Transcript: Atlanta Fed CEO Raphael Bostic on "Face the Nation"
The following is a transcript of an interview with Atlanta Fed's Raphael Bostic that aired Sunday, Sept. 25, 2022, on "Face the Nation."
Federal Reserve
Fed rate hike raises recession fears
The Federal Reserve's decision to raise interest rates yet again has renewed recession concerns on Wall Street. Chris Campbell, chief policy strategist at the Kroll Institute, reacted to the Fed's decision and how it will impact Americans.
Housing market slows as mortgage rates rise
The U.S. housing market slowed in August for the seventh consecutive month this year. CBS News speaks with George Ratiu, the manager of economic research at realtor.com, about what's driving the downturn in home sales.
How will interest rate hike affect Americans?
The Federal Reserve raised interest rates for a third consecutive time with Chair Jerome Powell saying there could be more aggressive hikes in the future to combat inflation. Economist Joe Brusuelas joined "CBS News Mornings" with the latest.
Fed hikes key interest rate yet again
The Federal Reserve approved a third consecutive 0.75 percentage point hike to its benchmark interest rate Wednesday in an effort to tackle record inflation. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joined John Dickerson to discuss the impact of the interest rate hikes on the U.S. economy.
Stock market reacts to Fed interest rate hike
Stocks fell sharply Wednesday when the Federal Reserve announced it was raising interest rates again another 75 basis points. Liz Young, head of investment strategy at SoFi, joined CBS News to discuss what the Fed's announcement means for the future of the U.S. economy.
Federal Reserve raises interest rates again
CBS News correspondent Christina Ruffini and Yahoo Finance reporter and anchor Akiko Fujita discussed the Federal Reserve's latest interest rate increase.
Central bank expected to hike interest rates
The Federal Reserve is expected to announce interest rate hikes to combat high inflation. John Leer, chief economist at Morning Consult, joins "CBS News Mornings" to explain when and where people will notice the impacts of another rate hike.
Federal Reserve hikes key interest rate again
The Federal Reserve raised its benchmark interest rate by 0.75 percentage point as it tries to slow spending to lower inflation without pushing the economy into a recession.
Interest rate hike expected
While the cost of groceries and rent are still rising, the Federal Reserve is expected to hike interest rates again today in an effort to quell high inflation. Nancy Cordes reports from the White House.
Interest rate hikes affect auto loans
The Federal Reserve is expected to announce a fifth interest rate hike, which will have ripple effects on everything from credit card debt to student loans. Anne-Marie Green breaks down the impact on vehicle prices and auto loan debt.
Who will interest rate hike affect the most?
The Federal Reserve is expected to announce a third consecutive interest rate hike Wednesday. This action would be the fifth rate increase this year. Mark Hamrick, a senior economic analyst for Bankrate.com, joined CBS News to discuss what's behind this likely action and how it would impact Americans.
Fed hikes key interest rate another 0.75 percentage point
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
This is how the Fed's latest interest-rate hike will affect you
The central bank said it is boosting rates by 0.75 percentage point. Expect to pay more for credit card debt and loans.
Biden aims to rally support for Ukraine at U.N.
President Biden is addressing the United Nations General Assembly in New York City. He is expected to discuss the ongoing war in Ukraine and efforts by the U.S. and allies to provide more aid. CBS News political correspondent Caitlin Huey-Burns discussed with Vladimir Duthiers and Anne-Marie Green.
Fed expected to raise interest rates again
The Federal Reserve is expected to raise interest rates for a fifth time Wednesday as part of ongoing efforts to curb inflation. Thomas Hogan, a senior fellow at the American Institute for Economic Research, joined CBS News to discuss the immediate and long-term impacts of the increase.
Another interest rate hike expected
As President Biden sets off to attend the U.N. General Assembly in New York Tuesday, the Federal Reserve is expected to hike interest rates again on Wednesday in an effort to quell high inflation. Nancy Cordes reports from the White House.
Stocks in flux ahead of Fed meeting
The Federal Reserve has twp-day meeting starting Tuesday and economists are preparing for another interest rate hike to come out of it. Saira Malik, chief investment officer of Nuveen, joins CBS News at the closing bell to discuss what is driving the market.
