Powell cautious on possible September cut
The Federal Reserve left interest rates unchanged on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Federal Reserve
Fed leaves interest rates unchanged again
The Federal Reserve maintained its benchmark interest rate at Wednesday's Federal Open Market Committee meeting. CBS News' Kelly O'Grady and Olivia Rinaldi have the latest.
Is the Fed likely to finally cut interest rates at this week's meeting?
President Trump has pressured Fed Chair Jerome Powell to lower interest rates. Here's what the experts think will happen at today's monetary policy meeting.
Expectations for July interest rate decision
The Federal Reserve is set to announce its July interest rate decision on Wednesday. CBS News business contributor Javier David has more details on what to expect.
Investors await key economic data
Investors are awaiting the release of key second-quarter data and the Federal Reserve's next decision on interest rates as President Trump's Aug. 1 tariff deadline looms. CBS News business contributor Javier David has more on what to expect.
Vought on Project 2025 and the Fed: "Don't even know what that chapter says"
Project 2025 lays out an overhaul of the Fed, saying "Congress should limit its mandate to the sole objective of stable money."
Open: "Face the Nation," July 27, 2025
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.
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.
Breaking down dispute between Trump and Powell
President Trump visited the Federal Reserve and raised the issue of cost overruns in construction of new facilities there. It was a new front in Trump's extended campaign to pressure Powell, who he says has been too slow to lower interest rates. Kelly O'Grady explains.
Trump and Powell clash over Fed renovations
President Trump and Federal Reserve Chair Jerome Powell had a disagreement almost immediately as the two men set foot in the Fed's headquarters in Washington on Thursday to survey an extensive renovation project on two of the reserve's buildings. Nancy Cordes has more.
Trump, Powell meet amid tensions
President Trump toured the Federal Reserve building today alongside Federal Reserve Chair Jerome Powell. The visit comes as tensions run high between the two men. The president has repeatedly criticized Powell for not lowering interest rates and for the high cost of ongoing renovations. CBS News White House reporter Aaron Navarro has more.
Takeaways from Trump's Federal Reserve tour
President Trump visited the Federal Reserve on Thursday to tour its multi-billion-dollar renovation project. It comes amid his repeated public attacks on Fed Chair Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Johnson on Trump potentially firing Powell
House Speaker Mike Johnson told CBS News chief Washington correspondent Major Garrett that he understood President Trump's frustration with Federal Reserve Chairman Jerome Powell, adding that it's going to be "a rocky road" for the Fed chair between now and the end of his term in May 2026. CBS News MoneyWatch correspondent Kelly O'Grady and Barron's senior writer Martin Baccardax join with analysis.
Trump, Powell argue over Fed renovation costs
President Trump toured renovations at the Federal Reserve headquarters with Chair Jerome Powell on Thursday. The visit comes amid the president's criticism of Powell over the central bank holding interest rates steady. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Trump visiting Federal Reserve
President Trump is visiting the Federal Reserve on Thursday as he continues to pressure Fed Chair Jerome Powell to cut interest rates. CBS News' Nancy Cordes has more.
Congresswoman refers Fed Chair Powell to DOJ
As tensions remain high between the White House and the central bank, a Republican congresswoman is hitting Federal Reserve Chair Jerome Powell with a criminal referral to the Justice Department. CBS News MoneyWatch correspondent Kelly O'Grady joins to examine the disconnect between the Trump administration and the Fed.
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.
Trump official criticizes Fed chief Powell as Trump takes aim over interest rates
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.
Sen. Kennedy warns Trump not to fire Powell
President Trump said Wednesday it's "highly unlikely" that he would fire Jerome Powell, but he continued to air his frustrations with the Federal Reserve chair. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Exclusive
Trump asked GOP lawmakers if he should fire Fed Chair Jerome Powell
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
Trump frustrations with Powell intensifying
President Trump has relentlessly criticized Fed Chair Jerome Powell for not cutting interest rates. Tuesday night, he privately floated firing Powell. Nancy Cordes reports.
Trump says it is unlikely he will fire Powell
President Trump is escalating his feud with the man he selected to lead the Federal Reserve back in 2017. Mr. Trump told reporters at the White House on Wednesday that Fed Chair Jerome Powell has done a "terrible job" leading the nation's top bank. CBS News senior White House correspondent Weijia Jiang has more.
