Boston Fed predicts "double- digit unemployment" through end of 2020
Eric Rosengren says a vaccine is needed to have unemployment levels to return to pre-covid rates.
Federal Reserve
Stephen Moore withdrawing as Fed nominee
Stephen Moore, President Trump's pick for the Federal Reserve Board who had become highly controversial over his comments about women and his views on monetary policy, is withdrawing his name from consideration, the president tweeted Thursday afternoon. Reena Ninan has more.
Fed cuts key rate for 1st time in a decade
U.S. unemployment is down, and the economy is expanding, but concerns about slowing global growth has prompted the Federal Reserve to cut its key interest rate by a quarter-point for the first time in more than a decade. CBS News business analyst Jill Schlesinger joined CBSN to explain what's behind the decision.
Fed cuts key interest rate
The cost of borrowing is going down, but so is the return on savings, after the Federal Reserve cut a key interest rate. CBS News business analyst Jill Schlesinger joins "CBS Evening News" to explain how it will impact Americans.
What the Fed interest rate cut means for you
The cost of borrowing is coming down. For the first time since the 2008 financial crisis, the Federal Reserve cut interest rates. The central bank lowered the benchmark federal funds rate by a quarter percentage point Wednesday. The decision could make it easier for consumers to borrow money, on everything from credit cards to car loans. CBS News business analyst Jill Schlesinger joins "CBS This Morning" with a look at what the decision means for your wallet.
Potential impact of Fed interest rate cut
The Federal Reserve lowered interest rates by a quarter point for the first time in more than a decade. The aim is to bolster the U.S. economy amid early signs of a global slowdown. CBS News business analyst Jill Schlesinger joins CBSN to explain how the central bank's move impacts you.
Housing market reacts to Fed decision
Real estate expert Rogers Healy explains how the housing market is reacting to the Federal Reserve's decision to lower interest rates for the first time in a decade.
"Inverted yield curve" sparks recession fears
Investors are uncertain about the economy after the yield curve, an indicator on the bond market, inverted for the first time in more than a decade, potentially signaling the risk of recession. CBS News correspondent Don Dahler reported from the New York Stock Exchange.
Trump putting economy front & center for 2020
President Trump is focusing on the economy ahead of the 2020 election. But a recent CBS News poll shows Americans are split on the future of the economy. Axios' Alayna Treene, The Washington Post's Heather Long, and Republican strategist Kevin Sheridan join CBSN's "Red and Blue" to discuss.
NYT: Fed chips away at bank regulations
The Federal Reserve is making a series of changes to requirements put in place to prevent a repeat of the 2008 financial crisis. According to the New York Times, the changes could add up to a weakening of banks' ability to withstand financial losses if the economy takes a turn for the worse. New York Times Federal Reserve and economy reporter Jeanna Smialek joins CBSN to discuss.
What interest rate cuts mean for your money
Federal Reserve Bank leaders, working to prevent an economic slowdown, begin two days of meetings on Tuesday. Economists predict they will announce an interest rate cut of 25 basis points, or a quarter of a percent. It would be the second cut this year. CBS News business analyst Jill Schlesinger joins “CBS This Morning” to discuss how this could affect your bottom line.
Fed cuts interest rates for 3rd time in 2019
The Federal Reserve has lowered its benchmark interest rate for the third time this year, in a bid to shore up U.S. economic growth. The central bank also signaled that this rate cut might be the last for a while, barring a sharp downturn in the economy.
ICYMI: A look back at Sunday's 60 Minutes
This week on 60 Minutes: Federal Reserve Chairman Jerome Powell on the coronavirus-ravaged economy; Norah O'Donnell interviews whistleblower Rick Bright; And, what will be the long-term effects of the coronavirus pandemic?
Fed Chair Jerome Powell on the coronavirus-ravaged economy
The head of the U.S. central banking system tells Scott Pelley how high he thinks unemployment will go, what tools the Fed still has to breathe life into the economy and what outcomes he's trying to avoid on the road to economic recovery.