How mortgage rates affect housing market
Experts expect the Federal Reserve to raise interest rates later this week as it continues to fight inflation. Mortgage rates have also jumped in recent months. Mark Zandi, chief economist of Moody's Analytics, joined Lilia Luciano to discuss what high mortgage rates mean for the housing market.
Markets fall to close out week
All three major stock indexes ended the week with losses for the fourth time in five weeks. Victoria Fernandez, chief market strategist at Crossmark Global Investments, joins CBS News to discuss what it means for the U.S. economy.
Reaction to jobs and retail rales reports
David Kelly, the chief global strategist for J.P. Morgan Asset Management, joins CBS News to discuss the drop in first-time jobless claims last week and last month's rise in retail sales. He also shares his expectations for next week's highly anticipated Federal Reserve meeting.
Fed announces 0.75% rate hike
The Federal Reserve announced it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994, as it seeks to combat the biggest surge in U.S. inflation in four decades. CBS News senior White House and political correspondent Ed O'Keefe and Stephen Gandel, news editor for The New York Times' DealBook, join CBS News to discuss the implications of the decision.
Stocks plummet after August inflation report
Stocks dropped after the latest Consumer Price Index report showed U.S. inflation remains high. The Dow tumbled nearly 1,300 points Tuesday for the worst day since June 2020. Wall Street Journal reporter Dion Rabouin joins CBS News to discuss the market reaction.
August CPI report to be released Tuesday
Brent Wilsey, president of Wilsey Asset Management, joins CBS News to share expectations for the monthly Consumer Price Index report, which will be released Tuesday. He also discusses how this report could affect the Federal Reserve's upcoming meeting and the interest rate hike the central bank is expected to announce.
Fed chair signals another rate hike could be coming
Robert C. Hockett, a law professor at Cornell University, joined CBS News to discuss how another interest rate hike could impact the economy. This comes after Federal Reserve Chairman Jerome Powell hinted this week that yet another hike could be coming. Hockett also evaluates the importance of the strong labor market amid high inflation.
Live
UAE accuses Iran of Hormuz attacks as Vance says cheap gas is "goal number one"
The UAE accuses Iran of attacking two vessels in the Strait of Hormuz as Vance says cheap oil and gas is "goal number one" from the war.
Tropical Storm Lala nearing Hawaii, hurricane warning issued for Big Island
Tropical Storm Lala could bring heavy rain, high winds and dangerous surf and rip currents to the Hawaiian Islands as a hurricane this weekend, forecasters say.
Luigi Mangione in talks about possible guilty plea with court date Friday, sources say
Luigi Mangione, accused in the 2024 killing of UnitedHealthcare CEO Brian Thompson, is in discussions about a possible plea deal on federal charges, sources familiar with the matter told CBS News.
Kennedy Center board votes to restore Trump's name on building
The Kennedy Center's board of trustees voted to add President Trump's name to the facade of the performing arts center, more than two months after a judge ordered its removal, according to a Democrat who sits on the center's board.
Flock CEO responds to abuses of its surveillance technology
The CEO of Flock Safety apologized for alleged abuses of its service by law enforcement officers as the company rolled out new changes to how it operates.
American missionary kidnapped in Niger in October is freed, his organization says
An American missionary who was kidnapped in Niger in October has been released, his organization says, adding that Kevin Rideout "is in good health in the care of U.S. officials."
Baby in surrogate dispute now in custody of parents, lawyer says
The baby at the center of a surrogacy dispute was born in Texas Wednesday and has hypoplastic left heart syndrome, a rare heart defect.
Senators demand answers about conditions aboard USS Abraham Lincoln
Senate Democrats are demanding answers about conditions aboard the USS Abraham Lincoln during the aircraft carrier's record-setting deployment.
Floodwaters submerge Midwest neighborhoods bracing for more severe storms
Muddy floodwaters seeped into the homes of Indiana and Ohio residents this week, as severe storms struck the Midwest. Now, some areas are bracing for even more rain.
