Fed Chair Powell faces delicate balancing act in Jackson Hole speech
Jerome Powell will address the state of the U.S. economy — and perhaps offer hints about interest rates — in a closely watched speech on Friday.
Federal Reserve
Trump calls on resignation of Fed governor
President Trump is calling on Federal Reserve Governor Lisa Cook to resign with his administration accusing her of mortgage fraud. Former Treasury official Kitty Richards joins "The Takeout" to discuss.
Breaking down Trump's economic actions
A new Wall Street Journal article says that President Trump is emulating the Chinese Communist Party by extending political control deep into the economy. Barry Naughton, a professor from the University of California, San Diego, joins "The Takeout" to discuss the article.
Key takeaways from July's inflation report
Inflation in July rose 2.7% on an annual basis, which was slightly less than economists had forecast, according to a report released Tuesday. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers.
Top Trump economic adviser on new tariffs
President Trump's new tariffs on dozens of countries will go into effect on Aug. 7. Kevin Hassett, director of the National Economic Council, joins "The Takeout" to discuss the potential impact on the economy.
Federal Reserve governor to step down from role early
Adriana Kugler will resign from her role as a Federal Reserve governor — opening up a vacancy on the board as President Trump pressures the Fed to slash interest rates.
Trump working to finalize more trade deals
The Trump's administration is working to finalize more trade deals before the president's self-imposed August 1 tariff deadline. CBS News White House reporter Willie James Inman has more on that and President Trump's ongoing war of words with Fed Chair Jerome Powell.
Why did Fed keep interest rates steady again?
The Federal Reserve on Wednesday left interest rates unchanged for the fifth time in a row. CBS News' Kelly O'Grady and Olivia Rinaldi have the latest.
Trump, Jerome Powell and economic forecasts
John Dickerson shares his thoughts on President Trump's constant criticism of Federal Reserve Chair Jerome Powell and Wednesday's decision to leave interest rates unchanged.
Federal Reserve holds its benchmark rate steady at today's FOMC meeting
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
Interest rates remain unchanged: What to know
President Trump spent the day hailing new GDP numbers that showed stronger than expected economic growth over the past three months. But at the Federal Reserve, Chair Jerome Powell pointed to Mr. Trump's tariffs as he announced the central bank would leave interest rates unchanged. Nancy Cordes reports.
Trump adviser Peter Navarro on interest rates
President Trump has been pressuring the Federal Reserve to lower interest rates, but the central bank held them steady on Wednesday. Peter Navarro, senior counselor for trade and manufacturing to President Trump, joins "The Takeout" to explain why he believes rates should be cut.
Powell cautious on possible September cut
The Federal Reserve left interest rates unchanged on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed leaves interest rates unchanged again
The Federal Reserve maintained its benchmark interest rate at Wednesday's Federal Open Market Committee meeting. CBS News' Kelly O'Grady and Olivia Rinaldi have the latest.
Is the Fed likely to finally cut interest rates at this week's meeting?
President Trump has pressured Fed Chair Jerome Powell to lower interest rates. Here's what the experts think will happen at today's monetary policy meeting.
Expectations for July interest rate decision
The Federal Reserve is set to announce its July interest rate decision on Wednesday. CBS News business contributor Javier David has more details on what to expect.
Investors await key economic data
Investors are awaiting the release of key second-quarter data and the Federal Reserve's next decision on interest rates as President Trump's Aug. 1 tariff deadline looms. CBS News business contributor Javier David has more on what to expect.
Vought on Project 2025 and the Fed: "Don't even know what that chapter says"
Project 2025 lays out an overhaul of the Fed, saying "Congress should limit its mandate to the sole objective of stable money."
Open: "Face the Nation," July 27, 2025
This week on "Face the Nation with Margaret Brennan," director of the U.S. Office of Management and Budget, Russell Vought, joins to discuss President Trump's trip to a Federal Reserve facility with Fed Chair Jerome Powell ahead of his departure for Scotland. Meanwhile, The Ohio State University President Ted Carter joins to explain how he's handling a new era of higher education amid the Trump administration's push to assert control over private and public institutions across the U.S.
Powell disagrees with Trump about cost of changes to Fed construction
President Trump visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
Breaking down dispute between Trump and Powell
President Trump visited the Federal Reserve and raised the issue of cost overruns in construction of new facilities there. It was a new front in Trump's extended campaign to pressure Powell, who he says has been too slow to lower interest rates. Kelly O'Grady explains.
