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 Board
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.
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.
Powell says the Fed was served DOJ subpoenas over building renovations
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Supreme Court allows Lisa Cook to remain on Federal Reserve Board for now
A federal district ruled in September that President Trump's attempt to fire Lisa Cook from the Federal Reserve Board of Governors was likely illegal.
Trump admin. asks appeals court to allow firing of Lisa Cook before Fed meeting
The Trump administration wants an appeals court to lift a ruling that blocked President Trump from firing Federal Reserve Governor Lisa Cook before an interest rate meeting next week.
Judge rules Lisa Cook can remain Fed governor for now as Trump tries to fire her
President Trump has said he is firing Cook from her role over allegations she made false representations on mortgage agreements several years ago.
Americans' confidence in finding a new job is crumbling
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
Trump's attempted firing of Cook unresolved
A judge on Friday heard arguments over President Trump's attempted firing of Federal Reserve Governor Lisa Cook. CBS News Department of Justice correspondent Scott MacFarlane has the details.
Judge grapples with Trump's attempt to remove Lisa Cook as Fed governor
President Trump announced earlier this week that he would be removing Lisa Cook as a member of the Federal Reserve Board of Governors.
Trump's "unprecedented" firing of Fed Governor Lisa Cook raises untested questions
Fed Governor Lisa Cook filed a lawsuit challenging what her suit said is President Trump's "unprecedented and illegal attempt to remove" her.
Legal battle over Fed governor firing
President Trump met with Cabinet members for three hours Tuesday in front of cameras and reporters. He spoke about his decision to try to fire Fed Governor Lisa Cook, who's now fighting back in court. CBS News' Ed O'Keefe reports.
Trump's move to fire Lisa Cook could give him leverage over Fed board
Removing a top Fed official threatens to shake investor confidence in the central bank's long-standing independence, according to Wall Street observers.
Trump moves to fire Fed's Lisa Cook as she vows to sue
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.
Trump clashes with Fed board member Lisa Cook
A standoff is brewing between President Trump and economist Lisa Cook. Mr. Trump tried to fire her, claiming "there is sufficient cause" to believe that Cook made false statements on one or more mortgage agreements. Cook fired back that "President Trump has no authority to remove her" from the independent Federal Reserve and vowed to file suit. Nancy Cordes reports.
Lisa Cook to Trump: "I will not resign"
An epic legal fight is brewing between President Trump and the Federal Reserve after he moved to fire board governor Lisa Cook. CBS News White House reporter Aaron Navarro has the latest. Then, Abha Bhattarai, economics correspondent for The Washington Post, and Tom Dupree, former deputy assistant attorney general, join with analysis.
Trump says he's fired Fed Governor
President Trump announced the removal of Federal Reserve Governor Lisa Cook, the only Black woman to serve on the board. Critics call it an attack on the Fed's independence, while Cook says no legal cause exists for her firing.
Stock futures tilt up ahead of Fed chief Jerome Powell's Jackson Hole speech
Investors will be closely eyeing Powell's speech in Jackson Hole on Friday to see if the Fed chair hints at a potential rate cut at the central bank's next meeting.
Federal Reserve governor to step down from role early
Adriana Kugler will resign from her role as a Federal Reserve governor — opening up a vacancy on the board as President Trump pressures the Fed to slash interest rates.
Powell disagrees with Trump about cost of changes to Fed construction
President Trump visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
What does the Federal Reserve do, and why is Trump unhappy with chair Powell?
President Trump floated the idea of firing Jerome Powell — whom he first appointed Federal Reserve chair — earlier this week, after years of on-and-off criticism over interest rates.
Hiring surged in June, shrugging off economic worries
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
The Fed is making a rate decision today. Here's what to expect.
The Federal Reserve Board will announce its next rate decision today, June 18, at 2 p.m. EST.
Interest rate cuts impact stock prices
The Federal Reserve Board's announcement to cut interest rates has made stocks surge for now and mortgage rates slightly drop. CBS News senior business and technology correspondent Jo Ling Kent looks at the data.
Consumers saying "enough's enough" is helping to tame inflation
The great inflation spike of the past three years is nearly spent - and economists credit American consumers themselves for helping to slay it.
