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
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.
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.
Here's who Trump wants to lead the Fed
President Trump posted on social media about his pick to replace Jerome Powell as the next chair of the Federal Reserve. CBS News' Natalie Brand reports.
Trump announces Fed chair pick
President Trump says he'll nominate Kevin Warsh to serve as the next Federal Reserve chairman with current Fed Chair Jerome Powell's term expiring in May. Powell has faced ongoing attacks from Mr. Trump, who nominated Powell to the role during his first term. CBS News business analyst Jill Schlesinger explains what to know.
Trump wants Kevin Warsh to chair the Fed
President Trump announced on social media that he wants Kevin Warsh to chair the Federal Reserve. Warsh was on the Fed's board for five years starting in 2006. CBS News' Jill Schlesinger has more.
Trump to announce new Fed Chair pick Friday
President Trump on Thursday night said he will announce his pick to lead the Federal Reserve on Friday morning. Current Fed Chair Jerome Powell is set to exit the role in May.
Trump says he will pick Fed chair next week
President Trump held his first Cabinet meeting of the year on Thursday, addressing a range of topics, including the future of the Federal Reserve. CBS News White House reporter Olivia Rinaldi has more.
Bessent defends Powell probe, Trump Accounts
In an interview with CBS News, Treasury Secretary Scott Bessent defended the DOJ investigation into Fed Chair Jerome Powell, saying, "I think that the message is that independence does not mean no accountability." He also addressed the new Trump Accounts, which are tax-deferred investment accounts created for every American child born between January 1, 2025 and December 31, 2028.
Bessent touts Trump Accounts as rainy day fund, slams critics as "out of touch"
Treasury Secretary Scott Bessent emphasized the benefits of Trump Accounts and addressed affordability concerns in an interview with CBS News.
Why the Fed held interest rates steady
The Federal Reserve, as expected, left its benchmark interest rate unchanged on Wednesday. The decision to keep the rate at its current mark comes after the central bank ended 2025 with three consecutive rate cuts. CBS News business analyst Jill Schlesinger breaks down the decision.
Powell: Economy has "pushed right through" trade changes
The Federal Reserve held interest rates steady on Wednesday, marking its first pause after three consecutive cuts in 2025. CBS News coordinating producer Richard Escobedo has the latest.
Fed holds interest rates steady in first meeting of 2026
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
No change to interest rates, Fed announces
The Federal Reserve announced Wednesday that interest rates would remain unchanged, holding steady in its current range of 3.5% to 3.75%. CBS News business analyst Jill Schlesinger has more.
Fed to make first 2026 interest rate decision
The Federal Reserve is meeting Tuesday to discuss its first interest rate decision of 2026 on Wednesday. Kristin Myers, ETF editor-in-chief for Asset TV, joins with more.
Here's what to expect at the Fed's first interest rate meeting of 2026
Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.
Trump officials predict a 2026 economic boom. Here's what experts say.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
Justices appear skeptical of Lisa Cook firing
Embattled Federal Reserve Board Governor Lisa Cook's fight to stay on the job got a boost as Supreme Court justices appeared skeptical of President Trump's efforts to fire her. Jan Crawford has the latest.
Why SCOTUS seems skeptical of Lisa Cook firing
The Supreme Court heard arguments on Wednesday over whether President Trump exceeded his authority when he fired Lisa Cook from the Federal Reserve Board of Governors. CBS News chief legal correspondent Jan Crawford joins with the key takeaways.
Stocks jump after Trump calls off Europe tariffs
Stocks jumped on Wednesday after President Trump said he reached a framework for a deal on Greenland and backed off his tariff threat against European allies. CBS News senior business and technology correspondent Jo Ling Kent reports.
SCOTUS seems inclined to keep Cook on Fed board
The Supreme Court appears likely to allow Lisa Cook to keep her position on the Federal Reserve Board of Governors and reject President Trump's attempt to fire her for now. Arguments in the case were heard Wednesday. CBS News' Jo Ling Kent has more.