Trump and Powell clash over Fed renovations
President Trump and Federal Reserve Chair Jerome Powell had a disagreement almost immediately as the two men set foot in the Fed's headquarters in Washington on Thursday to survey an extensive renovation project on two of the reserve's buildings. Nancy Cordes has more.
Trump, Powell meet amid tensions
President Trump toured the Federal Reserve building today alongside Federal Reserve Chair Jerome Powell. The visit comes as tensions run high between the two men. The president has repeatedly criticized Powell for not lowering interest rates and for the high cost of ongoing renovations. CBS News White House reporter Aaron Navarro has more.
Takeaways from Trump's Federal Reserve tour
President Trump visited the Federal Reserve on Thursday to tour its multi-billion-dollar renovation project. It comes amid his repeated public attacks on Fed Chair Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Johnson on Trump potentially firing Powell
House Speaker Mike Johnson told CBS News chief Washington correspondent Major Garrett that he understood President Trump's frustration with Federal Reserve Chairman Jerome Powell, adding that it's going to be "a rocky road" for the Fed chair between now and the end of his term in May 2026. CBS News MoneyWatch correspondent Kelly O'Grady and Barron's senior writer Martin Baccardax join with analysis.
Live
Iran war grinds on amid conflicting messages from Trump and Tehran
Trump's optimism about talks to end the Iran war has been tempered by denials from Tehran, and violence that continues to keep the Strait of Hormuz gridlocked.
TSA wait times up to 6 hours as ICE, other agents deployed to 14 airports
Nearly 12% of all TSA officers who were scheduled to work on Sunday called out – the most since the start of the partial government shutdown.
Exclusive
Group claiming antisemitic attacks threatens U.S., Israeli interests worldwide
A shadowy group claiming antisemitic attacks in Europe amid the Iran war tells CBS News it will target "U.S. and Israeli interests worldwide."
Rubio to testify in trial of ex-Rep. accused of illegal lobbying for Venezuela
Former Rep. David Rivera of Florida is accused of secretly lobbying for the Venezuelan government during the first Trump administration.
Senate closes in on deal to end DHS shutdown
The Senate is closing in on a deal to fund the bulk of the Department of Homeland Security and end the partial government shutdown that has stretched for six weeks.
Taliban says it released detained U.S. citizen Dennis Coyle
The foreign ministry said in a statement it agreed after a letter from his family that Dennis Coyle "would be pardoned and released" for Eid.
Exclusive
Congress launches investigation into California hospice fraud
A CBS News analysis of Los Angeles County hospice records found indications of fraud are growing. The House Oversight Committee is now investigating.
2 pilots killed as plane and fire-rescue truck collide at LaGuardia Airport
Two pilots were killed and dozens of people injured at New York's LaGuardia Airport late Sunday night when an arriving Air Canada Express plane and fire and rescue vehicle collided, authorities said.
Pentagon to remove media offices after judge strikes down rules for reporters
The Defense Department says it will issue new press credentials but remove media offices from the Pentagon, after a judge ruled that the military's new rules to get access to the Pentagon were unconstitutional.
U.S.
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Senate closes in on potential deal to end DHS shutdown
The Senate is closing in on a deal to fund the bulk of the Department of Homeland Security and end the partial government shutdown that has stretched for six weeks.
Ford recalls more than 254,000 vehicles due to software issue
The National Highway Traffic Safety Administration said the issue can reduce the driver's ability to detect hazards and increase the risk of a crash.
Taliban says it released detained U.S. citizen Dennis Coyle
The foreign ministry said in a statement it agreed after a letter from his family that Dennis Coyle "would be pardoned and released" for Eid.
TSA wait times up to 6 hours as ICE, other agents deployed to 14 airports
Nearly 12% of all TSA officers who were scheduled to work on Sunday called out — the most since the start of the partial government shutdown.
Rubio to testify in trial of ex-Rep. accused of illegal lobbying for Venezuela
Former Rep. David Rivera of Florida is accused of secretly lobbying for the Venezuelan government during the first Trump administration.
MoneyWatch
More MoneyWatch
Ford recalls more than 254,000 vehicles due to software issue
The National Highway Traffic Safety Administration said the issue can reduce the driver's ability to detect hazards and increase the risk of a crash.
Polymarket buckles down on insider trading after suspiciously timed bets
Polymarket tightened its rules after questions surfaced over whether some prediction market customers engaged in insider trading.
Here are Elon Musk's "most epic" goals for his vast Terafab chip plant
Elon Musk unveiled plans for a massive chip manufacturing facility in Austin, Texas, that he said will power his "galactic" aspirations.
