Trump: Interest rates are "artificially high"
President Trump lashed out at the Federal Reserve after the central bank voted to raise interest rates by 0.25 percentage points. CBS News' Aaron Navarro has more.
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President Trump lashed out at the Federal Reserve after the central bank voted to raise interest rates by 0.25 percentage points. CBS News' Aaron Navarro has more.
The Federal Reserve raised interest rates by a quarter of a percentage point. President Trump slammed the decision. CBS News' Aaron Navarro reports, and Fintech.TV anchor Kristin Myers also joins to discuss.
The Federal Reserve is expected to raise interest rates for the first time in three years on Wednesday. CBS News business contributor Javier David explains more.
Investors believe the Fed will raise borrowing costs as it works to tame inflation, which has risen a full percentage point since the Iran war started.
Fed chief Kevin Warsh said in a closely watched speech that inflation remains a concern, while praising the broader U.S. economy.
The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
Fed officials are leaving their benchmark rate unchanged for a fifth straight meeting, a sign they expect inflation to ease.
The central bank is widely expected to stand pat on Wednesday, but persistent inflation concerns are reshaping expectations for the rest of 2026.
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
The Supreme Court ruled Monday that President Trump cannot fire Fed governor Lisa Cook while legal proceedings continue, but that his firing of Federal Trade Commission member Rebecca Slaughter was lawful. CBS News' Jan Crawford and contributors Rebecca Roiphe and Jessica Levinson have the latest.
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
Friday marked Jerome Powell's last day as Chairman of the Federal Reserve. CBS News producer Emily Pandise takes a look at his legacy.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
A security detail has been requested from the federal health department's inspector general for top federal housing official Bill Pulte.
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.
The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.
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.
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.
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.
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.
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 fell to the lowest measure on record, new government survey shows.
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.
President Trump announced earlier this week that he would be removing Lisa Cook as a member of the Federal Reserve Board of Governors.