second hearing on worldwide threats
Director of National Intelligence Tulsi Gabbard, CIA Director John Ratcliffe and other top officials will testify to the House Intelligence Committee on Thursday.
House Democrats walk out of tense briefing with Bondi over Epstein files
A group of House Democrats walked out of a closed-door briefing with Attorney General Pam Bondi on the Jeffrey Epstein probe late Wednesday, as tensions over the DOJ's handling of the Epstein case continue to simmer.
Joe Kent under FBI investigation for alleged leaks
The FBI is investigating Joe Kent — who resigned this week over the war with Iran — in connection with alleged leaks of classified information, sources tell CBS News.
HealthWatch
More HealthWatch
Judge blocks parts of RFK Jr.'s vaccine agenda, including revised schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Changes in organ donor status can fall through cracks in the system
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Millions of Americans skip meals, stretch medication to afford health care
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
World
More World
NATO allies eye anti-drone systems: "You need it as soon as possible"
An expert in modern warfare says Iran is highlighting NATO failures "to adapt to the drone threat," and Poland is using lessons from Ukraine to fix that.
Live
War escalates, energy prices spike after Israeli strike on Iran gas field
As Iran retaliates for an Israeli strike on the South Pars gas field, one analyst warns the war is "now hitting the plumbing of the global energy system."
Costa Rica shutters its embassy in Cuba and orders diplomats to leave
Costa Rica on Wednesday closed its embassy in Havana and told Cuba's Communist government to pull its diplomats from Costa Rica.
Senate votes down effort to restrict Trump's Iran war powers
The Senate defeated a war powers resolution on Wednesday that aimed to block President Trump from ramping up the war with Iran, as the operation approaches a fourth week.
Wall Street is betting on Ukraine's drone technology
Swarmer is likely to be the first of many: a Ukrainian defense startup with an American face that leans on U.S. capital to scale production for both the Ukrainian and American militaries.
Entertainment
More Entertainment
Entertainment
Behind the rise of The Last Dinner Party
The band The Last Dinner Party is coming to the U.S. next week to tour its second album, "From the Pyre." The members of the band spoke to Anthony Mason about how they met, their rapid rise to fame and the support they've had along the way.
Inside the Vanity Fair Oscar party
For more than 30 years, Vanity Fair has thrown an exclusive Oscar's after party. This year, the magazine's new global editorial director Mark Guiducci decided to trim the guest list, didn't allow press inside and even required guests to put a sticker over their phone camera for privacy. He speaks to "CBS Mornings" and gives an up-close look at the party.
Nancy Guthrie investigation "becomes much harder" as time goes on, expert says
Law enforcement sources told CBS News that additional images were obtained from surveillance cameras installed at Guthrie's Tucson home, but they showed nothing suspicious.
Melissa Etheridge opens up about new music
Melissa Etheridge speaks with "CBS Mornings" about releasing her 17th studio album "Rise" later this month, writing about the loss of her son and grief.
Woman on viral Coldplay "kiss cam" speaks out
Kristin Cabot, the woman from the viral Coldplay "kiss cam" video, spoke in an exclusive interview with Oprah Winfrey about the backlash she received from that moment and how it differed from comments made about her boss Andy Byron, the CEO of their company.
Technology
More Technology
Technology
Inside NVIDIA's new chip
NVIDIA's GTC conference brought big crowds to Silicon Valley this week, with hundreds of companies showcasing products powered by NVIDIA's chips. Tim Werth, tech editor at Mashable, joins CBS News to discuss.
AI expert designs cancer vaccine for his dog
A tech entrepreneur in Australia, Paul Conyngham, said he used artificial intelligence to design a cancer vaccine for his dog Rosie. He joins CBS News with Páll Thordarson, director of the UNSW RNA Institute, who worked with Conyngham on the technology.
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.
Jury still deliberating in social media trial
Jury deliberations for a landmark social media addiction trial in California entered a fourth day Wednesday. CBS News' Elaine Quijano has the latest.
How the military is using AI in war
From intelligence to research and grant applications, artificial intelligence is playing a bigger role in government and military operations.
Science
More Science
Discovery of 1949 whale recording could unlock mysteries of ocean
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
Crime
More Crime
Crime
Kouri Richins found guilty | "48 Hours" Podcast
Kouri Richins, Utah author and mother, was just found guilty for murder and attempted murder of her husband Eric Richins. The state accused her of killing him with a fentanyl-laced Moscow mule in 2022 after previously attempting to poison him via a sandwich on Valentine's Day. Monday evening the jury found her guilty on all counts including insurance fraud and forgery. In a special episode, "48 Hours" correspondent Natalie Morales speaks with Skye Lazaro, former defense attorney for Richins, about the significance of the outcome and the key moments in court that let up to the verdict. This episode was recorded on March 17.
Nancy Guthrie investigation "becomes much harder" as time goes on, expert says
Law enforcement sources told CBS News that additional images were obtained from surveillance cameras installed at Guthrie's Tucson home, but they showed nothing suspicious.
Accused Latin American drug lord arrives in U.S. after years on the run
Sebastian Marset, who eluded police for years, was captured in Bolivia last week and transferred to U.S. custody.
Alleged pipe bomber argues charges should be tossed under Jan. 6 pardons
A man who was accused of planting pipe bombs outside the RNC and DNC on the eve of the Jan. 6 attack is arguing he is covered by President Trump's sweeping pardons of alleged Jan. 6 rioters.
Kouri Richins convicted of murdering husband
A jury on Monday found Kouri Richins, a Utah mom who wrote about grief, guilty of murder in the fatal poisoning of her husband. CBS News reporter Andres Gutierrez has more.
Space
More Space
Space
Video shows meteor streaking across the sky
A meteoroid was spotted streaking across the sky in 10 states. In some areas, there was also a loud boom, similar to an explosion. NASA says the meteor, which was traveling 45,000 mph in the sky, fragmented - causing the bright fireball and loud boom.
7-ton meteor identified as likely cause of boom heard across Ohio
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
Bill Nye on going from Boeing to science guy
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA targets April 1 for moon mission launch
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
Latest Galleries
More Latest Galleries
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.
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
More Latest CBS News Videos
Latest CBS News Videos
Sneak peek: What the Neighbors Saw
ALL NEW: Late at night a couple watches as a rolled-up carpet is carted out of a nearby home. Soon after they learn the combative neighbor who lived there is missing. "48 Hours" correspondent Peter Van Sant reports Saturday, March 21 at 10/9c on CBS and streaming on Paramount+. (Possible game delay)
3/18: The Takeout with Major Garrett
Sen. Markwayne Mullin faces tense confirmation hearing for DHS secretary job; DNI Tulsi Gabbard discusses Iran war on Capitol Hill.
WNBA players reach historic deal with league
The WNBA and its players' union reached a verbal agreement on a transformational new collective bargaining agreement. Jan Crawford has more.
Tax refund delays as IRS phases out paper checks
As the IRS pushes to phase out the use of paper checks, more than 800,000 tax filers are now facing delays in getting their refunds. CBS News national reporter Kati Weis has the details.
Dogue, fashion magazine for dogs, sued by Vogue
Dogue, a fashion magazine for dogs, is being sued by Condé Nast, the parent company of Vogue. Tony Dokoupil has details.