Hearing on Lisa Cook sparks concern over Fed
The Supreme Court heard arguments Wednesday over the Trump administration's desire to oust Fed Governor Lisa Cook, which sparked concern over the Federal Reserve's independence. CBS News' Katrina Kaufman has the latest.
SCOTUS hears Lisa Cook case
The Supreme Court is hearing arguments Wednesday over the Trump administration's push to fire Lisa Cook from the Federal Reserve Board of Governors. CBS News contributor Jessica Levinson and Erin Delmore, a correspondent for the BBC, a CBS News partner, discuss the arguments.
SCOTUS arguments on Lisa Cook firing attempt
The Supreme Court is hearing arguments on President Trump's bid to remove Lisa Cook from her post on the Federal Reserve Board of Governors. CBS News' Katrina Kaufman reports.
Trump is taking aim at borrowing costs. Will it work — or backfire?
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
Joe Kent under FBI investigation for alleged leaks
The FBI is investigating Joe Kent — who resigned over the war with Iran — in connection with alleged leaks of classified information, sources say.
Live
War escalates, energy prices spike after Israeli strike on Iran gas field
As Iran retaliates for an Israeli strike on the South Pars gas field, one analyst warns the war is "now hitting the plumbing of the global energy system."
Hegseth and Caine holding briefing on Iran war
Despite U.S. and Israeli strikes against senior Iranian leaders, Director of National Intelligence Tulsi Gabbard told senators Wednesday the regime "appears to be intact," although "largely degraded."
Exclusive
FBI, IRS to probe nonprofit groups for domestic terrorism links, sources say
In December, Attorney General Pam Bondi ordered law enforcement officials to prioritize efforts to probe and prosecute groups and individuals belonging to the antifa movement or are deemed "extremist."
Senate votes down effort to restrict Trump's Iran war powers
The Senate defeated a war powers resolution on Wednesday that aimed to block President Trump from ramping up the war with Iran, as the operation approaches a fourth week.
House Democrats walk out of tense briefing with Bondi over Epstein files
A group of House Democrats walked out of a closed-door briefing with Attorney General Pam Bondi on the Jeffrey Epstein probe late Wednesday, as tensions over the DOJ's handling of the Epstein case continue to simmer.
Dolores Huerta alleges assault by Cesar Chavez amid abuse claims
Allegations of abuse of women and girls by union leader Cesar Chavez were first reported by the New York Times on Wednesday.
Coast Guard investigating deaths of 2 crew members on barge off Alaska
Two tugboat crew members were killed and two others were injured in what the Coast Guard called a "confined space incident" aboard a barge in Alaska.
Rhode Island high school hockey team wins state title weeks after deadly rink shooting
Weeks after three of Colin Dorgan's family members were killed in a shooting at a Rhode Island hockey arena, he helped his team win the state championship.
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Coast Guard investigating deaths of 2 crew members on barge off Alaska
Two tugboat crew members were killed and two others were injured in what the Coast Guard called a "confined space incident" aboard a barge in Alaska.
Hegseth and Caine holding briefing on Iran war
Despite U.S. and Israeli strikes against senior Iranian leaders, Director of National Intelligence Tulsi Gabbard told senators Wednesday the regime "appears to be intact," although "largely degraded."
Rapper wins lawsuit against police over mocking their raid in music videos
The case tested the limits of parody and the license artists can take in social commentary directed at public figures.
Epstein's longtime lawyer to testify to House committee today
A lawyer who worked closely with Jeffrey Epstein for decades before becoming an executor of his estate will be questioned Thursday by the House Oversight Committee.
Live
Gabbard, intel chiefs to testify at second hearing on worldwide threats
Director of National Intelligence Tulsi Gabbard, CIA Director John Ratcliffe and other top officials will testify to the House Intelligence Committee on Thursday.
MoneyWatch
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U.S. gas prices rise as oil hits $111 a barrel
A barrel of Brent crude topped $111, while the U.S. benchmark also rose as the Iran war intensifies.
Wall Street is betting on Ukraine's drone technology
Swarmer is likely to be the first of many: a Ukrainian defense startup with an American face that leans on U.S. capital to scale production for both the Ukrainian and American militaries.
