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.
Federal Reserve Board
The Federal Reserve meets Wednesday. Could it raise interest rates?
The central bank is widely expected to stand pat on Wednesday, but persistent inflation concerns are reshaping expectations for the rest of 2026.
Supreme Court rejects Trump bid to fire Fed's Lisa Cook as legal case continues
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.
Supreme Court rules on Trump's firings
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, Fed chair under 4 U.S. presidents, dies at age 100
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
Analyzing Jerome Powell's legacy
Friday marked Jerome Powell's last day as Chairman of the Federal Reserve. CBS News producer Emily Pandise takes a look at his legacy.
Fed unlikely to cut interest rates until 2027, Bank of America says
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
Who will run the Federal Reserve if the Senate doesn't confirm Trump's pick?
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.
Exclusive
Security detail requested for U.S. official who asked for Lisa Cook, Adam Schiff probes
A security detail has been requested from the federal health department's inspector general for top federal housing official Bill Pulte.
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.
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.
Live
U.S. might return to negotiations "at some point," Trump says
President Trump said Wednesday the U.S. might return to negotiations with Iran eventually, but said currently "the situation is so good."
5 Americans among 7 people killed in Kenya helicopter crash
NBCUniversal said its Florida-based journalist, José Alberto Suárez, was among those killed in the crash.
National debt tops $40 trillion after doubling in under 10 years
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
Prince Harry and Meghan moving back to U.K.
The couple said in January 2020 that they would be stepping away from "senior" royal roles and were working to become financially independent from the royal family.
Michael Cohen, Trump's fixer-turned-nemesis, says he'll interview former boss
"This is the first public conversation between the president and myself in eight years," said Cohen.
Woman told House panel that Gomez sexually assaulted her, attorneys say
The California Democrat said Monday that he "made personal mistakes outside my marriage" and that his "actions were consensual in nature."
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
Moderna stock surges as melanoma vaccine trial shows "landmark moment"
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
She's lived through unimaginable grief. Her advice: "Reach for the joy."
Author and grief coach Kate Doerge joined Norah O'Donnell for a candid talk about coping with grief.
U.S.
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He spied for the U.S. in the war on terror. Now ICE wants to deport him.
The Trump administration is trying to deport a self-described CIA spy who won permission to live in the U.S. by helping convict terrorists.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
2 members of Tennessee college cycling team killed in highway collision
Two members of the Milligan University cycling team were killed, and several more injured, in a collision with a vehicle on a rural highway in eastern Tennessee Wednesday morning.
National debt tops $40 trillion after doubling in under 10 years
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
Michael Cohen, Trump's fixer-turned-nemesis, says he'll interview former boss
"This is the first public conversation between the president and myself in eight years," said Cohen.
MoneyWatch
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National debt tops $40 trillion after doubling in under 10 years
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
Women lag in high-paying AI jobs boom, LinkedIn study finds
AI jobs can command a premium, but women are disproportionately underrepresented in such roles, according to hiring data.
Bond market sell-off threatens to drive up loan costs
The yield on the 30-year Treasury this week hit its highest level since 2007, a rise that could put upward pressure on borrowing costs.
Moderna stock surges as melanoma vaccine trial shows "landmark moment"
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Inflation is outpacing wages again. Many workers were already behind.
When inflation rises faster than workers' wages, it feels like they're getting a pay cut. Companies, meanwhile, benefit.
Politics
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Exclusive
He spied for the U.S. in the war on terror. Now ICE wants to deport him.
The Trump administration is trying to deport a self-described CIA spy who won permission to live in the U.S. by helping convict terrorists.
Michael Cohen, Trump's fixer-turned-nemesis, says he'll interview former boss
"This is the first public conversation between the president and myself in eight years," said Cohen.
Woman told House panel that Gomez sexually assaulted her, attorneys say
The California Democrat said Monday that he "made personal mistakes outside my marriage" and that his "actions were consensual in nature."
How progressive wins in Democratic primaries are shaping the midterms
Progressive momentum has been a prominent storyline as Democrats look to flip control of the House and Senate next year. But how far will it go?
Darline Graham says she's "not that informed on national security" at debate
The Republican nominee for the South Carolina Senate seat will be determined in the runoff between Sen. Darline Graham and Rep. Ralph Norman on Aug. 25.
HealthWatch
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Moderna stock surges as melanoma vaccine trial shows "landmark moment"
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
She's lived through unimaginable grief. Her advice: "Reach for the joy."
Author and grief coach Kate Doerge joined Norah O'Donnell for a candid talk about coping with grief.
Moving Through Grief
August is National Grief Awareness Month, and Kate Doerge wants to reimagine how we deal with grief. After the experience of losing her 16-year-old daughter, Kate decided it was time to reframe the feeling of sadness. We've all heard of the five stages of grief, but Kate suggests there are five actions to help you learn how to carry your grief. Plus, Norah talks about how she wants to be remembered, and Kate tells us how to show up for people who are grieving.
Ebola Congo cases surpass 5,000 as record-setting pace of spread continues
The Ebola outbreak in Congo has passed 5,000 cases, government data showed, an unprecedented rate of spread that's outpacing efforts to slow it in one of the country's remotest regions.
From 2024: Tommy John on Tommy John surgery, before and after
In this interview from 2024, former pitching ace Tommy John talked with correspondent Faith Salie about the injury to his pitching arm he suffered in 1974, and about the innovative procedure (which came to be known as "Tommy John surgery") that rescued his career – and would prolong the careers of many more professional and amateur athletes since. [John died on Aug. 15, 2026 at age 83.]
