Trump tariffs have delayed interest rate cuts, Fed Chair Powell says
Federal Reserve Chief Jerome Powell said it is premature to lower interest rates, citing the potential impact of tariffs.
Federal Reserve
Powell: Trump tariffs delayed rate cuts
Federal Reserve Chair Jerome Powell said Tuesday the Trump administration's tariffs led the Fed to put interest rate cuts on hold. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Trump threatens Musk's subsidies
President Trump alluded to eliminating Elon Musk's subsidies after the Tesla CEO criticized the Republican reconciliation bill. Also, Federal Reserve Chair Jerome Powell continues to face pressure to lower interest rates. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Why the Fed is keeping rates steady for now
In two days of congressional testimony, Federal Reserve Chair Jerome Powell defended his decision to keep interest rates steady and vowed Fed policy wouldn't be influenced by President Trump's pressure. Jo Ling Kent has more.
Fed Chair: Tariffs could drive up inflation
Federal Reserve Chair Jerome Powell testified on Capitol Hill Wednesday about the state of the U.S. economy. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Powell says economy is in a solid position
Federal Reserve Chairman Jerome Powell gave his take on the state of the economy Wednesday as he testified before the Senate Banking Committee. CBS News senior business and technology correspondent Jo Ling Kent has more.
Bondi pressed about DOJ cost-cutting
Attorney General Pam Bondi testified before the Senate Appropriations Committee about the Justice Department's budget on Wednesday. Meanwhile, Federal Reserve Chair Jerome Powell delivered his semiannual monetary report to the Senate Banking Committee. CBS News congressional correspondent Nikole Killion has more.
Garcia elected top Democrat on Oversight panel
Rep. Robert Garcia of California has been elected as the top Democrat on the House Oversight Committee, becoming one of his party's most visible foils to the Trump administration. Political strategists Joel Payne and Matt Gorman, along with CBS News political director Fin Gómez, join "The Takeout" with analysis.
Stocks rally in wake of Israel-Iran ceasefire
The stock market rallied for a second day on Tuesday as tensions with Iran sent oil prices plummeting. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed Chair Powell holds firm on interest rates, resisting pressure to cut
Federal Reserve Chair Jerome Powell, who is testifying before Congress this week, said tariffs are "likely to push up prices."
Trump says "maybe" he'll try to fire Fed chief Jerome Powell
President Trump entertained the idea of firing Jerome Powell on Friday, a legally untested and contentious move.
Fed Chair on why rates stayed steady
The Federal Reserve is keeping interest rates unchanged for now, but as many as two interest rate cuts could occur later this year. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Federal Reserve maintains its benchmark interest rate at June meeting
The Federal Reserve said Wednesday it will maintain the benchmark interest rate at its current range of 4.25% to 4.5%
Why the Fed held interest rates steady again
The Federal Reserve held its benchmark interest rate steady on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Fed leaves interest rates unchanged
The Federal Reserve held interest rates steady again on Wednesday, despite pressure from President Trump to cut rates. CBS News business analyst Jill Schlesinger reports.
The Fed is making a rate decision today. Here's what to expect.
The Federal Reserve Board will announce its next rate decision today, June 18, at 2 p.m. EST.
Trump says Fed Chair is "not a smart person"
President Trump said that Federal Reserve Chair Jerome Powell is "not a smart person" ahead of Wednesday's interest rate decision. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
Fed set to decide interest rates
The Federal Reserve is set to announce what's next for its benchmark interest rate on Wednesday. CBS News business contributor Javier David joins "CBS Morning News" with more on what to expect.
Fed to make next interest rate decision
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to break down the Federal Reserve's looming interest rate decision that happens Wednesday and what consumers can expect.
Oil prices soar amid Israel-Iran conflict
Oil costs soared Tuesday as the conflict between Israel and Iran intensified, with crude prices up more than four percentage points. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed expected to hold interest rates steady
The Federal Reserve is meeting for the next two days and will announce its latest decision on U.S. interest rates Wednesday. Javier David, the business editor at the Dallas Morning News, joins with more.
Janet Yellen: A matter of interest
Correspondent Rita Braver sits down for an exit interview with Janet Yellen, the outgoing chair of the Federal Reserve, to talk about her trailblazing career, the state of the economic recovery following the Great Recession, and leaving a job she loves too soon.
May jobs report released
The May jobs report showed 139,000 jobs were added in the last month. CBS News MoneyWatch correspondent Kelly O'Grady has the latest details, and CBS News' Aaron Navarro has updates from the White House as President Trump reacts to his feud with Elon Musk.
2/4/2024: Chairman Powell; A Hole in the System; The Mismatch
First, Fed Chair Jerome Powell: The 2024 60 Minutes Interview. Then, a report on the growing number of Chinese migrants crossing into the U.S. at the southern border. And, a look at how a sports betting boom is fueling concerns over problem gambling.