Sen. Warren defends Powell amid Trump attacks
Democratic Sen. Elizabeth Warren of Massachusetts, a longtime critic of Jerome Powell, is speaking out against President Trump's threats to fire the Fed chair. Warren joins "The Takeout" to explain her position and take stock of Mr. Trump's economy.
Trump on firing Powell: "Highly unlikely"
President Trump on Tuesday night privately floated firing Federal Reserve Chairman Jerome Powell, then publicly backed away on Wednesday. CBS News chief White House correspondent Nancy Cordes reports.
Trump meets with Bahrain's crown prince
President Trump took questions from reporters during a meeting in the Oval Office with Bahrain Crown Prince Salman bin Hamad Al Khalifa. Mr. Trump said it's "highly unlikely" he would fire Federal Reserve Chairman Jerome Powell after reports emerged he had asked GOP lawmakers if he should do it. CBS News' Ed O'Keefe discusses after the meeting.
Trump's secret plane switch took place within a day of credible missile threat
President Trump secretly moved from Air Force One to another plane within a day of U.S. and Turkish intelligence picking up on an Iranian plot to fire a missile at the jet.
Live
Trump says U.S. has "total control" over Strait of Hormuz
President Trump said Wednesday that the U.S. has "total control" over the Strait of Hormuz, writing on social media: "I THINK WE WILL KEEP IT."
Karoline Leavitt exiting as White House press secretary
President Trump said Karoline Leavitt will be leaving her role to focus on her young family.
Surrogate gives birth to baby at center of multistate legal battle
Surrogate McKenna West declined to get an abortion requested by the intended parents after the baby she was carrying was diagnosed with a severe but treatable heart defect.
2 killed when Apache helicopter from Fort Hood crashes in Salado, Texas
Two soldiers aboard an AH-64 Apache attack helicopter based out of Fort Hood were killed in a crash on Wednesday, according to local authorities and the Army.
My husband was kicked out of hospice. Here's what I learned.
Some seriously ill patients improve on hospice. About 1 in 16 patients enrolled in hospice care lose eligibility as a result. Here's how to get appropriate care.
U.S. indicts former SPLC executive for her role in alleged fraud scheme
Prosecutors have accused the SPLC of telling donors and banks the group was dismantling white supremacist and extremist groups, but instead funneling payments to confidential informants in the groups to fund "violent, racist and extremist activities."
$1.04 billion Powerball jackpot won in Illinois
A single ticketholder in Illinois won a Powerball jackpot of $1.04 billion Wednesday night, the game says.
Norah O'Donnell: I take testosterone. Here's why.
Norah O'Donnell sat down with her own doctor, Rachel Rubin, to tackle the important topic of menopause: How your body changes, why women may be needlessly suffering, and what you can actually do about it.
U.S.
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Whole Foods recalls some jalapeño products over salmonella risk
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
2 killed as Apache helicopter from Fort Hood crashes in Salado, Texas
Two soldiers aboard an AH-64 Apache attack helicopter based out of Fort Hood were killed in a crash on Wednesday, according to local authorities and the Army.
U.S. indicts former SPLC executive for her role in alleged fraud scheme
Prosecutors have accused the Southern Poverty Law Center of telling donors and banks it was dismantling white supremacist and extremist groups, while funneling payments to confidential informants in the groups.
Karoline Leavitt exiting as White House press secretary
President Trump said Karoline Leavitt will be leaving her role to focus on her young family.
Maps and charts show record number of measles cases in U.S. this year
CBS News has been tracking a record number of measles cases and outbreaks around the country. The majority of cases are among those who haven't been vaccinated.
MoneyWatch
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Whole Foods recalls some jalapeño products over salmonella risk
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
How much time does AI save at work? New Census Bureau data breaks it down.
New Census data shows how much faster workers can complete tasks when they enlist artificial intelligence for help.
Here's how much Social Security's 2027 COLA could rise under new estimates
Social Security's cost-of-living adjustment for 2027 is projected to be lower than previously forecast, according to new estimates.
NYC Council probes prediction markets over advertising practices
New York City lawmakers allege that four major prediction markets engage in deceptive marketing practices and target young adults.
