Powell: Fed on track to slow aid for economy later this year
Federal Reserve chair downplays inflation and COVID-19 risks, saying the U.S. economic recovery remains on track.
Federal Reserve
July inflation index beats economists' projections
The markets are reacting positively to data from the Labor Department. It shows a slightly slower year-over-year inflation rate than economists had feared. Overall, prices are up 5.4% compared to July of last year. CBS News reporter Sarah Ewall-Wice has more on what the July Consumer Price Index means for the state of the U.S. economy.
Kashkari says Delta variant could become a "drag on our economic recovery"
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, says the spread of the Delta variant is "creating a lot of caution" that could threaten the recovery of the labor market.
Report: Rising rents could impact inflation
The cost of rent in several U.S. cities is rising as the economy recovers from the coronavirus pandemic. A New York Times report explains how those spikes could have a direct impact on the nation's inflation outlook, keeping prices elevated through the end of 2021. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joins CBSN's Lana Zak to explain.
U.S. accuses China of global cybercrime spree
The Biden administration is blaming China for widespread cybercrime, including a Microsoft hack that affected tens of thousands of private and public entities earlier this year. The Chinese embassy is calling these accusations a "malicious smear." CBS News senior White House and political correspondent Ed O'Keefe joins CBSN's Elaine Quijano to discuss these new claims, and the latest developments at the White House.
Families set to receive child tax credit payments
The federal government will begin dispersing monthly cash payments to low- and moderate-income families on July 15 as part of the child tax credit program included in the latest round of COVID relief. The rollout comes as the Federal Reserve paints a clearer picture of the current state of the economy, saying inflation will likely remain elevated in the coming months. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak with the details.
Dow has worst week since October on prospect of interest-rate hikes
Top Fed official says first rate increase could come as soon as next year, a year earlier than previous estimate.
U.S. economy adds 559,000 jobs in May
The Labor Department revealed the U.S. added 559,000 new jobs in May, nearly twice as many as April though lower than analysts' expectations. The nation's unemployment rate fell to 5.8%, its lowest point since the start of the pandemic. Michelle Meyer, head U.S. economist for Bank of America securities, joined CBSN to discuss the state of the economy.
How to navigate a zigzagging stock market
May has been a volatile month for the U.S. stock market amid concerns over inflation and how the Federal Reserve might respond. CBS News business analyst Jill Schlesinger joins CBSN to discuss how to navigate the stock market.
Fed raises interest rates
The Federal Reserve raised interest rates as expected Wednesday. And a separate economic report from the National Association of Realtors showed housing sales rose in February, even as inventory remains low. Jack Kramer, co-CEO of MarketSnacks, joins CBSN to discuss what this means for the economy.
Kashkari says economy still "in a deep hole"
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, says the state of the U.S. labor market shows the economy is still "in a deep hole."
Fed raises rates
The Federal Reserve raised interest rates Wednesday for the third time this year. SVP and chief financial analyst for Bankrate.com Greg McBride joins CBSN to discuss what the rate hikes mean for consumers.
Fed raises key interest rate
Outgoing Federal Reserve Chair Janet Yellen announced Wednesday that the Federal Reserve is raising the benchmark interest rate. The Dow surged in the wake of the news. Watch her remarks.
Trump names Fed chair
President Trump announced Thursday that Jerome Powell will be Janet Yellen's replacement as chairman of the Federal Reserve. Powell will take over the position in February. See Trump and Powell's full remarks from the White House.
Who will Trump pick for Fed?
President Trump says he is "thinking about" keeping Janet Yellen on as chair of the Federal Reserve board. Trump made the remarks in an interview with FOX Business Network's Lou Dobbs.
Yellen: Federal spending could drive a rise in interest rates
The Treasury secretary's remarks come as the president is pushing two proposals totaling $4 trillion.
Latest MoneyWatch headlines
Fed to decide interest rates Wednesday, Time Inc. cuts 300 jobs, and tech stocks rebound. These headlines and more from CBS MoneyWatch
Latest MoneyWatch headlines
The Fed begins a two-day meeting to decide interest rates, and tech stocks under pressure as growth concerns rise. These headlines and more from CBS MoneyWatch.