Trump growing frustrated with limits of Iran military options, sources say
Military planners are advising President Trump that any strike on Tehran's assets would almost certainly not be a singular, decisive blow.
Exclusive
DEA memo in Epstein files names him in a previously unknown investigation
A memo shows Jeffrey Epstein was the subject of a previously undisclosed U.S. Drug Enforcement Agency investigation targeting him and 14 others for suspicious money transfers possibly linked to illegal narcotics.
Judge permanently blocks release of Jack Smith's report on Trump documents case
A federal judge on Monday permanently blocked the Justice Department from releasing former special counsel Jack Smith's report on the classified documents investigation.
ICE whistleblower warns new recruits are receiving "defective" training
Documents given to Congress appear to show courses involving use-of-force were eliminated.
25 Mexican National Guard troops killed after cartel leader's death
Nemesio Rubén Oseguera Cervantes — known as "El Mencho" — was the boss of one of the fastest-growing criminal networks in Mexico.
Suspect in Nancy Guthrie case had been to the house before, source says
An image the FBI released of the suspect at Nancy Guthrie's front door, without a backpack, was captured by her Nest doorbell camera on a day prior to the suspected abduction.
Power outages reported, thousands of flights canceled as storm slams Northeast
More than 40 million people were under blizzard warnings along 700 miles of the East Coast from Maryland to Maine.
Anna Kepner's family says stepbrother charged in her death on cruise ship
Anna Kepner, 18, was on a Caribbean cruise with her father, stepmother and three stepsiblings when she was discovered dead on the Carnival Horizon in November.
U.S. women's hockey team declines State of the Union invitation
The U.S. women's ice hockey team said Monday they will not be attending President Trump's State of the Union address, citing scheduling conflicts.
U.S.
More U.S.
Anna Kepner's family says stepbrother charged in her death on cruise ship
Anna Kepner, 18, was on a Caribbean cruise with her father, stepmother and three stepsiblings when she was discovered dead on the Carnival Horizon in November.
Suspect in Nancy Guthrie case had been to the house before, source says
An image the FBI released of the suspect at Nancy Guthrie's front door, without a backpack, was captured by her Nest doorbell camera prior to the night of her abduction.
Newsom's office slams "MAGA-manufactured outrage" as conservatives accuse him of bigotry
Newsom's remarks about his 960 SAT score went viral as he told Atlanta Mayor Andre Dickens and a packed auditorium: "I'm not trying to impress you, I'm just trying to impress upon you I'm like you, I'm not better than you."
Trump growing frustrated with limits of Iran military options, sources say
Military planners are advising President Trump that any strike on Tehran's assets would almost certainly not be a singular, decisive blow.
Peter Attia steps down as CBS News contributor
Dr. Peter Attia has stepped down from his CBS News contributor role weeks after crude emails he exchanged with Jeffrey Epstein were made public.
MoneyWatch
More MoneyWatch
FedEx sues Trump administration for "full refund" of tariff payments
FedEx sued the Trump administration over its tariffs on Monday, asking for a "full refund" of all payments it made to the government under a set of tariff policies that were ruled illegal by the Supreme Court.
Trump's Section 122 tariffs could spur new legal battle, experts say
President Trump's novel use of a 1974 trade law to impose a global 15% tariff could be ripe for legal challenges, according to trade experts.
Tariffs pose "huge uncertainty" after Supreme Court ruling, experts say
The Trump administration is unlikely to back down from pursuing additional tariffs following the Supreme Court decision, according to trade experts.
Dow closes down more than 800 points as AI and tariff risks rattle investors
Stocks slumped amid investor fear of AI disruption and uncertainty surrounding President Trump's new tariffs.
Here's how much the new "no tax on tips" deduction could save you
Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.
Politics
More Politics
Texts show Rep. Gonzales sent explicit messages to staffer who later died by suicide
A newly revealed text exchange appears to show Republican Rep. Tony Gonzales encouraging an aide who later died by setting herself on fire to send him an explicit photo.
Newsom's office slams "MAGA-manufactured outrage" as conservatives accuse him of bigotry
Newsom's remarks about his 960 SAT score went viral as he told Atlanta Mayor Andre Dickens and a packed auditorium: "I'm not trying to impress you, I'm just trying to impress upon you I'm like you, I'm not better than you."