ADP employment report shows hiring slowdown
ADP's May employment report, released on Wednesday, suggests that the labor market is weakening. CBS News MoneyWatch correspondent Kelly O'Grady unpacks the data and what it could mean for the U.S. economy.
Live
Trump and his "Board of Peace" partners sign founding charter in Davos
The president joins fellow members of his "Board of Peace," signing its founding charter and pledging that the vaguely defined group will work with the U.N. to end suffering.
Maps show where winter storm threatens to bring snow, brutal cold this weekend
Heavy snow, thick ice and brutal cold are expected to make the winter storm a potentially life-threatening weather event for nearly 30 states.
Jack Smith set to testify publicly for first time at House hearing
Former special counsel Jack Smith, who oversaw two investigations into President Trump, will testify publicly for the first time before the House Judiciary Committee.
Internal memo authorizes ICE to enter homes without judicial warrants in some cases
ICE authorized its officers to enter homes without judicial warrants in the cases of people with deportation orders, a sweeping reversal of longstanding rules, according to a whistleblower complaint.
Murders plummeted more than 20% in U.S. in 2025, study shows
The 2025 national homicide rate might be the lowest recorded in the U.S. since 1900.
Jet donated by Qatar could start serving as Trump's new Air Force One this summer
President Trump could start flying in a plane donated by Qatar as early as this summer, as the U.S. Air Force confirms it will deliver the refurbished jumbo jet for use as Air Force One within months.
FCC says TV talk shows must offer equal time to political candidates
The FCC is warning that daytime talk shows and late-night programs must give equal time to opposing political candidates, taking aim at a genre of TV that has long drawn President Trump's ire.
Ex-Uvalde officer acquitted of all charges over his response to Robb Elementary shooting
A Texas jury acquitted a former Uvalde school police officer who was on trial for allegedly failing to act during the massacre at Robb Elementary School in 2022 that left 19 students and two teachers dead.
Oscar nominations for 2026 being announced today
The nominees for the 98th annual Academy Awards are being announced Thursday morning, with "One Battle After Another," "Sinners," "Marty Supreme," "Frankenstein" and "Hamnet" each expected to potentially earn double-digit Oscar nominations.
U.S.
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Jack Smith set to testify publicly for first time at House hearing
Former special counsel Jack Smith, who oversaw two investigations into President Trump, will testify publicly for the first time before the House Judiciary Committee.
Trump administration expects the economy to roar this year. Here's why.
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.
Murders plummeted more than 20% in U.S. in 2025, study shows
The 2025 national homicide rate might be the lowest recorded in the U.S. since 1900.
Oscar nominations for 2026 being announced today
The nominees for the 98th annual Academy Awards are being announced Thursday morning, with "One Battle After Another," "Sinners," "Marty Supreme," "Frankenstein" and "Hamnet" each expected to potentially earn double-digit Oscar nominations.
Guilty plea in $380 million Ponzi scheme, feds say
A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.
MoneyWatch
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Trump administration expects the economy to roar this year. Here's why.
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.
Guilty plea in $380 million Ponzi scheme, feds say
A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.
Wealth inequality in America just hit its widest gap in 3 decades
Nearly one-third of U.S. household wealth was held by the top 1% in the third quarter of 2025.
Trump touts policies aimed at promoting homeownership in Davos speech
President Trump said his plans for boosting home affordability are already helping, but stopped short of providing details.
Ryanair CEO on Elon Musk: "I suspect he's a bigger idiot than me"
Budget airline Ryanair launches "big idiot" fare promotion after CEO Michael O'Leary and Elon Musk trade insults.
Politics
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Jack Smith set to testify publicly for first time at House hearing
Former special counsel Jack Smith, who oversaw two investigations into President Trump, will testify publicly for the first time before the House Judiciary Committee.
Live
Trump and his "Board of Peace" partners sign founding charter in Davos
Trump joins fellow members of his "Board of Peace," signing its founding charter and pledging that the vaguely defined group will work with the U.N. to end suffering.
Jet donated by Qatar could start serving as Trump's new Air Force One this summer
President Trump could start flying in a plane donated by Qatar as early as this summer, as the U.S. Air Force confirms it will deliver the refurbished jumbo jet for use as Air Force One within months.
Death of Cuban immigrant in ICE custody in Texas ruled a homicide, autopsy finds
Geraldo Lunas Campos died following an altercation with guards at Camp East Montana, a tent facility on the grounds of Fort Bliss.
FCC says TV talk shows must offer equal time to political candidates
The FCC is warning that daytime talk shows and late-night programs must give equal time to opposing political candidates, taking aim at a genre of TV that has long drawn President Trump's ire.
HealthWatch
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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.
Study finds no link between Tylenol and autism
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
World
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Live
Trump and his "Board of Peace" partners sign founding charter in Davos
Trump joins fellow members of his "Board of Peace," signing its founding charter and pledging that the vaguely defined group will work with the U.N. to end suffering.