Latest Moneywatch headlines
Fed downplays Q1 weakness; Japan wants smaller Pacific trade pact; and American Airlines plans to cut legroom. These headlines and more from CBS MoneyWatch.
Ben Bernanke interview
Former Federal Reserve chairman Ben Bernanke joins CBSN to discuss the government spending bill and President Trump's challenges with economic growth.
Fed Hikes Interest Rates
The Federal Reserve raised interest rates, which could affect mortgage rates and credit card payments. Yahoo finance markets reporter Myles Udland joins CBSN to discuss.
Interest rate hike
The Federal Reserve has raised its benchmark interest rate from 0.75 percent to 1 percent. Scott Gamm, correspondent for TheStreet TV, joins CBSN to discuss how this will affect the economy.
Fed calls inflation "transitory," holds interest rates steady
Signs of economic growth are stoking fears of price hikes, but Fed policymakers say any inflation will be short-lived.
Interest-rate hike?
In a much anticipated speech Friday at the Central Bank's annual Jackson Hole Summit, Federal Reserve Chair Janet Yellen expressed optimism about the U.S. economy. Most experts expect the Central Bank will raise its historic low interest rate before the end of the year. Financial expert Vera Gibbons, senior consumer analyst with GasBuddy.com, joins "CBS This Morning" to discuss the "ambiguity" of a possible interest-rate hike and factors to watch for, including the upcoming August jobs report.
Fed sees economy grow
A new Federal Reserve survey finds modest economic growth in most parts of the U.S.; Amazon says Prime Day was its biggest sales-volume day ever; and Forbes says Dallas Cowboys are worth $4 billion. These headlines and more from CBS MoneyWatch.
Live
Federal agents fatally shoot another Minneapolis resident, officials say
The shooting comes as tensions over a surge in ICE enforcement actions have the area on high alert.
Latest forecast maps show fresh predictions for winter storm
As millions of Americans hunker down for the winter storm, 17 states and Washington, D.C., have declared states of emergency.
Trump threatens Canada with 100% tariffs over its new China trade deal
President Trump on Saturday threatened to impose a 100% tariff on goods imported from Canada if America's northern neighbor went ahead with its trade deal with China.
What we know about latest shooting by federal agents in Minneapolis
A man is dead after a shooting in Minneapolis on Saturday involving federal immigration agents from Customs and Border Protection, a U.S. official with knowledge of the incident told CBS News.
Flights canceled, states of emergency declared as winter storm bears down
More than 200 million people are under winter storm threats as officials brace for power outages and travel difficulties.
Iran's Revolutionary Guard warns U.S. as warships head toward Middle East
Tension remains high between Iran and the U.S. in the wake of a bloody crackdown on protests.
Appeals court sees probable cause but refuses to order Don Lemon's arrest
The ruling made public on Saturday did not identify the names of the five defendants for whom the Justice Department is seeking arrest warrants, but multiple sources confirmed to CBS that Lemon is one of them.
Peace talks end constructively, Ukraine's Zelenskyy says, with more possible
The talks are the first known instance that officials from the Trump administration have sat down with Russia and Ukraine.
How much snow are you getting this weekend? See the forecast.
A winter storm is forecast to dump up to 24 inches of snow in some places this weekend, and many are wondering: How much snow are we actually getting?
U.S.
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Appeals court sees probable cause but refuses to order Don Lemon's arrest
The ruling made public on Saturday did not identify the names of the five defendants for whom the Justice Department is seeking arrest warrants, but multiple sources confirmed to CBS that Lemon is one of them.
What we know about latest shooting by federal agents in Minneapolis
A man is dead after a shooting in Minneapolis on Saturday involving federal immigration agents from Customs and Border Protection, a U.S. official with knowledge of the incident told CBS News.
Flights canceled, states of emergency declared as winter storm bears down
More than 200 million people are under winter storm threats as officials brace for power outages and travel difficulties.
Latest forecast maps show fresh predictions for winter storm
As millions of Americans hunker down for the winter storm, 17 states and Washington, D.C., have declared states of emergency.