World
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Prince Harry and Meghan moving back to U.K.
The couple said in January 2020 that they would be stepping away from "senior" royal roles and were working to become financially independent from the royal family.
5 Americans among 7 people killed in Kenya helicopter crash
NBCUniversal said its Florida-based journalist, José Alberto Suárez, was among those killed in the crash.
Israel orders criminal probe into killing of 5-year-old Hind Rajab in Gaza
Israel says military police will investigate the killing of Hind Rajab, a young girl in Gaza whose death at the hands of its forces drew an international outcry.
Trump says he expects to meet with North Korea's Kim Jong Un this year
President Trump wants to meet again with Kim Jong Un to discuss denuclearization, the Wall Street Journal reports, despite having nothing to show for 3 previous summits.
Australian tennis player Nick Kyrgios suspended after positive cocaine test
Australia's Nick Kyrgios has been provisionally suspended from professional tennis after testing positive for cocaine during a tournament in Mallorca.
Entertainment
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Entertainment
"Recess Therapy" host on embracing kid behavior
Julian Shapiro-Barnum is known for his conversations with kids on his series "Recess Therapy." He tells "CBS Mornings" why he thinks adults need to act more childish and embrace some behaviors of children.
Isla Fisher talks "Spa Weekend"
Isla Fisher gives an inside look at the new film, "Spa Weekend," how it highlights the importance of female friendships and how the star-studded cast connected.
Frank Beard, ZZ Top drummer, dies at age 77
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Panettiere was with on-and-off boyfriend when she died, police report says
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
Madonna leads 2026 MTV VMAs with 11 nominations
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
Technology
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Technology
AI companies buying up books: 404 Media
Some used and independent bookstores have reported unexpectedly large book orders and suspect that the books are being scanned to train AI models and then destroyed. As part of a new investigative report, 404 Media put a tracking device in a book to see where it'd end up. Emanuel Maiberg, a journalist and co-founder at 404 Media, joins CBS News to discuss.
Former Meta engineer testifies in fed trial
Wendy Sheehan Donnell, editor-in-chief of PCMag, joins CBS News to discuss the latest in the tech world as a former Meta engineer takes the stand in the company's landmark federal trial for allegedly causing children to become addicted to its products.
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.
Women lag in high-paying AI jobs boom, LinkedIn study finds
AI jobs can command a premium, but women are disproportionately underrepresented in such roles, according to hiring data.
OpenAI launches updated ChatGPT for teens
OpenAI is launching a newer version of its teen-friendly ChatGPT platform. Rebecca Bellan, a senior reporter for TechCrunch, joins with more details on its tools.
Science
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A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Astronomy professor on how eclipses work
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
Crime
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Moving pillowcase leads to discovery of reptiles in car seized at border
Federal officers found a moving pillowcase in a car that was seized at the U.S.-Mexico border. A collection of stolen exotic reptiles was inside.
Details emerge on Tupac's murder
Duane "Keffe D" Davis, who is accused of orchestrating the 1996 murder of Tupac Shakur, is back in court for the third day of his trial as more details emerge on the potential motive behind the fatal shooting. CBS News' Katrina Kaufman has more.
Man in Chucky-style mask chases people
Police are searching for a man accused of wearing a Chucky-style mask and chasing people in Philadelphia. Lilia Luciano spoke with a woman who said she fought back against him.
Prosecutors say bullet engraving shows Charlie Kirk was shot over his politics
Prosecutors in Charlie Kirk's killing pointed to an engraved bullet, arguing that its inscription shows Kirk was targeted for how the defendant perceived his politics.
Details on Meta trial over addiction claims
Meta is standing trial over claims that it intentionally designed its products to be addictive and therefore harmful to children. Lance Ulanoff, editor-at-large at TechRadar, joins "The Daily Report" to discuss.
Space
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NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Perseid meteor shower reaches peak viewing on Wednesday night
The Perseid meteor shower is the best viewing all year, according to NASA.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
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.
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
5 Americans killed in Kenya helicopter crash
Seven people, including five Americans, were killed Wednesday when a helicopter taking tourists on a safari crashed in a remote part of northern Kenya. CBS News senior foreign correspondent Imtiaz Tyab has the latest.
Dr. Oz on prescription drug prices
Dr. Mehmet Oz, administrator of the Centers for Medicare and Medicaid Services, joins "The Takeout" to discuss the Trump administration's touting of lower prescription drug prices. He also comments on a promising skin cancer vaccine trial.
Factors that led to Angie Nixon's primary win
Angie Nixon pulled off an upset Tuesday night against Alex Vindman in Florida's Democratic Senate primary, but how surprising was it? Major Garrett shares his thoughts.
AI companies buying up books: 404 Media
Some used and independent bookstores have reported unexpectedly large book orders and suspect that the books are being scanned to train AI models and then destroyed. As part of a new investigative report, 404 Media put a tracking device in a book to see where it'd end up. Emanuel Maiberg, a journalist and co-founder at 404 Media, joins CBS News to discuss.
Trump on resuming peace talks with Iran
Iran issued a new warning on Wednesday to Gulf countries that may assist the U.S. military. This came after Iran's foreign minister said Tehran will not accept a ceasefire with the U.S., only a deal to fully end the war. CBS News' Charlie D'Agata reports on the diplomatic stalemate.