Fed watchdog finds no laws broken in $2.5 billion Fed renovation
The Federal Reserve inspector general also did not find fault with features the White House had complained were "ostentatious" and not compliant with the approved plans.
Federal Reserve
Fed renovations did not violate law: watchdog
An independent watchdog investigating the multi-billion-dollar renovations at the Federal Reserve found that cost overruns did not violate federal law, but that poor project management dramatically increased costs. CBS News producer Richard Escobedo has more.
Mortgage rates are nearing 7%. One house hunter says he's "despondent."
"It seems like we're trying to climb out of a hole somebody else is digging," said one frustrated house hunter as homeownership costs rise.
What the Fed's rate hike reveals about Warsh, Trump and inflation
The Fed's first rate hike in more than three years underscores the challenge of taming inflation as the Iran war drags on.
Impact of the Fed's interest rate increase
CBS News business analyst Jill Schlesinger explains how the Federal Reserve's interest rate hike for the first time since 2023 could impact Americans.
Trump: Interest rates are "artificially high"
President Trump lashed out at the Federal Reserve after the central bank voted to raise interest rates by 0.25 percentage points. CBS News' Aaron Navarro has more.
Farmer unhappy with Trump amid high prices
The Federal Reserve raised interest rates by 0.25 percentage points, defying President Trump's push to cut them. This comes as the Iran war drives up oil prices and inflation remains high. CBS News' Weijia Jiang reports.
Trump blasts Fed over interest rates
The Federal Reserve raised interest rates by 0.25 percentage points on Wednesday, the first hike since 2023. President Trump slammed the central bank, saying U.S. interest rates should be "1% or less." Weijia Jiang reports.
Trump lashes out at Fed after rate hike
The Federal Reserve raised interest rates by a quarter of a percentage point. President Trump slammed the decision. CBS News' Aaron Navarro reports, and Fintech.TV anchor Kristin Myers also joins to discuss.
Federal Reserve raises interest rates for the first time since 2023
The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
Fed raises interest rates amid rising prices
The Federal Reserve raised interest rates for the first time in three years on Wednesday, a sign of concern about rising prices. Meanwhile, the cost of diesel fuel hit a new record on Wednesday, for the eighth day in a row. Nancy Cordes reports on rising prices and Kelly O'Grady has more details on the Fed's decision.
White House reacts to Fed interest rate hike
The Federal Reserve boosted interest rates for the first time since July 2023 on Wednesday. CBS News' Richard Escobedo and Natalie Brand have the details.
Why the Fed hiked rates this month
The Federal Reserve changed course and raised interest rates Wednesday for the first time since 2023. The rate hike will be an increase of 0.25 percentage points, bringing its target range to between 3.75% and 4%. Greg Robb, MarketWatch senior reporter and economics editor, joins CBS News with more.
Examining Fed's reasons for raising rates
The Federal Reserve on Wednesday raised interest rates by one-quarter of a percentage point in its first rate increase since 2023. CBS News' Kelly O'Grady and Nancy Cordes report.
9/16: The Takeout with Major Garrett
Federal Reserve unanimously votes to raise interest rates; President Trump stumping for GOP Senate nominee Michael Whatley in North Carolina.
Dow tumbles after first rate hike since 2023
The Dow Jones closed down around 1.2% on Wednesday after the Federal Reserve announced its first interest rate increase since July 2023. CBS News' Kelly O'Grady and Aaron Navarro report.
Watch: Fed chair Kevin Warsh takes questions
Federal Reserve chair Kevin Warsh spoke to reporters Wednesday after interest rates were raised by 0.25 percentage points, the first raise since 2023.
Interest rates raised by 0.25 percentage points
The Federal Reserve voted unanimously Wednesday to raise interest rates by 0.25 percentage points in the first hike since July 2023. CBS News' Kelly O'Grady reports and Jim Baird, CFO for Plante Moran Financial Advisors, joins with analysis.
Fed rate hike expected on Wednesday. See what it means for your money.
The Federal Reserve is likely to raise borrowing costs on Wednesday, and more hikes could be in store, according to economists.
Previewing Fed's interest rate decision
The Federal Reserve is expected to raise interest rates for the first time in three years on Wednesday. CBS News business contributor Javier David explains more.
Stocks dive ahead of expected Fed rate hike
Stocks stayed in the red on Tuesday ahead of the Federal Reserve's interest rate decision on Wednesday. CBS News contributor Javier David has a preview of the meeting.
Fed rate hike likelihood jumps to nearly 90% after hotter CPI report
Investors believe the Fed will raise borrowing costs as it works to tame inflation, which has risen a full percentage point since the Iran war started.
CPI rose at 3.4% pace in August, raising odds of Fed rate hike this month
The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
Oil hovers above $100 a barrel
Oil prices continue to climb as the U.S. and Iran trade strikes. CBS News' Kelly O'Grady reports on the key inflation indicators expected next.
Unpacking August jobs report
U.S. employers added 162,000 jobs in August, more than double economists' forecasts. CBS News business producer Emily Pandise has more.
Trump says he'll start paying for ads after pushback over taxpayer funding
Jim Bakker, who co-founded "The PTL Club" but fell into disgrace, dies at 86
Trump suggests letting Iran "take out" LA, San Diego during rally
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Ex-"American Idol" contestant Caleb Flynn gets life sentence
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Takeaways from Alito's CBS News interview