As airport delays continue, can enrolling in TSA PreCheck save you time?
"TSA PreCheck will likely help you, even now with the long lines we're seeing at checkpoints," said one travel expert.
How to cut down on pet expenses as costs rise
Pet ownership costs over the past year have increased by up to 10%, according to Rover.
Politics
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Senate closes in on potential deal to end DHS shutdown
The Senate is closing in on a deal to fund the bulk of the Department of Homeland Security and end the partial government shutdown that has stretched for six weeks.
Rubio to testify in trial of ex-Rep. accused of illegal lobbying for Venezuela
Former Rep. David Rivera of Florida is accused of secretly lobbying for the Venezuelan government during the first Trump administration.
Pentagon to remove media offices after judge strikes down rules for reporters
The Defense Department says it will issue new press credentials but remove media offices from the Pentagon, after a judge ruled that the military's new rules to get access to the Pentagon were unconstitutional.
Markwayne Mullin confirmed as DHS secretary in 54-45 Senate vote
The Senate confirmed Markwayne Mullin as secretary of the Department of Homeland Security on Monday, finalizing President Trump's shakeup of DHS following months of scrutiny of Kristi Noem's leadership.
Exclusive
U.S. sent Iran a message via mediators as Trump says deal is possible, Iranian official says
Iran has received a message from the U.S. through mediators as a potential precursor to talks between the two warring countries, a senior Iranian Foreign Ministry official told CBS News, after President Trump suggested a deal is possible.
HealthWatch
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More parents are refusing routine newborn preventative care, study finds
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
Complex procedure saves officer with chest pain, heart condition
Transit Officer Paul DeGeorge thought his son was lying on him. Then he realized something much scarier was happening.
Judge blocks parts of RFK Jr.'s vaccine agenda, including revised schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Changes in organ donor status can fall through cracks in the system
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
World
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Exclusive
Group claiming antisemitic attacks threatens U.S., Israeli interests worldwide
A shadowy group claiming antisemitic attacks in Europe amid the Iran war tells CBS News it will target "U.S. and Israeli interests worldwide."
Taliban says it released detained U.S. citizen Dennis Coyle
The foreign ministry said in a statement it agreed after a letter from his family that Dennis Coyle "would be pardoned and released" for Eid.
Notorious apartheid police commander "Prime Evil" testifies on killings
Eugene de Kock testified that one of the police officers implicated in the killings had asked him to help assist with a cover-up.
Live
Iran war grinds on amid conflicting messages from Trump and Tehran
Trump's optimism about talks to end the Iran war has been tempered by denials from Tehran, and violence that continues to keep the Strait of Hormuz gridlocked.
229 migrants found calling for help in back of truck in Mexico
Veracruz is one of a number of states that migrants have historically crossed to reach the U.S., and are preyed upon by cartels and other criminal groups.
Entertainment
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Entertainment
Makers of "The AI Doc" on tech's peril, promise
A new documentary examines the artificial intelligence boom and its potential risks to humanity, featuring interviews with top AI company CEOs and other experts. Co-director Charlie Tyrell and producer Ted Tremper join CBS News to discuss the making of the film, "The AI Doc: Or How I Became an Apocaloptimist."
Patrick Ball on medical drama "The Pitt"
"The Pitt" star Patrick Ball tells "CBS Mornings" he had been auditioning since 2013 and didn't think his acting dreams were "ever going to happen" when he was cast in the medical drama. He also opens up about how the series is personal for him.
Lisa Kudrow on making "The Comeback"
In 2005, the "Friends" star played Valerine Cherish, a washed-up sitcom actress, in the HBO comedy "The Comeback." The show was cancelled, but it earned a cult following, and returned in 2014. Now, "The Comeback" is itself making a comeback.
Extended interview: Lisa Kudrow
In this web exclusive, Emmy-winning actress Lisa Kudrow talks with Tracy Smith about "Friends," and her HBO show "The Comeback."
Lisa Kudrow on making "The Comeback"
"Friends" star Lisa Kudrow played a washed-up sitcom actress, Valerie Cherish, in the 2005 HBO comedy "The Comeback." The show was cancelled, but it earned a cult following, and then returned in 2014. Now, "The Comeback" is itself making a comeback for a third season. Kudrow talks with correspondent Tracy Smith about her love for playing Phoebe Buffay; her aptitude for "cringe comedy"; and how she found solace following the death of "Friends" castmate Matthew Perry.