Federal Reserve holds interest rates steady, citing economic uncertainty
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
How to sign up for TSA PreCheck Touchless ID and save time at airports
Travelers hoping to bypass some of the increasingly long wait times at U.S. airports can enroll in the TSA PreCheck Touchless ID program, which is now operating at 65 locations.
Who is Josh D'Amaro, the new CEO of Disney?
As Disney CEO, Josh D'Amaro will be in charge of a massive entertainment empire that includes parks, movies and a streaming service.
Politics
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Hegseth and Caine holding briefing on Iran war
Despite U.S. and Israeli strikes against senior Iranian leaders, Director of National Intelligence Tulsi Gabbard told senators Wednesday the regime "appears to be intact," although "largely degraded."
Epstein's longtime lawyer to testify to House committee today
A lawyer who worked closely with Jeffrey Epstein for decades before becoming an executor of his estate will be questioned Thursday by the House Oversight Committee.
Live
Gabbard, intel chiefs to testify at second hearing on worldwide threats
Director of National Intelligence Tulsi Gabbard, CIA Director John Ratcliffe and other top officials will testify to the House Intelligence Committee on Thursday.
House Democrats walk out of tense briefing with Bondi over Epstein files
A group of House Democrats walked out of a closed-door briefing with Attorney General Pam Bondi on the Jeffrey Epstein probe late Wednesday, as tensions over the DOJ's handling of the Epstein case continue to simmer.
Joe Kent under FBI investigation for alleged leaks
The FBI is investigating Joe Kent — who resigned this week over the war with Iran — in connection with alleged leaks of classified information, sources tell CBS News.
HealthWatch
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Judge blocks parts of RFK Jr.'s vaccine agenda, including revised schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Changes in organ donor status can fall through cracks in the system
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Millions of Americans skip meals, stretch medication to afford health care
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
World
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Fugitive wanted in killing of Ecuadorian candidate arrested in Mexico
Ángel Esteban Aguilar Morales is one of the alleged ringleaders of the Ecuadorian criminal gang "Los Lobos" and one of the country's most-wanted fugitives.
NATO allies eye anti-drone systems: "You need it as soon as possible"
An expert in modern warfare says Iran is highlighting NATO failures "to adapt to the drone threat," and Poland is using lessons from Ukraine to fix that.
Live
War escalates, energy prices spike after Israeli strike on Iran gas field
As Iran retaliates for an Israeli strike on the South Pars gas field, one analyst warns the war is "now hitting the plumbing of the global energy system."
Costa Rica shutters its embassy in Cuba and orders diplomats to leave
Costa Rica on Wednesday closed its embassy in Havana and told Cuba's Communist government to pull its diplomats from Costa Rica.
Senate votes down effort to restrict Trump's Iran war powers
The Senate defeated a war powers resolution on Wednesday that aimed to block President Trump from ramping up the war with Iran, as the operation approaches a fourth week.
Entertainment
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Entertainment
Behind the rise of The Last Dinner Party
The band The Last Dinner Party is coming to the U.S. next week to tour its second album, "From the Pyre." The members of the band spoke to Anthony Mason about how they met, their rapid rise to fame and the support they've had along the way.
Inside the Vanity Fair Oscar party
For more than 30 years, Vanity Fair has thrown an exclusive Oscar's after party. This year, the magazine's new global editorial director Mark Guiducci decided to trim the guest list, didn't allow press inside and even required guests to put a sticker over their phone camera for privacy. He speaks to "CBS Mornings" and gives an up-close look at the party.
Nancy Guthrie investigation "becomes much harder" as time goes on, expert says
Law enforcement sources told CBS News that additional images were obtained from surveillance cameras installed at Guthrie's Tucson home, but they showed nothing suspicious.
Melissa Etheridge opens up about new music
Melissa Etheridge speaks with "CBS Mornings" about releasing her 17th studio album "Rise" later this month, writing about the loss of her son and grief.
Woman on viral Coldplay "kiss cam" speaks out
Kristin Cabot, the woman from the viral Coldplay "kiss cam" video, spoke in an exclusive interview with Oprah Winfrey about the backlash she received from that moment and how it differed from comments made about her boss Andy Byron, the CEO of their company.