Fed Chair Powell: The U.S. won't have negative interest rates
As President Trump calls for negative rates, Federal Reserve Chairman Jerome Powell tells 60 Minutes the central bank won't lower interest rates below zero.
Full Transcript: Fed Chair Jerome Powell's 2020 60 Minutes interview
Jerome Powell lays out his thoughts on getting the economy back to its pre-coronavirus numbers. The transcript from the Federal Reserve chairman's interview with Scott Pelley.
Fed Chair Powell: No negative interest rates
As President Trump calls for negative rates, Federal Reserve Chairman Jerome Powell tells 60 Minutes the central bank won’t lower interest rates below zero.
Why the Fed chair keeps talking to 60 Minutes
The Chairman of the Federal Reserve seldom gives interviews, but Ben Bernanke and Jerome Powell have both granted them to Scott Pelley in trying times for the U.S. economy.
Why the Fed chair keeps talking to 60 Minutes
The Chairman of the Federal Reserve seldom gives interviews, but Ben Bernanke and Jerome Powell have both granted them to Scott Pelley in trying times for the U.S. economy.
Jerome Powell: The 2020 60 Minutes interview
The head of the U.S. central banking system tells Scott Pelley how high he thinks unemployment will go, what tools the Fed still has to breathe life into the economy and what outcomes he's trying to avoid on the road to economic recovery.
Fed chair says don't bet against American economy
"This economy will recover. It may take a while. It may take a period of time. It could stretch through the end of next year. We really don't know," Federal Reserve Chairman Jerome Powell told Scott Pelley.
Fed Chair Jerome Powell speaks to 60 Minutes
See the interview, Sunday at 7 p.m. ET/PT on CBS
Fed Chair Jerome Powell speaks to 60 Minutes
See the interview, Sunday at 7 p.m. ET/PT on CBS
Fed slashes interest rates
The Federal Reserve cut its benchmark interest rate by a half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Axios chief financial correspondent Felix Salmon joins CBSN with the details.
Fed cuts interest rates amid coronavirus fears
The Federal Reserve cut interest rates this morning after days of market ups and downs amid the coronavirus outbreak. Axios chief financial correspondent Felix Salmon joined CBSN to talk about the outbreak's impact on the markets.
Live
Trump welcomes China's Xi for state dinner at White House
President Trump is hosting Chinese President Xi Jinping for meetings and a state dinner, as the world's two most powerful countries try to extend a tariff truce.
Investigation
Commander rejected plans to rebase before deadly drone strike, sources say
Sources tell CBS News that despite warnings about the vulnerability of the outpost in Kuwait, a commander opted not to rebase farther from Iran.
Journalists regain access to White House after judge blocks Trump's media ban
Reporters whose White House access was revoked were allowed to enter the complex again, hours after a judge ordered the Trump administration to restore their press credentials.
Israel's Netanyahu addresses U.N. as many leaders walk out
Benjamin Netanyahu focused on Iran, and on defending Israel's actions in Gaza and the West Bank amid condemnation from fellow leaders at the U.N.
GOP Sen. Thom Tillis on Trump-Xi visit: "It's a WTF moment"
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
Live
Oil prices back up as U.S. and Iran trade threats to expand 7-month war
As Iran responds to Trump's threat of annihilation with its own warning of a possible "new front" in the war, global oil prices are rising again.
New Trump-focused "Love Me" ad campaign paid for by taxpayers hits airwaves
Ads promoting President Trump and paid for by American taxpayers are now airing on network and national cable.
Pentagon probing how shipment of F-35 fighter jet parts was diverted
The U.S. is trying to retrieve the parts, which were reported by Bloomberg News to be in China's possession.
Netanyahu says "shame on you" to Mamdani, claims "Jews no longer feel safe"
Netanyahu's address to the U.N. marks the first time he has visited New York since Mamdani became mayor.
U.S.