Trump repeats false or exaggerated claims about Greenland as he pushes for U.S. ownership
President Trump has exaggerated threats to Greenland from Russia and China and downplayed the country's current defenses, according to local officials and experts on the Arctic.
3 journalists killed in Gaza, including cameraman who worked with CBS News
An Israeli airstrike killed three journalists in Gaza on Wednesday, the territory's civil defense agency said. One of those killed, Abed Shaat, had worked for years as a cameraman for CBS News and other outlets.
Trump touts policies aimed at promoting homeownership in Davos speech
President Trump said his plans for boosting home affordability are already helping, but stopped short of providing details.
Trump backs off from tariff threat over Greenland
President Trump said he will not be imposing tariffs against European countries over their objections to his efforts to acquire Greenland.
Entertainment
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Sundance Film Festival opens for its final year in Park City
The celebrated Sundance Film Festival, opening Thursday in Park City, Utah, includes films starring Natalie Portman, Olivia Wilde, Seth Rogen and Charli XCX, plus a wide range of documentaries.
Oscar nominations for 2026 being announced today
The nominees for the 98th annual Academy Awards are being announced Thursday morning, with "One Battle After Another," "Sinners," "Marty Supreme," "Frankenstein" and "Hamnet" each expected to potentially earn double-digit Oscar nominations.
FCC says TV talk shows must offer equal time to political candidates
The FCC is warning that daytime talk shows and late-night programs must give equal time to opposing political candidates, taking aim at a genre of TV that has long drawn President Trump's ire.
Prince Harry says U.K. tabloid court battle is "not just about me"
Prince Harry struck a combative tone as he testified in his lawsuit against the Daily Mail's publisher.
Judge releases Busfield as he awaits trial
An Albuquerque judge denied the state's request to detain actor Timothy Busfield while he awaits trial. Busfield, who has denied the allegations, is accused of inappropriately touching two young boys while directing the TV series, "The Cleaning Lady."
Technology
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Technology
Tech leaders discuss future of AI in Davos
Tech leaders have taken the stage this week at the World Economic Forum in Davos, Switzerland, to discuss how AI will impact jobs. Bloomberg News reporter Sarah Frier joins CBS News with more.
Nonprofit helps to cut down on screen time
On average, young people between the ages of 8 and 18 spend about 7.5 hours a day on their screens, not including school work. A growing nonprofit is trying to change that alarming trend. The Balance Project focuses on delaying the use of smartphones for kids and encouraging more time with friends and independent play outside. Meg Oliver shows how.
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.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Palantir develops app to help ICE: 404 Media
A new investigative report by 404 Media says ICE agents have a new high-tech way to zero in on neighborhoods to raid. The report says it's an app called Elite, powered by Palantir. Joseph Cox, an investigative journalist at 404 Media, discusses his reporting on CBS News.
Science
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Science
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.
The history and mystery of kissing
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
Crime
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Ex-DEA agent learns fate for aiding drug traffickers: "Little dark secret"
Joseph Bongiovanni was accused of authoring bogus DEA reports, stealing sensitive files, throwing off colleagues and outing confidential informants.
Murders plummeted more than 20% in U.S. in 2025, study shows
The 2025 national homicide rate might be the lowest recorded in the U.S. since 1900.
Guilty plea in $380 million Ponzi scheme, feds say
A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.
Jury deliberates in former Uvalde cop's case
A Texas jury began deliberations on Wednesday in the trial of the former police officer who is charged over his response to the 2022 Uvalde school shooting. CBS News correspondent Omar Villafranca reports.
Suspect in murder of Ohio couple extradited
A Chicago man accused of murdering his ex-wife and her husband arrived in Ohio on Wednesday to face charges. CBS News correspondent Nicole Valdes has the latest on the investigation.
Space
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Space
More on Virgin Galactic all-female space crew
Virgin Galactic is sending its first all-female crew 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
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Latest CBS News Videos
Sneak peek: The Mother I Wish I Knew
ALL NEW: A daughter whose mother was murdered is convinced her father is innocent."48 Hours" correspondent Natalie Morales reports Saturday, Jan. 24 at 10/9c on CBS and streaming on Paramount+.
100-year-old joins grandkid's 100th day of school
With many kindergarteners celebrating the 100th day of school by bringing 100 things to class, one little girl in Georgia brought just one very special thing -- her 100-year-old great-grandfather. Tony Dokoupil has the story.
Prince Harry testifies against Daily Mail
Prince Harry testified for hours in a London courtroom as part of his yearslong battle with British tabloids. Elizabeth Palmer has more.
Cameraman who worked for CBS News killed in Gaza
An Israeli airstrike killed three journalists in Gaza, the territory's civil defense agency said. One of those killed, Abed Shaat, had worked for years as a cameraman for CBS News and other outlets.
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.