U.S.
More U.S.
Evidence of bird strike after man nearly sucked out of plane window, NTSB says
A bird strike may have been the cause of an incident in which a passenger was nearly sucked out of a broken window aboard a Ryanair flight in Europe last month, the NTSB found.
3 executions carried out in a single day, first time since 2010
Tennessee and Oklahoma executed inmates within 30 minutes of each other on Thursday, followed by Alabama later in the day.
Flock CEO responds to abuses of its surveillance technology
The CEO of Flock Safety apologized for alleged abuses of its service by law enforcement officers as the company rolled out new changes to how it operates.
AI is driving up consumer prices. That won't stop anytime soon.
Surging AI investment is pushing up the cost of smartphones and other gadgets, according to analysts. Here's why.
Jury selected for Tupac Shakur murder trial, opening statements expected Monday
A jury of six men and 10 women was selected to hear the case against an ex-gang leader accused of orchestrating Tupac Shakur's killing nearly 30 years ago.
MoneyWatch
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AI is driving up consumer prices. That won't stop anytime soon.
Surging AI investment is pushing up the cost of smartphones and other gadgets, according to analysts. Here's why.
Record-breaking heat takes mounting toll on the U.S. economy
Heat waves are dealing a financial blow to businesses and creating hazardous conditions for workers, according to climate experts.
Can taking weight-loss drugs help you get hired? Yes, if you're a woman.
Going on GLP-1 drugs significantly boosted unemployed women's chances of finding a job, according to a Harvard economist.
Reese's Halloween pumpkins hit shelves unchanged after lawsuit victory
Hershey said the Halloween-shaped candy, which had sparked a lawsuit over the product's lack of detail, will return in its familiar oval shape.
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.
Politics
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Live
UAE accuses Iran of Hormuz attacks as Vance says cheap gas is "goal number one"
The UAE accuses Iran of attacking two vessels in the Strait of Hormuz as Vance says cheap oil and gas is "goal number one" from the war.
Kennedy Center board votes to restore Trump's name on building
The Kennedy Center's board of trustees voted to add President Trump's name to the facade of the performing arts center, more than two months after a judge ordered its removal, according to a Democrat who sits on the center's board.
Trump administration's antisemitism lawsuit against Harvard dismissed
The lawsuit was one of many steps against Harvard that the Trump administration has taken since President Trump's return to office, in addition to attempting to cancel billions of dollars in federal funds.
DOJ leaves in place ruling that deregulates silencers, shotguns
A Texas judge earlier this month issued a ruling that deregulated silencers, shotguns and certain rifles.
Robert Gilman was on "death's door" before Russia freed him, advocate says
Robert Gilman, a U.S. Marine veteran, was imprisoned in Russia for over four years and now faces a long road to recovery, says a hostage crisis expert who advocated for Gilman's release.
HealthWatch
More HealthWatch
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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Live
UAE accuses Iran of Hormuz attacks as Vance says cheap gas is "goal number one"
The UAE accuses Iran of attacking two vessels in the Strait of Hormuz as Vance says cheap oil and gas is "goal number one" from the war.
American missionary kidnapped in Niger in October is freed, his organization says
An American missionary who was kidnapped in Niger in October has been released, his organization says, adding that Kevin Rideout "is in good health in the care of U.S. officials."
Poland says it thwarted Russian plot to kill an American citizen
Polish Prime Minister Donald Tusk said the suspect was allegedly recruited by Russia's secret services.
They've survived 2 major earthquakes in Colombia: "A sense of powerlessness"
Colombia earthquake survivors are facing major loss and a yearslong road to recovery filled with grief and uncertainty. Here's what responders say will happen next.
Robert Gilman was on "death's door" before Russia freed him, advocate says
Robert Gilman, a U.S. Marine veteran, was imprisoned in Russia for over four years and now faces a long road to recovery, says a hostage crisis expert who advocated for Gilman's release.
Entertainment
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Entertainment
Becky G gives behind-the-scenes look
"CBS Mornings" co-host Gayle King went inside a rehearsal with singer Becky G as she gives fans a sneak peek at a new single before her upcoming album's release.