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Bob Pettit, NBA Hall of Famer and its first MVP, dies at 93
Bob Pettit was an All-American at LSU before going on to the NBA, where he was an All-Star for each of his 11 seasons, all with the Hawks. He led them to the 1958 championship over the mighty Boston Celtics, the Hawks' lone title.
Mistress testifies in trial of "American Idol" contestant charged in wife's murder
Caleb Flynn, a former "American Idol" contestant, is charged with killing his wife Ashley Flynn in February and then staging the crime scene.
New Trump-focused "Love Me" ad campaign paid for by taxpayers hits airwaves
Ads promoting President Trump and paid for by American taxpayers are now airing on network and national cable.
GOP Sen. Thom Tillis on Trump-Xi visit: "It's a WTF moment"
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
New bill would lower Social Security retirement age for some workers
Workers in physically demanding jobs should be able to collect full Social Security retirement benefits at age 60, a Michigan lawmaker says.
MoneyWatch
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New bill would lower Social Security retirement age for some workers
Workers in physically demanding jobs should be able to collect full Social Security retirement benefits at age 60, a Michigan lawmaker says.
Why the bond market is freaking out, and what it means for your money
Investors are increasingly nervous about rising inflation, which could require the Federal Reserve to hike interest rates.
Mortgage rates are back above 7%. How much higher could they climb?
Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.
Will an FDA crackdown curb access to cheaper GLP-1 weight-loss drugs?
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
Small businesses roll the dice on Kalshi to manage their risks
Hundreds of small businesses are using the prediction market to hedge against a range of business risks, according to Kalshi. Here's how.
Politics
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Investigation
Commander rejected plans to rebase before deadly drone strike, sources say
Sources tell CBS News that despite warnings about the vulnerability of the outpost in Kuwait, a commander opted not to rebase farther from Iran.
New Trump-focused "Love Me" ad campaign paid for by taxpayers hits airwaves
Ads promoting President Trump and paid for by American taxpayers are now airing on network and national cable.
GOP Sen. Thom Tillis on Trump-Xi visit: "It's a WTF moment"
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
Pentagon probing how shipment of F-35 fighter jet parts was diverted
The U.S. is trying to retrieve the parts, which were reported by Bloomberg News to be in China's possession.
Trump administration urges Supreme Court to revive third-country deportation policy
The Trump administration urged the Supreme Court to revive its policy of deporting some migrants to places other than their country of birth.
HealthWatch
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Will an FDA crackdown curb access to cheaper GLP-1 weight-loss drugs?
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
Bone health and the "silent disease": 4 things women should know
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
Even the smallest joys can help prevent suicide, researchers say
New research highlights common themes shared by people who found reasons to keep living through dark times.
First on CBS
JB Pritzker reveals GLP-1 use, pressed on possible presidential run
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
Her son was dying, but his rare cancer made it difficult to get the right drug
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
World
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Investigation
Commander rejected plans to rebase before deadly drone strike, sources say
Sources tell CBS News that despite warnings about the vulnerability of the outpost in Kuwait, a commander opted not to rebase farther from Iran.
GOP Sen. Thom Tillis on Trump-Xi visit: "It's a WTF moment"
The retiring North Carolina senator was critical of President Trump's reception of Chinese President Xi Jinping.
Pentagon probing how shipment of F-35 fighter jet parts was diverted
The U.S. is trying to retrieve the parts, which were reported by Bloomberg News to be in China's possession.
Officer thwarted Ontario synagogue shooting despite life-threatening injuries
Constable Jeff Smith was shot several times, suffering wounds to his head and torso, but continued fending off the attack until a second officer arrived.
U.S. troops help Ecuador arrest dozens linked to ruthless cartel
The operation "was conducted jointly with U.S. troops and the Drug Enforcement Administration (DEA)," Ecuador's interior minister said.
Entertainment
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Sylvester Stallone jokes about one of his wildest jobs before fame
Sylvester Stallone said he took a series of odd jobs to make ends meet before the bruised but unbowed Rocky Balboa.