Where to watch UFC 324 live tonight to see Paddy Pimblett vs. Justin Gaethje and more fighters show down
UFC 324 features a stacked fight card. Here's the schedule, time and information on where to watch the UFC event.
MoneyWatch
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Here's what it takes to achieve an 800 credit score
Only one in four Americans has a credit score above 800, which is considered exceptional, according to industry data.
Bank of America may introduce credit card with 10% APR
Facing pressure from President Trump, credit card issuers are exploring ways to ease borrowing costs.
How to heat your home safely as fierce winter storm grips the U.S.
Federal safety regulators warn that home heating equipment can spark fires or emit carbon monoxide. Here's what to know.
What to know about EVs as the winter storm brings bone-chilling temps
Cold weather can reduce the efficiency of electric vehicles, shortening their driving range. These tips can help.
Tesla Cybertruck sales plunged 48% in in 2025
Other Tesla vehicles also struggled to attract buyers, with sales of its X, S and Y models all sinking from the previous year.
Politics
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Appeals court sees probable cause but refuses to order Don Lemon's arrest
The ruling made public on Saturday did not identify the names of the five defendants for whom the Justice Department is seeking arrest warrants, but multiple sources confirmed to CBS that Lemon is one of them.
Iran's Revolutionary Guard warns U.S. as warships head toward Middle East
Tension remains high between Iran and the U.S. in the wake of a bloody crackdown on protests.
Trump threatens Canada with 100% tariffs over its new China trade deal
Canada this month negotiated a deal to lower tariffs on Chinese electric vehicles in return for lower import taxes on Canadian farm products.
Minnesota AG Keith Ellison accuses White House of "politics and retribution"
Minnesota Attorney General Keith Ellison said he has seen "no evidence" of a federal investigation into the fatal shooting of Renee Good by an ICE officer earlier this month.
Epstein's inner circle subpoenaed to testify before House Oversight Committee
Jeffrey Epstein's lawyer, accountant and billionaire benefactor were issued subpoenas to testify before the committee in February and March.
HealthWatch
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Heart failure threatened her pregnancy. A first-of-its-kind procedure saved it.
Cassandra King was thrilled to be pregnant after years of fertility struggles and multiple miscarriages. Then a sudden cardiac event threatened everything.
Loss of measles-free status would be "cost of doing business," new CDC deputy says
After a year of ongoing measles outbreaks that have sickened more than 2,400 people, the United States is poised to lose its status as a measles-free country.
Measles cases surge in South Carolina as U.S. risks elimination status
An infectious disease physician and former CDC official said he does not "have faith" that the U.S. is "handling measles very well."
Tylenol not linked to autism, new study shows
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Woman gets her life back after rare transplant: "Prepared for the worst"
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
World
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Peace talks end constructively, Ukraine's Zelenskyy says, with more possible
The talks are the first known instance that officials from the Trump administration have sat down with Russia and Ukraine.
Iran's Revolutionary Guard warns U.S. as warships head toward Middle East
Tension remains high between Iran and the U.S. in the wake of a bloody crackdown on protests.
Trump threatens Canada with 100% tariffs over its new China trade deal
Canada this month negotiated a deal to lower tariffs on Chinese electric vehicles in return for lower import taxes on Canadian farm products.
Australian boy dies days after being bitten by shark in Sydney Harbor
The Sydney shark attack that killed Nico Antic was one of four recorded in the span of two days.
U.S. carries out 35th strike on alleged drug boat, first since Maduro capture
It's the 35th strike on alleged drug-smuggling boats since early September 2025, and the first since the U.S captured former Venezuelan President Nicolás Maduro.
Entertainment
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Entertainment
Lily Fitts performs "Beat Me To It"
Massachusetts-based Lily Fitts originally gained a following for her viral song covers, which were shared by artists like The Lumineers and Noah Kahan. Her debut album "Getting By" captured attention for its honest and raw lyrics, and she's got more coming soon. Here's Lily Fitts performing "Beat Me To It."
Lily Fitts performs "Brown Eyed Baby"
Massachusetts-based Lily Fitts originally gained a following for her viral song covers, which were shared by artists like The Lumineers and Noah Kahan. Her debut album "Getting By" captured attention for its honest and raw lyrics, and she's got more coming soon. Here's Lily Fitts performing "Brown Eyed Baby."