Recipe: Amish Peanut Butter Pie
Lovina Hershberger Zook, who left the Amish faith, today shares recipes of the Amish with her more than six million followers on social media.
"CBS Sunday Morning" launches new series of live events at the 92nd Street Y in NYC, debuting with Sylvester Stallone
America's #1 Sunday morning news program announces a new collaboration beginning Sept. 28 to bring conversations with the biggest newsmakers in the arts, politics and culture to the stage, and streamed online.
Exclusive
Becky G reflects on advocacy in new music, rise to fame
Becky G spoke exclusively with "CBS Mornings" co-host Gayle King about her rise to fame, being the breadwinner of the family at a young age and her new music.
Becky G on her rise to fame, new music
Singer Becky G was signed to a record label at just 14 years old. She spoke exclusively to "CBS Mornings" co-host Gayle King about her rise to fame, advocacy in her new music and major collaborations.
Technology
More Technology
Technology
Tim Cook on American-made Apple products
CBS News' Jo Ling Kent speaks with outgoing CEO Tim Cook about Apple's new focus on American manufacturing and what he thinks he's stood for as the head of the company.
AI is driving up consumer prices. That won't stop anytime soon.
Surging AI investment is pushing up the cost of smartphones and other gadgets, according to analysts. Here's why.
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.
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.
Science
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Science
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.
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.
Crime
More Crime
Crime
Flock CEO outlines new privacy plan
Garrett Langley, the CEO of surveillance technology company Flock Safety, apologized Thursday for instances where its data was misused by law enforcement officers and discussed changes the company is rolling out to its systems. Meanwhile, a Massachusetts police officer is accused of using the cameras to track an ex-girlfriend. CBS News Boston's Logan Hall reports.
Mangione potential federal plea deal
Sources tell CBS News that Luigi Mangione, the man accused of killing United Healthcare CEO Brian Thompson, is in talks over a federal plea deal. CBS News legal reporter Katrina Kaufman has more.
Lindsay Clancy texts, searches read in court
Lindsay Clancy appeared more composed in court on Thursday as the jury heard about her internet searches and private text messages. Shanelle Kaul has more details.
Possible plea deal in Luigi Mangione trial
Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson, may be preparing to accept a plea agreement, avoiding a federal trial and possibly life in prison, sources say. Tom Hanson reports.
Flock CEO responds to abuses of its surveillance technology
The CEO of Flock Safety apologized for alleged abuses of its service by law enforcement officers as the company rolled out new changes to how it operates.
Space
More Space
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.
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.
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Photos show celebrations at Obama Presidential Center
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Timeline: The disappearance of George Smith
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Latest CBS News Videos
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Hegseth on USS Abraham Lincoln conditions
Senate Democrats are demanding answers about conditions aboard the USS Abraham Lincoln, a carrier stationed in the Middle East. Democratic Sen. Richard Blumenthal of Connecticut said the carrier has been deployed for 250 days and has not come ashore in over 200 days, setting a record. Defense Secretary pushed back against reports of poor conditions. CBS News' Charlie D'Agata reports.
Details on U. of Michigan pass/fail grading
Shea Vance, a reporting fellow at The Chronicle of Higher Education, joins "The Daily Report" to discuss the University of Michigan's new pass/fail grading system for first-semester freshmen.
Ruling deregulates silencers, shotguns
Some Americans can now own short-barreled rifles, shotguns and silencers without registering them with the federal government after the Trump administration declined to pause a Texas judge's ruling that deregulated the weapons. CBS News' legal contributor Jessica Levinson offers her analysis.
Democrats to finalize 2028 primary calendar
Democratic leaders are meeting in Austin, Texas, this week to finalize the party's 2028 presidential primary calendar. CBS News' Fin Gómez has the details.
Retired Marine colonel on USS Lincoln concern
Mark Cancian, a retired Marine colonel and a senior adviser at the Center for Strategic and International Studies, joins "The Daily Report" to discuss news of concerning conditions aboard the USS Lincoln after a sailor is reported to have gone overboard.