FedEx sues Trump administration for "full refund" of tariff payments
FedEx sued the Trump administration over its tariffs on Monday, asking for a "full refund" of all payments it made to the government under a set of tariff policies that were ruled illegal by the Supreme Court.
Trump growing frustrated with limits of Iran military options, sources say
Military planners are advising President Trump that any strike on Tehran's assets would almost certainly not be a singular, decisive blow.
Exclusive
DEA memo in Epstein files names him in a previously unknown investigation
A memo shows Jeffrey Epstein was the subject of a previously undisclosed U.S. Drug Enforcement Agency investigation targeting him and 14 others for suspicious money transfers possibly linked to illegal narcotics.
HealthWatch
More HealthWatch
As more Americans embrace anxiety treatment, RFK Jr. derides medications
Robert F. Kennedy Jr. has criticized the broadening use of anxiety medications, but doctors and researchers say the MAHA movement is misrepresenting drugs that have been proven to help.
How safe is America from polio?
After decades of American children routinely receiving polio vaccines, the virus that had doomed many to paralysis was nearly eliminated in the United States. But vaccine avoidance today may allow the crippling disease to return.
How safe is America from polio?
After decades of American children routinely receiving polio vaccines, the virus that had doomed many to paralysis was nearly eliminated in the United States. But vaccine avoidance today may allow the crippling disease to return. CBS News chief medical correspondent Dr. Jonathan LaPook talks with David Oshinsky, author of "Polio: An American Story," and with violin virtuoso Itzhak Perlman, who contracted polio as a child, about how parents opting out of vaccinations for their children could affect polio rates here.
Robots can help amid nursing home staffing crisis
A growing, aging population and an acute caregiver shortage are pushing adult care centers to think outside the box. Itay Hod introduces a new, high-tech helper.
Cop's shortness of breath was the only sign of rare lung disorder
Travis Corbitt's struggles to breathe led to his retirement and reliance on an oxygen tank.
World
More World
Trump growing frustrated with limits of Iran military options, sources say
Military planners are advising President Trump that any strike on Tehran's assets would almost certainly not be a singular, decisive blow.
Woman in Tehran praises students for reigniting protests after bloody crackdown
As Iran's new academic year began over the weekend, large-scale protests erupted across several universities.
Tariffs pose "huge uncertainty" after Supreme Court ruling, experts say
The Trump administration is unlikely to back down from pursuing additional tariffs following the Supreme Court decision, according to trade experts.
DHS officials watch for response by US-based cartel networks after leader killed
Law enforcement is monitoring potential increases in violence, coercion or debt-collection activity in domestic trafficking corridors after cartel head "El Mencho" was killed Sunday.
Former U.K. ambassador to U.S. Peter Mandelson arrested
Former U.K. ambassador to the U.S. Peter Mandelson has been arrested weeks after a series of emails between him and the late convicted sex offender Jeffrey Epstein were released.
Entertainment
More Entertainment
Entertainment
Extended interview: Madison Beer
Madison Beer opens up about the start of her music career, artists who have inspired her along the way and creating her third studio album, "Locket," in an interview with CBS News senior culture correspondent Anthony Mason.
Nick Reiner pleads not guilty to murder
Nick Reiner pleaded not guilty in Los Angeles on Monday in the killing of his parents, Rob Reiner and Michele Singer Reiner. CBS News correspondent Carter Evans has more.
Nick Reiner pleads not guilty in the killing of his parents
Nick Reiner, 32, was charged with two counts of murder in the killing of his parents, Rob Reiner and Michele Singer Reiner.
Star Trek celebrates 60 years
CBS News' Dave Malkoff joins from Star Trek: The Cruise with Rob Picardo, who plays "The Doctor" in the series, to discuss how people are celebrating 60 years of the franchise.
Racial slur shouted during BAFTA awards by guest with Tourette's
Britain's film academy and the BBC apologized after a broadcast of the BAFTA awards ceremony that included an offensive outburst by an audience member with Tourette's syndrome.
Technology
More Technology
Technology
Robots can help amid nursing home staffing crisis
A growing, aging population and an acute caregiver shortage are pushing adult care centers to think outside the box. Itay Hod introduces a new, high-tech helper.