Technology
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Technology
Makers of "The AI Doc" on tech's peril, promise
A new documentary examines the artificial intelligence boom and its potential risks to humanity, featuring interviews with top AI company CEOs and other experts. Co-director Charlie Tyrell and producer Ted Tremper join CBS News to discuss the making of the film, "The AI Doc: Or How I Became an Apocaloptimist."
Polymarket buckles down on insider trading after suspiciously timed bets
Polymarket tightened its rules after questions surfaced over whether some prediction market customers engaged in insider trading.
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.
Musk says he'll manufacture chips in Texas
Elon Musk says he will make chips in the U.S. for use in Teslas and robots. Reuters global aerospace editor Joe Brock joins to discuss.
Here are Elon Musk's "most epic" goals for his vast Terafab chip plant
Elon Musk unveiled plans for a massive chip manufacturing facility in Austin, Texas, that he said will power his "galactic" aspirations.
Science
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Science
How a fun nature app aids science
The iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss. It also provides opportunities for fun: David Pogue joins iNaturalist fan Martha Stewart in a "bioblitz" – a timed competition with other users to spot and ID species.
Discovery of 1949 whale recording could unlock mysteries of ocean
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
Crime
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Crime
Top cornhole player accused of murder
Dayton Webber, a quadruple amputee known as one of the top professional cornhole players in the U.S., is facing a series of charges including first-degree murder. Shanelle Kaul reports on the case against Webber.
Notorious apartheid police commander "Prime Evil" testifies on killings
Eugene de Kock testified that one of the police officers implicated in the killings had asked him to help assist with a cover-up.
U.S. Park Police officer ambushed, shot by 2 men in Washington, officials say
A U.S. Park Police officer was seriously wounded in an ambush shooting in Washington, law enforcement officials said. The officer was targeted, they said.
Suspect in Loyola Chicago death misses first court date
Prosecutors say the man charged in the murder of Loyola University Chicago student Sheridan Gorman missed his first court appearance Monday as he receives treatment for tuberculosis. CBS News immigration correspondent Camilo Montoya-Galvez has the latest.
Justin Timberlake's 2024 arrest on video
Newly released bodycam footage shows Justin Timberlake during his 2024 DWI arrest in New York. CBS News' Shanelle Kaul has more.
Space
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Space
Artemis II back on launch pad for moon mission
NASA's Artemis II rocket is back on the launch pad after repairs inside the massive Vehicle Assembly Building at the Kennedy Space Center. Early next month, NASA will try, for a second time, to send a crew of four on a flyby of the moon. Mark Strassmann has more.
Possible meteorite crashes into Houston area home, officials say
A possible meteorite crashed into a Houston area house on Saturday night, tearing through the roof and two stories of the home, officials said.
Eileen Collins on breaking barriers in space
Retired NASA astronaut and Air Force Col. Eileen Collins joins "CBS Saturday Morning" to discuss her groundbreaking journey to become the first woman to pilot the Space Shuttle and the first to command a Space Shuttle mission.
Repaired moon rocket heads back to launch pad for April 1 liftoff
After a trip back out to the launch pad, NASA's Artemis II rocket will be readied for a historic flight to the moon.
Video shows meteor streaking across the sky
A meteoroid was spotted streaking across the sky in 10 states. In some areas, there was also a loud boom, similar to an explosion. NASA says the meteor, which was traveling 45,000 mph in the sky, fragmented - causing the bright fireball and loud boom.
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.
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
Tips for landing your dream job
Nearly 2 million Americans have been unemployed for more than six months. LinkedIn career expert Catherine Fisher joins "CBS Mornings" to break down some popular career advice and separate fact from fiction to help you land your dream job.
ICE agents linger at airports during shutdown
ICE agents appeared at some of America's biggest airports as TSA officers continue to work without pay due to a partial government shutdown. CBS News' Kris Van Cleave reports.
Amanda Peet on breast cancer battle
Actor Amanda Peet says she was diagnosed with stage one breast cancer last year. In an essay for The New Yorker, the 54-year-old reveals it happened while both of her parents were in hospice care on opposite coasts. Peet said she got her first clean scan in mid-January, just weeks before planning her mother's funeral.
Supreme Court arguments on mail-in ballots
The Supreme Court heard arguments on mail-in ballots received by officials after they are postmarked on Election Day. CBS News' Katrina Kaufman has more.
Top cornhole player accused of murder
Dayton Webber, a quadruple amputee known as one of the top professional cornhole players in the U.S., is facing a series of charges including first-degree murder. Shanelle Kaul reports on the case against Webber.