$1.04 billion Powerball jackpot won in Illinois
A single ticketholder in Illinois won a Powerball jackpot of $1.04 billion Wednesday night, the game says.
Politics
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Trump's secret plane switch took place within a day of credible missile threat
President Trump secretly moved from Air Force One to another plane within a day of U.S. and Turkish intelligence picking up on an Iranian plot to fire a missile at the jet, CBS News has learned.
U.S. indicts former SPLC executive for her role in alleged fraud scheme
Prosecutors have accused the Southern Poverty Law Center of telling donors and banks it was dismantling white supremacist and extremist groups, while funneling payments to confidential informants in the groups.
Karoline Leavitt exiting as White House press secretary
President Trump said Karoline Leavitt will be leaving her role to focus on her young family.
11 charged for alleged sham marriages to help Chinese nationals get green cards
The DOJ unveiled criminal charges alleging 11 people participated in a scheme that involved more than 1,000 "sham marriages" between Chinese nationals and U.S. citizens.
First on CBS
Top Trump officials heading to Iowa to help GOP campaigns, sources say
The upcoming Iowa State Fair is a pivotal window of opportunity for candidates on the campaign trail.
HealthWatch
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My husband was kicked out of hospice. Here's what I learned.
Some seriously ill patients improve on hospice. About 1 in 16 patients enrolled in hospice care lose eligibility as a result. Here's how to get appropriate care.
Texas steps into surrogate fight with parents
California parents wanted to end a surrogate pregnancy when doctors diagnosed the baby with a severe heart defect at 20 weeks. The surrogate refused and went to Texas, where the state has now stepped in. The baby was born on Wednesday. Jason Allen reports.
Whole Foods recalls some jalapeño products over salmonella risk
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
Maps and charts show record number of measles cases in U.S. this year
CBS News has been tracking a record number of measles cases and outbreaks around the country. The majority of cases are among those who haven't been vaccinated.
Norah O'Donnell: I take testosterone. Here's why.
Norah O'Donnell sat down with her own doctor, Rachel Rubin, to tackle the important topic of menopause: How your body changes, why women may be needlessly suffering, and what you can actually do about it.
World
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Colombia earthquake death toll rises as frantic search for survivors continues
The devastation has tested Colombia's new president and his government as it scrambles to respond to the disaster and civil society as it pushes to provide aid to the most affected communities.
At least 1 dead, 172 rescued from ferry fire near Bali, Indonesia
One Indonesian teenager was killed when the vessel caught fire in rough seas.
Cartel sought to buy weapons in exchange for fentanyl, U.S. says
"In exchange for the weapons, the defendants paid in the form of fentanyl and methamphetamine imported into the United States for distribution," the Justice Department said.
Live
Trump says U.S. has "total control" over Strait of Hormuz
President Trump said Wednesday that the U.S. has "total control" over the Strait of Hormuz, writing on social media: "I THINK WE WILL KEEP IT."
Baby rescued from earthquake rubble in Colombia as death toll rises
Footage shared on social media shows a baby being rescued from the bloody arms of a man trapped underneath a destroyed building in Cali after a powerful earthquake struck Colombia.
Entertainment
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Entertainment
Becky G on her friendship with Karol G
Singer Becky G speaks with Gayle King about her tour with Karol G and the bond the two pop stars have formed. "We have a beautiful friendship," Becky G says, "one I'm really, really thankful for and one that I think throughout the years we've really earned with one another."
Behind the scenes of the movie "Tony"
Actor Dominic Sessa and renowned chef Eric Ripert talk with "CBS Mornings" about the new movie "Tony," which is loosely based on Anthony Bourdain's stories of his first experience working in a kitchen restaurant before he found fame. Sessa describes how he got involved and Ripert, who one of Bourdain's best friends, talks about his relationship with the beloved chef.
Becky G on being family's breadwinner
"CBS Mornings" co-host Gayle King speaks exclusively with pop superstar Becky G about feeling the pressure of becoming her family's breadwinner at a young age.
Spotify to label music from "AI personas"
Kourtnee Jackson, senior streaming and entertainment editor at CNET, joins "The Daily Report" to give her take on Spotify's decision to label AI-generated music and block it from being recommended to users.