Social psychologist on social media addiction
One of the catalysts for the social media addiction debate was a 2024 book called "The Anxious Generation" by social psychologist Jonathan Haidt. His new book tries to help parents and kids break free from screens. Haidt joins CBS News to discuss Mark Zuckerberg, the ongoing social media addiction trial and artificial intelligence.
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.
Judge scolds Mark Zuckerberg's team for wearing Meta glasses to trial
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
Mark Zuckerberg grilled in court
Meta CEO Mark Zuckerberg took the stand at the social media addiction trial examining whether children and teens were given access to an addictive and harmful product. CBS News' Carter Evans reports.
Science
More Science
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.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
These United States: George Washington and climate change
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
Impact of climate change on Winter Olympics
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
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.
Crime
More Crime
Anna Kepner's family says stepbrother charged in her death on cruise ship
Anna Kepner, 18, was on a Caribbean cruise with her father, stepmother and three stepsiblings when she was discovered dead on the Carnival Horizon in November.
Suspect in Nancy Guthrie case had been to the house before, source says
An image the FBI released of the suspect at Nancy Guthrie's front door, without a backpack, was captured by her Nest doorbell camera prior to the night of her abduction.
Utah author fatally poisoned husband to get his money, prosecutors say
Kouri Richins slipped five times the lethal dose of fentanyl into a cocktail that her husband drank, prosecutors say.
Nick Reiner pleads not guilty in the killing of his parents
Nick Reiner, 32, was charged with two counts of murder in the killing of his parents, Rob Reiner and Michele Singer Reiner.
Officials probe killing at Mar-a-Lago
An armed man was shot and killed after gaining "unauthorized entry" into Mar-a-Lago, President Trump's Florida estate, the Secret Service said. The shooting occurred as FBI Director Kash Patel attended the Winter Olympics in Italy. CBS News' Scott MacFarlane reports.
Space
More Space
NASA to start slow-moving process returning moon rocket to hangar this week
The space agency said Sunday it's targeting Tuesday for the slow, four-mile trek across Kennedy Space Center, weather permitting.
NASA's moon rocket hit by new problem, flight pushed to April
The Artemis II mission aims to send four astronauts — Reid Wiseman, Victor Glover, Christina Koch and Canadian astronaut Jeremy Hansen — on a flight around the far side of the moon and back.
Report criticizes NASA Boeing Starliner trip
An internal investigation is blasting NASA's handling of the first piloted flight of Boeing's Starliner spacecraft in 2024. The flight left two astronauts stuck on the International Space Station for nearly a year. The investigation found the flight was plagued by potentially life-threatening technical and management failures.
Cosmologist on UFO files
President Trump has ordered the release of all government documents related to aliens, UFOs and extraterrestrial life. It comes after former President Barack Obama addressed the topic earlier this week and said aliens are real, a statement which he later modified. CBS News contributor Janna Levin has more details.
NASA targets March 6 for Artemis II moonshot
A successful fueling test prompts NASA to press ahead toward a March 6 moonshot.
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
Getting organized for the biggest tax refund
Just getting started on your taxes? Erin Voisin, managing director for EP Wealth Advisors, joins CBS News to discuss what to do for the biggest refund.
Breaking down Mamdani's response to blizzard
Less than two months into his tenure as New York City mayor, Zohran Mamdani is responding to a second major snowstorm. CBS News reporter Jared Ochacher has more.
Report: Student loan delinquencies spiking
Nearly 43 million Americans have federal student loans, according to the latest data from Congress. Now, a new report from left-leaning advocacy think tanks the Century Foundation and Protect Borrowers has found one out of every four Americans with student loans is delinquent. Data from the University of California Consumer Credit Panel was used for the analysis. Washington Post national higher education reporter Danielle Douglas-Gabriel joins CBS News to discuss.
More U.S.-Iran talks set for Thursday
The State Department has ordered non-essential staff to leave its embassy in Beirut, Lebanon, amid rising tensions in the Middle East. Indirect talks between the U.S. and Iran are set to be held in Geneva this Thursday. Osamah Khalil, chair of the International Relations Program at Syracuse University, joined CBS News to discuss.
USA men's hockey sparks patriotic pride after win
The U.S. men's hockey team beat Canada 2-1 in overtime in a thrilling Olympic final game. Tony Dokoupil has more on the patriotic pride they inspired.