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.
Federal Reserve Board
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.
Fed chair defends holding off on rate cuts
The Federal Reserve said Wednesday it is leaving its benchmark interest rate unchanged. The announcement means policymakers will hold the federal funds rate between 5.25 and 5.50%, the highest level in 23 years. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine the decision.
Live
Government shutdown deadline just hours away as Senate works to pass deal
Dozens of federal agencies are set to see their funding lapse at midnight as senators work to finalize a deal on a package of spending bills.
Journalist Don Lemon arrested after protest at Minnesota church
Don Lemon was taken into custody by federal agents in Los Angeles, where had been covering the Grammy Awards, his attorney said.
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.
Breaking
Prosecutors can't seek death penalty in Luigi Mangione case, judge rules
Luigi Mangione, accused of murdering UnitedHeathcare CEO Brian Thompson, should not face the death penalty if convicted on federal charges, a judge ruled Friday.
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.
Husband in au pair affair recounts killings of wife, man: "Hoping to de-escalate"
Brendan Banfield testified that he did not fatally stab his wife in 2023, but instead shot the man who did.
Lindsey Vonn crashes in final downhill before Winter Olympics
Skiing great Lindsey Vonn crashed in her final downhill before the Milan Cortina Winter Olympics.
Severe cold persists as forecasters track another potential East Coast storm
Maps show where the next blast of Arctic air and a potential winter storm are expected to travel this weekend, according to the latest forecast models.
U.S.
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Live
Government shutdown deadline just hours away as Senate works to pass deal
Dozens of federal agencies are set to see their funding lapse at midnight as senators work to finalize a deal on a package of spending bills.
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.
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.
Journalist Don Lemon arrested after protest at Minnesota church
Don Lemon was taken into custody by federal agents in Los Angeles, where had been covering the Grammy Awards, his attorney said.
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.
MoneyWatch
More MoneyWatch
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.
Trump threatens Canada with 50% tariff on aircraft sold in U.S.
President Trump is threatening Canada with a 50% tariff on any aircraft sold in the U.S., the latest salvo in his trade war with America's northern neighbor as his feud with Prime Minister Mark Carney expands.
The No. 1 skill employers are looking for, according to a LinkedIn expert
Job seekers can raise their chances of landing a position by highlighting a particular kind of work experience, says LinkedIn career expert Catherine Fisher.
First Brands founder Patrick James, brother Edward indicted for fraud
The James brothers face charges of conspiracy to commit money laundering, bank fraud and wire fraud.
Politics
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Live
Government shutdown deadline just hours away as Senate works to pass deal
Dozens of federal agencies are set to see their funding lapse at midnight as senators work to finalize a deal on a package of spending bills.
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.
Trump sues IRS and Treasury, accusing agencies of letting his tax returns leak
President Trump is suing the Internal Revenue Service and Treasury Department for at least $10 billion, claiming the agencies unlawfully allowed an IRS contractor to leak his tax returns and those of his sons and company.
Trump threatens tariffs on countries that sell oil to Cuba
President Trump on Thursday signed an executive order that would impose a tariff on any goods from countries that sell or provide oil to Cuba.
HealthWatch
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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.
Trump policies at odds with emerging understanding of COVID's long-term harm
Studies offer insights into the health risks and burdens faced by people who have had COVID infections. Meanwhile, the Trump administration has narrowed COVID vaccine recommendations and cut research.
Pediatrics group releases vaccine recommendations, breaks with CDC
The AAP is recommending immunization against 18 diseases. Earlier this month, the CDC reduced its recommendations for childhood vaccines to 11 diseases.
World
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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.
Lindsey Vonn crashes in final downhill before Winter Olympics
Skiing great Lindsey Vonn crashed in her final downhill before the Milan Cortina Winter Olympics.
Trump threatens tariffs on countries that sell oil to Cuba
President Trump on Thursday signed an executive order that would impose a tariff on any goods from countries that sell or provide oil to Cuba.
Entertainment
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Entertainment
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.
Lindsey Vonn crashes in final downhill before Winter Olympics
Skiing great Lindsey Vonn crashed in her final downhill before the Milan Cortina Winter Olympics.
Alex Warren on journey to music career
Alex Warren's hit song "Ordinary," a love letter to his wife, became Billboard's song of the summer in 2025. He spoke to "CBS Mornings" about his music journey and the challenges that came along the way, including losing his father to cancer at a young age. Natalie Morales reports.
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
Man attempts to break Mangione out of jail
Police say they foiled a plot to break Luigi Mangione out of a federal jail in New York City. A man allegedly claimed he was an FBI agent and had "signed by a judge authorizing the release of a specific inmate," which sources say was Mangione.
Don Lemon arrested in Los Angeles
Former CNN news anchor and independent journalist Don Lemon was detained in California overnight, multiple sources tell CBS News. Jake Rosen and Lilia Luciano have the latest confirmed information.
Husband in au pair affair recounts killings of wife, man: "Hoping to de-escalate"
Brendan Banfield testified that he did not fatally stab his wife in 2023, but instead shot the man who did.
Breaking
Prosecutors in Luigi Mangione case can't seek death penalty, judge rules
Luigi Mangione, accused of murdering UnitedHeathcare CEO Brian Thompson, will not face the death penalty if convicted on federal charges, a judge ruled Friday.
4 people shot, 2 killed in Mount Airy, North Carolina
The North Carolina State Bureau of Investigation said the SBI and Surry County Sheriff's Office are investigating. Two of the four people who were shot have died. The condition of the other two people is unclear.
Space
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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.
NASA's Artemis II mission clears big hurdle
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
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 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.
Deputy convicted in Massey murder sentenced
Sean Grayson, a former Illinois deputy, was sentenced Thursday to 20 years in prison after a jury convicted him last year of second degree murder in the killing of Sonya Massey. Massey was shot and killed inside her home after calling police to check on a suspected prowler.
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.
Preview of UFC 325
UFC reporter Laura Sanko joins "CBS Mornings" to break down UFC 325, which features Australian champion Alexander Volkanovski fighting Diego Lopez for the Featherweight title.
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.