Lily Fitts performs "Lose You Now"
Massachusetts-based Lily Fitts originally gained a following for her viral song covers, which were shared by artists like The Lumineers and Noah Kahan. Her debut album "Getting By" captured attention for its honest and raw lyrics, and she's got more coming soon. Here's Lily Fitts performing "Lose You Now."
Madison Beer opens up about music journey
Madison Beer says music has always been her escape since she started writing songs at just 6 years old. But the 26-year-old has had to navigate ups and downs in her journey to stardom. Anthony Mason reports.
"Sinners" breaks Oscar nominations record
"Sinners" set an all-time record for the most Oscar nominations with 16, including for best picture. Not far behind is "One Battle After Another" with 13 nominations. Meanwhile, "Wicked: For Good" received zero nominations, even in categories where the first "Wicked" movie won just last year.
Technology
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Microsoft says outage affecting several services has been resolved
Microsoft services were down for thousands of users, according to tracking service Downdetector.
Snapchat's parent company settles lawsuit
Snapchat's parent company, Snap Inc., settled a lawsuit surrounding allegations of social media addiction burdening users. CBS News' Shanelle Kaul reports.
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.
Elon Musk says at Davos that robots will one day outnumber people
The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.
YouTube looks to get rid of fake AI videos
YouTube says it wants to get rid of fake AI videos flooding social media feeds on its platform. CBS News MoneyWatch correspondent Kelly O'Grady explains what's driving the change.
Science
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Science
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.
Dogs can learn by eavesdropping: study
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Fossils found in cave shed light on where our species emerged
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
Crime
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Crime
Officials on 5-year-old boy detained by ICE
Trump administration officials are denying accounts from witnesses who say they saw what occurred during a Minnesota ICE raid where a 5-year-old boy and his father were detained.
Jury selection date set in Mangione trial
At a pretrial hearing on Friday, a judge set the date for jury selection in the case of Luigi Mangione, who is accused of killing UnitedHealthcare CEO Brian Thompson. CBS News legal reporter Katrina Kaufman was in the courtroom and has the details.
New video shows Ryan Wedding in FBI custody
CBS News has obtained video of the moment FBI agents escorted former Olympic snowboarder and accused drug kingpin Ryan Wedding off a plane in California. CBS News' Anna Schecter has the details.
5-year-old Liam Ramos detained by ICE
Five-year-old Liam Ramos is now being held at an ICE detention facility in Texas, CBS News' Camilo Montoya-Galvez reports. Here's what we know about the case.
Ryan Wedding arrested, officials say
Ryan Wedding, the former Olympic snowboarder who allegedly became a drug kingpin and is accused of orchestrating multiple murders, has been arrested, FBI Director Kash Patel announced on Friday. CBS News' Anna Shecter reports.
Space
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Space
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.
NASA hauls Artemis II moon rocket to launch pad for February flight
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA begins Artemis II rollout to launchpad
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
NASA moon rocket ready for trip to launch pad
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
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
More Latest CBS News Videos
Latest CBS News Videos
Minneapolis mayor speaks about fatal shooting
Minneapolis Mayor Jacob Frey pleaded with President Trump to remove federal agents from the city after a 37-year-old man was shot and killed on Saturday. "To President Trump: This is a moment to act like a leader," Frey said. "Put Minneapolis, put America first in this moment."
Minneapolis officials give update on shooting
Minneapolis Mayor Jacob Frey, Police Chief Brian O'Hara, and Director of Emergency Management Rachel Sayre provided updates on Saturday after a federal agent fatally shot a 37-year-old man.
Chuck Klosterman's unique take on football
Author and essayist Chuck Klosterman shares his thoughts on football with "CBS Saturday Morning."
The Dish: Eleven Madison Park
On this weekend's installment of "The Dish," "CBS Saturday Morning" goes inside one of the world's most acclaimed restaurants: Eleven Madison Park.
Federal agents fatally shoot another person
Federal agents in Minneapolis shot and killed another person on Saturday, officials say. CBS News Minnesota has the latest.