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.
Federal Reserve
Global oil prices hover around $90 per barrel
Global oil prices are hovering around $90 per barrel as the U.S.-Iran conflict remains volatile. Meanwhile, the Federal Reserve is set to make an interest rate decision on Wednesday. Madison Mills, a senior AI reporter for Axios, joins with more.
What to expect from next Fed Reserve meeting
The Federal Reserve is set to meet next week amid economic strains from the renewed and ongoing conflict with Iran, including higher oil prices. Ann Berry, the CEO of Threadneedle, joins with more on what to expect.
Warsh vows to tackle inflation in first testimony as Fed chairman
Federal Reserve Chairman Kevin Warsh told the House Financial Services Committee that the central bank has "no tolerance for persistently elevated inflation."
Fed Chair Warsh testifies about inflation
Federal Reserve Chair Kevin Warsh testified before the House Financial Services Committee Tuesday as new government data showed inflation rose 3.5% annually in June. Taurean Small reports from Washington, D.C.
Fed chair Kevin Warsh testifies
Federal Reserve Chair Kevin Warsh testified on Capitol Hill about the U.S. economic outlook and took questions about fiscal policy. Taurean Small has more after new data shows inflation cooled in June.
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.
Trump reacts to Supreme Court firing rulings
President Trump posted his reaction on social media Monday after the Supreme Court ruled that his firing of Federal Trade Commission member Rebecca Slaughter was lawful, but that he is not allowed to fire Federal Reserve Commissioner Lisa Cook, as legal proceedings continue. CBS News' Olivia Rinaldi has more.
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.
Supreme Court issues final rulings for term
The Supreme Court ruled against President Trump's bid to fire Lisa Cook, a member of the Federal Reserve Board of Governors, while legal proceedings over President Trump's attempt to fire her continue. The ruling comes as the highest court approaches the end of its term. Tony Dokoupil anchored this CBS News special report.
Why Fed may raise interest rates this year
The Federal Reserve's preferred inflation gauge climbed to 4.1% in May, its highest level in more than three years. Greg Robb, economics editor at MarketWatch, joins with analysis.
Key inflation gauge at highest level since 2023
The Federal Reserve's preferred inflation gauge climbed to 4.1% in May, its highest level in more than three years. Josh Schafer, Barron's Investor Circle Newsletter editor, joins with analysis.
Greenspan's "irrational exuberance" and politics
Alan Greenspan, who chaired the Federal Reserve under four U.S. presidents, died Monday at 100. In 1996, Greenspan warned about what he called "irrational exuberance." CBS News chief Washington correspondent Major Garrett explains how the phrase is exemplified in today's politics.
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.
From the archives: Alan Greenspan on systematic fear in the economy
Alan Greenspan, who worked with four presidents during his 18-year tenure as chair of the Federal Reserve, died Monday, June 22, 2026, at age 100. In this Oct. 20, 2013 "Sunday Morning" profile, Greenspan talked with Anthony Mason about what he learned from overseeing the American economy during a period of sustained growth, prior to the 2008 collapse; how to measure irrational human behavior in predicting the market; and how America's economic system is built upon trust, saying, "You break trust down, and the system implodes." Mason also talked with Greenspan's wife, NBC journalist Andrea Mitchell, about her husband's obsession with writing.
Alan Greenspan dies at 100
Alan Greenspan, a former chair of the Federal Reserve, has died at the age of 100. Greenspan led the Fed under four U.S. presidents.
Oil prices drop for first time in months
Gas prices have dropped in reaction to President Trump signing a memorandum of understanding with Iran -- but they're still a dollar higher than they were before the war, according to AAA data. CBS News business analyst Jill Schlesinger explains how markets are reacting to global relations.
Warsh on reasons for interest rate decision
Federal Reserve Chair Kevin Warsh announced no change to interest rates at his first meeting. This comes as uncertainty remains on the Iran war, which has economically slammed the U.S. and other nations. Business Insider's Akin Oyedele has more.
Fed keeps interest rates steady
As was widely expected, the Federal Reserve unanimously voted to keep interest rates unchanged on Wednesday. CBS News coordinating producer Richard Escobedo has more details.
Federal Reserve holds interest rates steady but leaves door open to hike
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
Warsh announces plan to reshape Federal Reserve
The Federal Reserve unanimously voted Wednesday to keep interest rates unchanged. It was the first rate decision under the new chair, Kevin Warsh. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Dow falls after Fed holds interest rates steady
The Federal Reserve maintained its benchmark interest rate on Wednesday in its first meeting with Kevin Warsh as chair. CBS News MoneyWatch correspondent Kelly O'Grady reports from the New York Stock Exchange.
What to expect as Kevin Warsh leads his first Fed interest rate meeting
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
Fed expected to keep interest rates steady
Investors expect the Federal Reserve to keep its current interest rate steady on Wednesday as new chair Kevin Warsh helms his first meeting. Barron's reporter Josh Schafer has more on Warsh and the rate decision.
Expectations of Fed interest rate decision
The Federal Reserve on Wednesday will hand down its first interest rate decision under its new chairman, Kevin Warsh. It comes as inflation continues to rise. Kelly O'Grady explains how the outcome could impact you.
Live
Saudi airport stays shut as Houthi attacks kill 20 people in a week
Trump says he's "looking at" firing Kimberly Guilfoyle
Rep. Omar's D.C. home searched by DHS investigators
Talarico was at home in Texas during campaign trail absence, photos indicate
Emergency help for Christa Pike was delayed, 911 calls show
Military's archbishop criticizes plan to livestream execution
RJ Mitte, "Breaking Bad" actor, dies at 34
1 dead in incident on Six Flags Over Georgia roller coaster