Graceland celebrates "Elvis Week"
"Elvis Week" kicked off at Graceland in Memphis, Tennessee, on Aug. 8 and runs until Aug. 16, marking Elvis Presley's death. Alicia Dean, the longtime marketing and promotions specialist for Elvis Presley Enterprises, joins with more.
Technology
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Technology
Google unveils new tech, centered around AI
Google is officially unveiling its latest line of Pixel phones and other new devices at its 2026 Made By Google event in New York. AI is at the center of its newest offerings. Matt Binder, a senior reporter at Mashable, joins CBS News to discuss.
Meta on trial for social media addiction suit
Tech giant Meta is being accused of designing social media platforms that violate privacy and enable social media addiction in children. Jury selection in the trial begins today. CBS News legal contributor Jessica Levinson has more on the case.
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.
Duffy on new tech for air travel safety
Top transportation officials were at Newark Airport on Tuesday for the installation of a new radar system designed to help controllers prevent runway incidents. CBS News senior transportation correspondent Kris Van Cleave spoke with Transportation Secretary Sean Duffy about the new technology.
Wall Street targets $500B for AI
Nvidia scored an astounding $500 billion in financing for artificial intelligence, backed by Wall Street's top power brokers and firms. Puck founding partner and industry journalist William D. Cohan weighs in on the AI boom and data center construction.
Science
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Science
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.
How a total solar eclipse stopped a war
Columbia University astronomy professor Dr. Janna Levin joins CBS News to discuss Wednesday's total solar eclipse, saying it's a reminder that humans share this Earth together and "we're all part of something larger."
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.
Perseid meteor shower peaks during eclipse
The Perseid meteor shower will peak during 2026's only total solar eclipse. Director of astronomy at Adler Planetarium, Dr. Geza Gyuk, explains why the eclipse is so special.
Crime
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Crime
Lindsay Clancy breaks down during trial
The judge in Lindsay Clancy's trial for the killings of her three children had to call multiple breaks on Wednesday as she broke down in tears during testimony about the injuries her children suffered in their deaths. CBS News Boston's Penny Kmitt has more.
What is credit card skimming?
A form of credit card theft known as skimming is on the rise as thieves install their own card readers to steal your information and money. It's a particular threat to users of EBT cards. Carter Evans reports on how to spot them and protect yourself.
Lindsay Clancy sobs during murder trial
Lindsay Clancy had an emotional day in court on Wednesday in the trial for killing her three children. She's fighting murder charges, saying she was suffering from postpartum psychosis and overmedication. Shanelle Kaul reports.
Lindsay Clancy's counselor takes the stand
Latiesha Dukes, one of Lindsay Clancy's mental health counselors before the deaths of her three children, testified Wednesday that she did not see signs of Clancy in crisis. CBS News' Shanelle Kaul has the latest.
Judge makes rare ruling in Mangione case
At a hearing for Luigi Mangione, who is accused of killing UnitedHealthcare CEO Brian Thompson, a judge ruled the jury in Mangione's New York state murder trial will be anonymous. Tom Hanson explains.
Space
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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 today, 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.
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
SpaceX rocket booster slams into moon, creating crater that could be 16 feet deep
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
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.
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.
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.
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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New details on Trump's secret plane switch
CBS News' Olivia Rinaldi has new details on the news that President Trump and other government officials took extraordinary air security measures amid threats from Iran.
Lindsay Clancy breaks down during trial
The judge in Lindsay Clancy's trial for the killings of her three children had to call multiple breaks on Wednesday as she broke down in tears during testimony about the injuries her children suffered in their deaths. CBS News Boston's Penny Kmitt has more.
Total solar eclipse wows crowds in Europe
On August 12, 2026, a total solar eclipse awed onlookers throughout Europe, including in Spain and the United Kingdom. Video Producer: Martina Di Licosa
Eclipse chaser on following the events
Western Iceland and northern Spain were on the path of totality for a peak eclipse experience on Wednesday. Chris Orion, an eclipse chaser, joins CBS News to discuss from Sasamón, Spain.
U.S. sees surge in robocalls
Last month consumers received more than 4.3 billion robocalls, according to the robocall protection app YouMail. CBS Newspath correspondent Evyn Moon has more.