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.
Lindsey Vonn crashes out in women's downhill race at Milano Cortina Games
Lindsey Vonn, who came out of retirement to compete in the 2026 Milano Cortina Winter Games, was airlifted off the mountain.
Savannah Guthrie says "we will pay" in new plea for mother's safe return
Savannah Guthrie released a new video on Saturday, saying her family is willing to pay for the safe return of their mother.
Democrat wins Louisiana state House special seat in district Trump won
Democrat Chasity Verret Martinez defeated her Republican opponent in a district President Trump won by 13 points in 2024.
Will Bad Bunny be paid for his Super Bowl halftime performance?
Here's how much Bad Bunny is expected to earn from his halftime performance at Super Bowl LX.
Trump throws support behind Nexstar-Tegna broadcast deal he once opposed
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
Breezy Johnson wins Team USA's first gold medal of Milano Cortina Games
Breezy Johnson took the lead early on after flying down the mountain in 1:36.10. It is her first-ever Olympic medal.
White House removes Trump post with racist footage of Obamas hours after defending it
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
Brad Arnold, 3 Doors Down founder and lead singer, dies at 47
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Washington Post publisher Will Lewis resigns just days after mass layoffs
Will Lewis, CEO and publisher of the Washington Post, has resigned just three days after the storied newspaper laid off about one-third of its staff.
U.S.
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How many Super Bowls have the Seahawks won?
As the Seahawks prepare to face the Patriots in the 2026 Super Bowl, here's what to know about Seattle's past appearances, wins and losses.
Looking back at all of the Patriots' past Super Bowl victories and appearances
The New England Patriots are back in the Super Bowl once again in 2026, hoping to add another ring to their list of wins. Here's a look back at their appearances, losses, how many they've won, and more.
Where you can watch the 2026 Super Bowl live today
Not sure where to watch the 2026 Super Bowl live? There are multiple ways to watch the game for free today. Here's how.
Will Bad Bunny be paid for his Super Bowl halftime performance?
Here's how much Bad Bunny is expected to earn from his halftime performance at Super Bowl LX.
Did a popular acne medication drive a Texas teen to shoot his friends?
Connor Hilton, 17, said that after taking Accutane, a prescribed acne medication, he began to have suicidal and homicidal thoughts – thoughts that, his defense argued, led him to shoot two friends in the head at his Friendswood, Texas, home. Prosecutors weren't convinced.
MoneyWatch
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Diamonds endure as the industry feels the pressure
For over five centuries, Antwerp's diamond district has been the cornerstone of the global diamond trade. Now, that legacy is under strain.
Will Bad Bunny be paid for his Super Bowl halftime performance?
Here's how much Bad Bunny is expected to earn from his halftime performance at Super Bowl LX.
Washington Post publisher Will Lewis resigns just days after paper enacts mass layoffs
Will Lewis, CEO and publisher of the Washington Post, has resigned just three days after the storied newspaper laid off about one-third of its staff.
Trump throws support behind Nexstar-Tegna broadcast deal he once opposed
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
Exclusive
Lutnick and Epstein were in business together, Epstein files show
Though the commerce secretary has called his interactions with Epstein as "limited," the two were in business together four years after Epstein's 2008 guilty plea.
Politics
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Democrat wins Louisiana state House special seat in district Trump won
Democrat Chasity Verret Martinez defeated her Republican opponent in a district President Trump won by 13 points in 2024.
Nancy Pelosi to endorse Jack Schlossberg in New York congressional race
Former House Speaker Nancy Pelosi plans to endorse Jack Schlossberg, John F. Kennedy's grandson, a source familiar confirmed to CBS News.
Trump throws support behind Nexstar-Tegna broadcast deal he once opposed
Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
Some Team USA athletes speak out about politics at home
Skier Chris Lillis said he was "heartbroken about what's happened in the United States," while skater Amber Glenn said she "will not just be quiet."
Zelenskyy says U.S. gave Ukraine, Russia a deadline for agreement to end war
If the June deadline is not met, the Trump administration will likely put pressure on both sides to meet it, Zelenskyy told reporters.
HealthWatch
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Her deadly diagnosis only had 1 warning sign. Here's how she survived.
Becca Valle, then 37, enrolled in a cutting-edge clinical trial after surgery removed an aggressive tumor from her brain.
California urges avoiding wild mushrooms after deaths, liver transplants
More than three dozen cases of death cap mushroom poisonings have been reported in California since November, health officials said.
See the 43 drugs available on new discounted drug site TrumpRx
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
White House launches TrumpRx discounted drug site
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
Officials warn against drinking raw milk after baby dies from listeria
The New Mexico Department of Health said officials believe the baby contracted listeria after their mother drank raw milk during pregnancy.
World
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Gaza's Rafah border crossing reopens again after 2-day closure
The Rafah border crossing between Gaza and Egypt reopened Sunday, allowing limited Palestinian travel after a two-day closure, according to Egyptian state media.
Breezy Johnson wins Team USA's first gold medal of Milano Cortina Games
Breezy Johnson took the lead early on after flying down the mountain in 1:36.10. It is her first-ever Olympic medal.
Lindsey Vonn crashes out in women's downhill race at Milano Cortina Games
Lindsey Vonn, who came out of retirement to compete in the 2026 Milano Cortina Winter Games, was airlifted off the mountain.