Sylvester Stallone on cleaning lion cages
Sylvester Stallone took on a series of odd jobs to make ends meet before becoming a Hollywood legend. He tells correspondent Tracy Smith about one of his wildest gigs. Watch more of their conversation this weekend on "CBS Sunday Morning."
Kim Kardashian on "Team Moms: Baseball"
Kim Kardashian and the producers of "Love Island" teamed up to create "Team Moms: Baseball," a new reality show exploring the cutthroat world of elite kids' sports. Kim Kardashian and producer Natalie Ento sat down with "Entertainment Tonight" host Nischelle Turner to explain more.
First look at Taylor Swift's "Patient Zero"
"CBS Mornings" shares an exclusive first look at the video for Taylor Swift's new single, "Patient Zero."
Exclusive
Taylor Swift to debut "Patient Zero" music video at VMAs. Watch a preview.
Taylor Swift announced her new single "Patient Zero" earlier this week, saying she has been "impatiently waiting" to announce that it will be out on Friday.
Technology
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Technology
Andreessen Horowitz introduces AI school
The Horowitz Andreessen Academy is offering students a college alternative focused on artificial intelligence. CEO Gagan Biyani joins CBS News to discuss the revolutionary idea.
Rogue AI agent hacks government website
Australia says an OpenAI model hacked a government website containing health information. CBS News' Jo Ling Kent 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.
Will Trump and Xi take on AI during visit?
More details on alarming cases involving rogue AI models are emerging as President Trump meets with Chinese President Xi Jinping in Washington, D.C. Meanwhile, calls for regulation are growing louder. CBS News contributor Patrick McGee joins with more.
OpenAI model hacked Australia healthcare site
Australia's Prime Minister Anthony Albanese is fuming after an OpenAI model hacked a government website in June. CBS News' Ramy Inocencio breaks down the details on the historic attack.
Science
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Science
Neuroscientists grow human brain tissue in mice
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
New species of wild cat discovered for first time in more than a century
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Crime
More Crime
Officer thwarted Ontario synagogue shooting despite life-threatening injuries
Constable Jeff Smith was shot several times, suffering wounds to his head and torso, but continued fending off the attack until a second officer arrived.
U.S. troops help Ecuador arrest dozens linked to ruthless cartel
The operation "was conducted jointly with U.S. troops and the Drug Enforcement Administration (DEA)," Ecuador's interior minister said.
Police accused of misusing Flock cameras
Concerns are growing over the potential misuse of automated license plate readers. Five police officers in Indianapolis are the latest to face criminal charges for allegedly using Flock cameras to track romantic partners and others.
Accused Nazi POW camp guard, 105, being investigated in Germany
The man is "accused of being an accessory to multiple murders through his activities there," prosecutors said.
Pittsburgh doctor attacked and killed while he slept, wife also stabbed
Dr. Idris Evans, a physician and medical director from UPMC Children's Hospital in Pittsburgh, was killed in an overnight stabbing.
Space
More Space
NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
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.
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.
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.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Extended interview: Patrick Clancy
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
9/24: CBS Evening News
Trump hosts Xi Jinping at White House; Sen. Thom Tillis on elaborate Trump-Xi visit.
Week 3 of NFL season kicks off
Week 3 of the NFL season kicks off on Thursday with the Atlanta Falcons heading to Wisconsin to face the Green Bay Packers. CBS Sports NFL analyst Mike Renner has more.
Trump's lavish state dinner for Xi underway
President Trump and first lady Melania Trump welcomed China's Xi Jinping and his wife to the White House for a state dinner on Thursday night. CBS News correspondent Natalie Brand has the latest.
Legal expert on judge lifting Trump media ban
A judge temporarily halted President Trump's ban on three media outlets on Thursday, citing due process concerns. CBS News legal contributor Jessica Levinson breaks down the constitutional questions.