Technology
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Technology
Inside NVIDIA's new chip
NVIDIA's GTC conference brought big crowds to Silicon Valley this week, with hundreds of companies showcasing products powered by NVIDIA's chips. Tim Werth, tech editor at Mashable, joins CBS News to discuss.
AI expert designs cancer vaccine for his dog
A tech entrepreneur in Australia, Paul Conyngham, said he used artificial intelligence to design a cancer vaccine for his dog Rosie. He joins CBS News with Páll Thordarson, director of the UNSW RNA Institute, who worked with Conyngham on the technology.
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.
Jury still deliberating in social media trial
Jury deliberations for a landmark social media addiction trial in California entered a fourth day Wednesday. CBS News' Elaine Quijano has the latest.
How the military is using AI in war
From intelligence to research and grant applications, artificial intelligence is playing a bigger role in government and military operations.
Science
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Discovery of 1949 whale recording could unlock mysteries of ocean
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
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.
Crime
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Fugitive wanted in killing of Ecuadorian candidate arrested in Mexico
Ángel Esteban Aguilar Morales is one of the alleged ringleaders of the Ecuadorian criminal gang "Los Lobos" and one of the country's most-wanted fugitives.
Kouri Richins found guilty | "48 Hours" Podcast
Kouri Richins, Utah author and mother, was just found guilty for murder and attempted murder of her husband Eric Richins. The state accused her of killing him with a fentanyl-laced Moscow mule in 2022 after previously attempting to poison him via a sandwich on Valentine's Day. Monday evening the jury found her guilty on all counts including insurance fraud and forgery. In a special episode, "48 Hours" correspondent Natalie Morales speaks with Skye Lazaro, former defense attorney for Richins, about the significance of the outcome and the key moments in court that let up to the verdict. This episode was recorded on March 17.
Nancy Guthrie investigation "becomes much harder" as time goes on, expert says
Law enforcement sources told CBS News that additional images were obtained from surveillance cameras installed at Guthrie's Tucson home, but they showed nothing suspicious.
Accused Latin American drug lord arrives in U.S. after years on the run
Sebastian Marset, who eluded police for years, was captured in Bolivia last week and transferred to U.S. custody.
Alleged pipe bomber argues charges should be tossed under Jan. 6 pardons
A man who was accused of planting pipe bombs outside the RNC and DNC on the eve of the Jan. 6 attack is arguing he is covered by President Trump's sweeping pardons of alleged Jan. 6 rioters.
Space
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Space
Video shows meteor streaking across the sky
A meteoroid was spotted streaking across the sky in 10 states. In some areas, there was also a loud boom, similar to an explosion. NASA says the meteor, which was traveling 45,000 mph in the sky, fragmented - causing the bright fireball and loud boom.
7-ton meteor identified as likely cause of boom heard across Ohio
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
Bill Nye on going from Boeing to science guy
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA targets April 1 for moon mission launch
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
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.
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
Sneak peek: What the Neighbors Saw
ALL NEW: Late at night a couple watches as a rolled-up carpet is carted out of a nearby home. Soon after they learn the combative neighbor who lived there is missing. "48 Hours" correspondent Peter Van Sant reports Saturday, March 21 at 10/9c on CBS and streaming on Paramount+. (Possible game delay)
3/18: The Takeout with Major Garrett
Sen. Markwayne Mullin faces tense confirmation hearing for DHS secretary job; DNI Tulsi Gabbard discusses Iran war on Capitol Hill.
WNBA players reach historic deal with league
The WNBA and its players' union reached a verbal agreement on a transformational new collective bargaining agreement. Jan Crawford has more.
Tax refund delays as IRS phases out paper checks
As the IRS pushes to phase out the use of paper checks, more than 800,000 tax filers are now facing delays in getting their refunds. CBS News national reporter Kati Weis has the details.
Dogue, fashion magazine for dogs, sued by Vogue
Dogue, a fashion magazine for dogs, is being sued by Condé Nast, the parent company of Vogue. Tony Dokoupil has details.