Ilia Malinin stunned by Yuma Kagiyama in Olympic figure skating short program
The U.S. ended Saturday in first place with 44 points. Japan was five points back going into the men's, women's and pairs free skates to decide the medals Sunday.
Jake Paul joins JD Vance to watch U.S. women's hockey team at Olympics
The U.S. women's hockey team eased to a 5-0 win over Finland on Saturday afternoon.
Entertainment
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Entertainment
Passage: In memoriam
"Sunday Morning" remembers some notable people who left us this week, including singer LaMonte McLemore, a founding member of vocal group The 5th Dimension.
Don Henley reflects on the Eagles' "miraculous run," Glenn Frey, and more
Don Henley acknowledges the Eagles are "kind of a staple" as they sell out shows at the Las Vegas Sphere and cement their status with the best-selling album of all time.
Extended Interview: Don Henley
Singer-songwriter Don Henley reflects on the Eagles' decades-long career, the larger than life legacy of his late bandmate Glenn Frey, and the emotional moment he saw Frey's son Deacon perform in his father's place. He also emphasizes the importance of connecting with fans, saying "music is medicine. And people need some medicine right now."
50 years later, the Eagles still soar
Fifty years ago, the Eagles released their first "Greatest Hits" album, which became the best-selling of all time. The legendary rock band still performs to sold-out crowds today. Don Henley talks to Tracy Smith.
Faith Salie on fiery "Heated Rivalry" romance
Faith Salie breaks down why HBO's "Heated Rivalry" is setting the internet on fire with its story of a secret romance between rival pro hockey players.
Technology
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Super Bowl fans warned to leave drones at home amid flight ban
The FAA says it is collaborating with the FBI to detect, track and assess unauthorized drone activity at the Super Bowl.
Ukrainian military drone simulator adapted for video gamers in world first
Gamers across the world can now recreate drone strikes in Ukraine from the comfort of their own home, with this newly released game.
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.
How will AI transform the workforce?
CBS News business analyst Jill Schlesinger talks about how companies are using artificial intelligence, the discussion around the technology and how it's impacting the workforce.
Tesla, Waymo leaders defend product safety
Executives from Waymo and Tesla defended their self-driving vehicle technology in testimony before the Senate Commerce Committee on Wednesday. CBS News' Kris Van Cleave reports and Ian Krietzberg, an AI correspondent at the digital media company Puck, has more.
Science
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Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
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.
Crime
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Crime
Latest on the search for Nancy Guthrie
Savannah Guthrie and her siblings posted a third video on Saturday, pleading for their mother's return after she went missing last week. Jonathan Vigliotti reports.
Did a popular acne medication drive a Texas teen to shoot his friends?
Connor Hilton, 17, said that after taking Accutane, a prescribed acne medication, he began to have suicidal and homicidal thoughts – thoughts that, his defense argued, led him to shoot two friends in the head at his Friendswood, Texas, home. Prosecutors weren't convinced.
Latest in Nancy Guthrie disappearance
Authorities said Friday they were inspecting an apparent new message relating to the disappearance of "Today" host Savannah Guthrie's mom, Nancy, after the family reported her missing from her home on Sunday.
Luigi Mangione has outburst after hearing
Luigi Mangione had an outburst after a hearing on Friday in which the judge announced that his New York State trial will begin on June 8. CBS News legal reporter Katrina Kaufman is following the case.
Authorities tow car from Nancy Guthrie's home, investigate new message
Local and federal authorities said "investigators are actively inspecting the information provided in the message for its authenticity" regarding the disappearance of Nancy Guthrie.
Space
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Space
What led NASA to delay Artemis II launch
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA hopes to fix Artemis II moon rocket leak with on-pad repair
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delays Artemis II launch
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
NASA begins mission to map the boundaries of our heliosphere
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
NASA moon launch off until March due to issues during tests
NASA says it can't try until March at the earliest to send a crewed spacecraft on a flight around the moon and back, due to hydrogen leaks during testing of the Artemis II rocket.
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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Nature: Fort Niobrara National Wildlife Refuge
For all the romantics: This Sunday, we leave you in Fort Niobrara National Wildlife Refuge - just 5 miles east of Valentine, Nebraska. Videographer: Kevin Kjergaard
Salt pools shine outside Super Bowl arena
As Super Bowl fans touchdown in the Bay Area for Sunday's big game, they might spot a splash of color in the water. In the southern end of the San Francisco Bay, less than 2,500 yards away from the 50-yard line of Levi's Stadium in Santa Clara, California, lies a colorful mosaic of salt pools. Conor Knighton reports.
Luke Burbank's tips for Super Bowl partygoers
If you're heading to a Super Bowl party this weekend and you don't know much about football, Luke Burbank — a Seattle Seahawks fan — has a few helpful tips to help you fit in.
Passage: In memoriam
"Sunday Morning" remembers some notable people who left us this week, including singer LaMonte McLemore, a founding member of vocal group The 5th Dimension.
Extended Interview: Don Henley
Singer-songwriter Don Henley reflects on the Eagles' decades-long career, the larger than life legacy of his late bandmate Glenn Frey, and the emotional moment he saw Frey's son Deacon perform in his father's place. He also emphasizes the importance of connecting with fans, saying "music is medicine. And people need some medicine right now."